Outfront Media Inc Stock Price, News & Analysis

OUTFRONT Media Inc. (NYSE:OUT) has partnered with The Farmlink Project to combat food insecurity. The initiative connects surplus farm produce to food banks, delivering over 30 million pounds of food to families in need. The campaign features impactful messaging aimed at raising awareness, and OUTFRONT will provide media assets to support this mission. This collaboration reflects OUTFRONT's commitment to community engagement, focusing on critical issues like food waste and hunger as part of its business strategy.

OUTFRONT Media Inc. (NYSE:OUT) launched a new campaign called 'Live, Play, Eat, See NYC' to engage subway riders as daily ridership exceeds 2.4 million trips. The initiative coincides with New Yorkers returning to offices, boosted by decreasing COVID-19 cases and increasing vaccinations. The campaign features brands like CLEAR and The FRIENDS™Experience, promoting local lifestyle activities through vibrant advertisements in subway stations. The campaign aims to revitalize the city's spirit and hospitality as it recovers from the pandemic.

OUTFRONT Media Inc. (NYSE: OUT) announced that CEO Jeremy Male will present at the 2021 J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2021, at 11:00 a.m. ET. The event will include a live and replay audio webcast accessible through the company's investor relations website. OUTFRONT Media focuses on connecting brands with consumers using extensive billboard, transit, and mobile assets across North America, utilizing technology to enhance audience engagement.

OUTFRONT Media Inc. (NYSE:OUT) has partnered with Color Of Change, the leading online racial justice organization, to enhance awareness of its mission to combat racial injustice. This year marks the 15th anniversary of Color Of Change, which has successfully challenged systemic discrimination across various sectors. OUTFRONT will deploy billboard assets nationwide for the campaign "Until Justice is Real," focusing on community accountability and engagement. The campaign's visual theme urges action against systemic bias and aims to empower communities.

OUTFRONT Media reported Q1 2021 revenues of $259.2 million, a decrease of 32.7% from Q1 2020. The net loss attributable to the company was $67.7 million, compared to a profit of $6.1 million in the same period last year. The decline in revenue was primarily due to the COVID-19 pandemic's impact on advertising expenditures. Total operating expenses decreased by 21%, while adjusted OIBDA fell to $11.1 million, an 85.3% decline. The company suspended its common stock dividend to enhance liquidity. As of March 31, 2021, liquidity stood at $560 million.

OUTFRONT Media Inc. (NYSE: OUT) will report its fiscal Q1 2021 results on May 4, 2021, after market close. The earnings announcement will be accessible on the Company’s website. Following this, a conference call to discuss the results will occur on the same day at 4:30 p.m. Eastern Time. Participants can join by calling 800-367-2403 (U.S.) or 334-777-6978 (International), using passcode 7892218. Live and replay versions of the call will also be available on the website.

OUTFRONT Media is partnering with ABV Gallery and Nifty Gateway to present "Chain Reaction," one of Atlanta's first physical NFT exhibitions. Running from March 20 to March 28, 2021, this exhibition will feature renowned crypto artists and display their works across 20 digital displays.

Attendees can purchase NFTs through QR codes on OUTFRONT's advertising assets. This innovative collaboration highlights the growing popularity of NFTs and aims to educate the public about this evolving art form.

OUTFRONT Media Inc. (NYSE:OUT) celebrates International Women’s Day by launching its 'HERstory' campaign throughout March. The campaign features innovative paper doll designs representing women in various careers and hobbies, emphasizing empowerment and diversity. Designed collaboratively by female members of OUTFRONT, the initiative aims to inspire and recognize the achievements of women. Chief Marketing Officer Jodi Senese highlights the campaign's purpose—blending whimsy with a serious message of female empowerment, displayed prominently across the country.

OUTFRONT Media reported significant revenue declines for Q4 and the full year 2020, largely attributed to the COVID-19 pandemic. Total revenues decreased 31.2% to $335.8 million for Q4 and 30.6% to $1,236.3 million for the full year. Operating income dropped to $39.5 million in Q4 from $98.0 million in 2019. The net income was $4.3 million, sharply down from $45.0 million in Q4 2019. Despite these challenges, the company expects a return to positive revenue growth in Q2 2021 as it laps pandemic impacts. It also suspended its quarterly dividend to maintain liquidity.