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.
Outfront Media Inc (OUT) is a leading real estate investment trust specializing in out-of-home advertising, offering investors and industry professionals timely updates on its market activities. This page serves as a centralized hub for official announcements, financial disclosures, and strategic developments impacting the company’s position in the advertising sector.
Access curated press releases covering quarterly earnings, new partnerships, technological advancements in digital displays, and portfolio expansions. Investors will find essential updates on dividend declarations, capital allocation strategies, and operational milestones that shape OUT’s performance in the REIT landscape.
Discover insights into Outfront Media’s innovations in programmatic advertising platforms, transit advertising contracts, and sustainability initiatives. Content is organized to help users efficiently track regulatory filings, leadership changes, and market expansion efforts across major urban centers.
Bookmark this page for direct access to verified information from Outfront Media and third-party analyses. Check regularly to stay informed on evolving trends in outdoor advertising and the company’s role in shaping industry standards through data-driven solutions.
OUTFRONT Media Inc. (NYSE:OUT) has promoted Max Siegelman to Head of Cultural Relevance, expanding his role beyond social media to include innovative strategies that connect traditional out-of-home (OOH) advertising with digital platforms. This initiative aims to enhance brand presence through social media amplification and innovative technologies such as NFTs and QR codes. The company positions this move as a transition from OOH 2.0 to OOH 3.0, emphasizing limitless possibilities for engagement. OUTFRONT continues to leverage technology and creativity in the OOH advertising space.
OUTFRONT Media Inc. (NYSE: OUT) will announce its financial results for the fiscal year and quarter ended December 31, 2021, on February 23, 2022, after market close. Investors can access the announcement on the Company's website. A conference call is scheduled for the same day at 4:30 p.m. ET, with call-in numbers for U.S. (800-458-4121) and international (929-477-0324) participants. OUTFRONT Media connects brands with consumers using diverse billboard and advertising assets throughout North America.
OUTFRONT Media has acquired 29 digital and 87 static advertising faces from Grand Rapids Outdoor, enhancing its presence in Grand Rapids and Detroit. This acquisition, primarily in the fast-growing Grand Rapids area, boosts OUTFRONT's portfolio, providing advertisers with improved access to a burgeoning consumer base. CEO Jeremy Male highlighted the strategic importance of this move, stating it complements OUTFRONT's coverage in Michigan's second-largest market. The addition of these digital displays will offer unprecedented exposure for clients targeting this dynamic region.
OUTFRONT Media Inc. (NYSE:OUT) has announced Valentina Elegante as the winner of the 2021 OUTFRAME art competition for her work "UP2U," which focuses on food insecurity. This marks the second consecutive win for Direct Agents. The artwork will be featured on digital billboards nationwide for two weeks. In support of combating food insecurity, OUTFRONT is donating a month of advertising space to a charity chosen by Elegante. The runner-up is Eno Laget for his piece honoring civil rights activist John Lewis.
OUTFRONT Media Inc. (NYSE:OUT) announced the appointment of Stephan Bisson as Vice President of Investor Relations, effective November 15, 2021. Bisson brings over thirteen years of experience as an equity research analyst, with specialization in the out-of-home advertising sector. He previously served as Senior Vice President at Loop Capital and Vice President at Wolfe Research, with ten years at Wells Fargo's TMT equity research team. The company aims to leverage technology and creativity to enhance advertising engagement in North America.
OUTFRONT Media reported a strong recovery for Q3 2021, achieving a 41.4% revenue growth year-over-year, totaling $399.2 million. Billboard revenue surged to $317.4 million (+32.3%), while transit revenue soared 92.9% to $81.8 million. Net income reached $33.1 million compared to a loss of $13.5 million in Q3 2020. Adjusted OIBDA increased 82.0% to $108.1 million. The company anticipates continued improvement in advertising demand as urban centers recover from the pandemic. Liquidity is strong, with $510.3 million in cash and $496.0 million available under its credit facility.
OUTFRONT Media Inc. has declared a quarterly cash dividend of $0.10 per share. This payment will be made on December 31, 2021, to shareholders on record by the close of business on December 3, 2021. The dividend reflects the company's ongoing commitment to return value to its shareholders.
OUTFRONT Media Inc. (NYSE: OUT) will report its fiscal quarter results for September 30, 2021, on November 4, 2021, after market close. Investors can access the earnings announcement on the company's website. A conference call to discuss the results will occur on the same day at 4:30 p.m. ET, with access numbers provided for U.S. and international callers. The call will be webcast live and available for replay. As a leader in out-of-home advertising, OUTFRONT Media connects brands with consumers through various advertising assets across North America.
OUTFRONT Media Inc. (NYSE: OUT) has announced that Matthew Siegel, Executive Vice President and Chief Financial Officer, will present at the 2021 Deutsche Bank's 29th Annual Leveraged Finance Conference on October 4, 2021, at 3:15 p.m. Eastern Time. The event will feature a live and replay audio webcast available on the Company's investor relations website, www.OUTFRONTmedia.com. This engagement highlights OUTFRONT's ongoing commitment to enhancing investor relations.
FAQ
What is the current stock price of Outfront Media (OUT)?
What is the market cap of Outfront Media (OUT)?
