Outfront Media Inc Stock Price, News & Analysis

OUTFRONT Media Inc. (NYSE:OUT) has launched an out-of-home (OOH) advertising campaign for National Hispanic Heritage Month, celebrating 30 influential Hispanic and Latinx leaders. The campaign features personalized ads with the phrase "Spirit of Orgullo," showcasing vibrant designs representative of diverse cultures. Rolled out across major markets with significant Hispanic populations, the initiative aligns with OUTFRONT's commitment to diversity and inclusion. Jodi Senese, CMO, emphasized the company's goal to empower communities and promote authenticity.

OUTFRONT Media has declared a quarterly cash dividend of $0.10 per share on its common stock. This dividend is payable on September 30, 2021, to shareholders of record as of the close of business on September 3, 2021. The company, which specializes in advertising through billboards and transit media, continues to leverage technology to enhance consumer engagement. This announcement reinforces OUTFRONT's commitment to returning value to its shareholders.

OUTFRONT Media reported strong results for Q2 2021, with organic revenues up 53% to $341 million, significantly recovering from pandemic lows. Adjusted OIBDA surged to $70 million, a fivefold increase. Key drivers included a 52.4% increase in billboard revenues, while total operating expenses rose 23.1%. Although the net loss narrowed to $0.9 million from $57.9 million a year earlier, the company anticipates recovery trends to continue, projecting billboard revenues to exceed pre-pandemic levels by Q3. A common dividend is set to resume.

OUTFRONT Media announced that Matthew Siegel, Executive Vice President & Chief Financial Officer, will present at the 2021 Oppenheimer 24th Annual Technology, Internet & Communications Conference. The event is scheduled for August 9, 2021, at 4:35 p.m. Eastern Time. A live and replay audio webcast will be accessible on the investor relations section of the company's website. OUTFRONT Media leverages technology and creativity to connect brands with consumers through a diverse range of billboard and transit assets across North America.

OUTFRONT Media Inc. (NYSE: OUT) will announce its fiscal quarter results for June 30, 2021 on August 5, 2021, post-market close. The announcement will be accessible in the Investor Relations section of their website, www.OUTFRONTmedia.com.

A conference call to discuss the results is scheduled for the same day at 4:30 p.m. ET, available at 800-458-4121 (U.S.) and 323-794-2093 (International), passcode 5283729. Live and replay webcasts will also be available on their website.

OUTFRONT Media Inc. (NYSE:OUT) has appointed Neil Shapiro as the new VP, Head of Programmatic, aimed at enhancing the company's programmatic business and sales strategy. Shapiro, who has a robust background in programmatic sales from companies like Captivate and Shazam, will lead the strategy for impression-based selling across the organization. This leadership is expected to significantly improve OUTFRONT's engagement with digital agencies and brands, capitalizing on the growth of programmatic out-of-home advertising.

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.