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Clear Channel Outdoor Holdings, Inc. reports developments in out-of-home advertising across printed and digital displays, roadside billboards, street furniture and airport media. The company sells advertising placements through a portfolio that includes U.S. roadside assets, airport displays and other markets, with recurring updates tied to digital billboard expansion, data analytics, programmatic buying and campaign measurement.
Company news also covers airport advertising contracts, brand and content partnerships for digital screen networks, research on creative quality and campaign performance, operating and financial results, shareholder matters and capital-structure actions.
Clear Channel Outdoor Holdings (NYSE: CCO) announced a strategic review of its European business, potentially leading to a sale. CEO William Eccleshare stated that improved revenue performance in Europe and a desire to align with strategic goals motivated this decision. The fourth-quarter guidance was raised, with consolidated revenue expectations now between $730 million and $750 million, up from previous estimates. The Americas segment is also performing well, with anticipated revenue growth. However, the company acknowledged uncertainties, including the ongoing impacts of COVID-19 on operations.
Clear Channel Outdoor Holdings (NYSE: CCO) announced participation in the Barclays Global Technology, Media and Telecommunications Conference 2021. Scott Wells, CEO, and Brian Coleman, CFO, will engage in a Q&A session on December 7, 2021, at 4:10 p.m. ET. Investors can access a live audio webcast on the company's investor website, which will also be available for replay for 30 days. Clear Channel Outdoor operates over 500,000 displays globally, with a significant digital presence, including more than 17,000 digital displays worldwide.
Clear Channel Outdoor Holdings (NYSE: CCO) announced its executives, including CEO William Eccleshare, CFO Brian Coleman, and CEO of Clear Channel Outdoor Americas Scott Wells, will participate in a Q&A session at the Wells Fargo Virtual 5th Annual TMT Summit on December 1, 2021, at 9:20 a.m. ET. The session will be webcast live on their investor website and available for replay for 30 days. Clear Channel Outdoor is a leading outdoor advertising company with over 500,000 displays globally, including more than 17,000 digital displays.
Clear Channel Outdoor Holdings (NYSE: CCO) reported strong third-quarter 2021 financial results, with Americas revenue up 42.6% to $319 million and Europe revenue up 21% to $262.6 million. Both segments showed significant growth compared to 2020, primarily driven by increased mobility and advertising demand. The company maintains a healthy balance sheet with $600 million in cash and has repaid $130 million of its credit facility. Looking ahead, consolidated revenue is guided between $715 million and $740 million for Q4, suggesting recovery towards pre-pandemic levels.
On November 2, 2021, Conservation International announced a global Out-Of-Home (OOH) campaign with Clear Channel, titled "Hear me while you can", during COP26 in Glasgow. The campaign aims to amplify the importance of nature in climate discussions, featuring sounds from various ecosystems on digital screens that link to a dedicated site for further engagement. Clear Channel is donating advertising space to boost visibility, emphasizing the need for increased investment in nature-based solutions to combat climate change. The initiative aligns with recent commitments to biodiversity protection made at COP15.
Clear Channel Outdoor (NYSE: CCO) announces a partnership with the Afterschool Alliance, the National League of Cities, and the National Summer Learning Association to launch a national visibility campaign for Lights On Afterschool. Running through October, the campaign highlights afterschool programs' critical roles during the COVID-19 pandemic. Data shows that for every child in these programs, three are waiting to join. The campaign features over 2,000 digital billboards, emphasizing the growing demand for afterschool services and the barriers faced by many families in accessing them.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) will release its third quarter 2021 results on November 9, 2021, before the market opens at 7:00 a.m. Eastern Time. A conference call to discuss the results will take place at 8:30 a.m. Eastern Time, accessible via dial-in and a live audio webcast on the company's website. CCO is a leading outdoor advertising company, operating over 500,000 displays globally, with significant digital assets. Detailed financial materials will be provided on the company's website following the release.
Clear Channel Outdoor Holdings (NYSE: CCO) announced that CEO William Eccleshare, CFO Brian Coleman, and CEO of Clear Channel Outdoor Americas Scott Wells will participate in a Q&A session at Deutsche Bank's 29th Annual Leveraged Finance Conference on October 4, 2021, at 10:00 a.m. ET. Investors can access a live audio webcast on Clear Channel's investor website, which will also be available for replay for 30 days. The company operates over 500,000 outdoor advertising displays globally, including more than 19,000 digital displays.
Hivestack has partnered with Clear Channel Outdoor Americas (CCOA), allowing advertisers to purchase programmatic digital out-of-home (DOOH) inventory. This collaboration enables CCOA to leverage the Hivestack SSP and Ad Exchange for programmatic buying, expanding its nationwide reach to over 100 million people monthly through digital billboards, airport media, and more. The partnership aims to enhance programmatic revenue opportunities for CCOA while providing marketers with advanced data-driven solutions to target audiences effectively.
Clear Channel Outdoor Holdings (NYSE: CCO) announced that CEO William Eccleshare, CFO Brian Coleman, and CEO of Clear Channel Outdoor Americas Scott Wells will participate in a Q&A session at the Goldman Sachs Communacopia Conference on September 21, 2021, at 12:25 p.m. ET. The session will be available via a live audio webcast on the company's investor website, with a replay option for 30 days. Clear Channel Outdoor is a leading outdoor advertising company with over 500,000 displays across 27 countries, including more than 17,000 digital displays globally.