Welcome to our dedicated page for OUTFRONT Media news (Ticker: $OUT), a resource for investors and traders seeking the latest updates and insights on OUTFRONT Media stock.
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Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of OUTFRONT Media's position in the market.
OUTFRONT Media Inc. reported strong first quarter financial results with revenues of $408.5 million, operating income of $14.0 million, and a net loss of $27.2 million. Adjusted OIBDA stood at $66.5 million, with AFFO of $23.2 million. The company also declared a quarterly dividend of $0.30 per share, payable on June 28, 2024. The U.S. Media segment saw a revenue increase of 3.5%, while the Other segment reported a decrease of 2.6%. Adjusted OIBDA increased by 10.5% compared to the same period last year. Overall, OUTFRONT Media Inc. highlighted positive growth and solid financial performance for the quarter.
OUTFRONT Media Inc. (NYSE: OUT) has declared a quarterly cash dividend of $0.30 per share payable on June 28, 2024, to shareholders of record at the close of business on June 7, 2024.
OUTFRONT Media and the NYC Landmarks60 Alliance have launched Trivia Moments, an interactive citywide competition celebrating the 60th anniversary of NYC's Landmarks Law. New Yorkers can participate by answering daily trivia questions displayed on digital screens across the city, with weekly winners receiving free NYC Subway or Bus rides. The initiative aims to educate and engage the public about the history and landmarks of New York City.
OUTFRONT and StreetMetrics have joined forces to revolutionize bus advertising measurement, proving its effectiveness in driving positive outcomes for brands. The partnership focuses on dynamic measurement and attribution analysis, showcasing the shift towards lower funnel metrics to demonstrate the value of out-of-home (OOH) advertising in omnichannel marketing. Through various attribution studies, it has been established that bus advertising not only increases brand awareness but also drives consumers down the funnel, leading to actions like website visits, app downloads, and store visits. This collaboration is a game-changer in the industry, providing actionable insights to clients and highlighting the impact of bus advertising on overall marketing strategies.
