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. operates an out-of-home media business built around billboard and transit advertising displays. Company updates commonly cover revenue, OIBDA, AFFO, net income, SG&A trends and segment performance in its Billboard and Transit businesses, including yield, lost displays, condemnation proceeds and the role of programmatic and direct-sale platforms in digital billboard revenue.
News also includes common-stock dividend declarations, executive conference appearances and commercial partnerships tied to planning, buying, measuring and executing out-of-home campaigns. OUTFRONT describes a nationwide U.S. footprint across billboards, digital displays, transit systems and other out-of-home formats, supported by OUTFRONT STUDIOS, XLabs and advertising technology and data tools.
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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.
OUTFRONT Media Inc. (NYSE: OUT) has launched the call for entries for its third annual OUTFRAME contest, inviting artists to submit work based on the theme 'BE:CAUSE.' The contest aims to spotlight causes important to participants, with winning artwork displayed across OUTFRONT's media assets nationwide in December. The deadline for submissions is October 31. Judges include notable figures from advertising and creative industries. In addition, OUTFRONT will contribute a one-month digital campaign to a charity selected by the contest winner.