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.
OUTFRONT Media (NYSE: OUT) has announced that Matthew Siegel, Executive Vice President and Chief Financial Officer, will be presenting at the Morgan Stanley Technology, Media & Telecom Conference. The presentation is scheduled for March 3, 2025 at 7:05 p.m. Eastern Time.
Investors and interested parties can access both the live presentation and replay through the audio webcast available on the investor relations section of OUTFRONT's website at www.outfront.com.
OUTFRONT Media (NYSE: OUT) reported Q4 2024 results with revenues of $493.2 million, down 1.6% year-over-year, while organic revenues increased 3.9%. The company posted net income of $74.0 million with earnings per diluted share of $0.43.
Key segment performance:
- Billboard revenues: $374.6M (+2.0%)
- Transit revenues: $116.5M (+9.1%)
Notable metrics include operating income of $111.1M, Adjusted OIBDA of $155.2M, and AFFO of $118.7M. The company declared a quarterly dividend of $0.30 per share, payable March 31, 2025. Total indebtedness stood at $2.5B with available liquidity of $494.5M under revolving credit facility and $46.9M in unrestricted cash.
OUTFRONT Media (NYSE: OUT) has announced a quarterly cash dividend of $0.30 per share on its common stock. The dividend will be paid on March 31, 2025, to shareholders who are recorded as stockholders at the close of business on March 7, 2025.
OUTFRONT Media (NYSE: OUT) has appointed Nick Brien as Interim Chief Executive Officer, effective February 10, 2025. Brien, who currently serves on the company's Board of Directors, brings extensive industry experience from leadership roles at major advertising companies including Publicis, Dentsu, McCann Worldgroup, and IPG Mediabrands.
The appointment follows the retirement of Jeremy Male, who previously led the transformation of CBS Outdoor Americas into OUTFRONT Media and its successful IPO. Michael Dominguez has been named Chairman of the Board as of February 10, 2025.
As Interim CEO, Brien will work with the executive team while being considered alongside other candidates for the permanent role. CFO Matthew Siegel will take on expanded operational responsibilities during this transition. Brien aims to focus on enhancing out-of-home advertising's effectiveness, accelerating technological evolution, and building on the company's foundation of creativity and innovation.
OUTFRONT Media (NYSE: OUT) announces its 2025 Black History Month initiatives, featuring collaborations with Artsy and Ad Age. The company continues its third consecutive partnership with Ad Age for the Celebrating Black Creative Excellence feature, which launched February 3rd. The program includes a special essay by OUTFRONT Senior Art Director Shannon Bergeron and a panel discussion with industry leaders scheduled for February 26th at OUTFRONT's headquarters.
The company is also expanding its Moments in Culture OOH campaign in partnership with Artsy, featuring a series titled 'Rising Artists from Black-Owned Galleries.' The campaign will showcase emerging Black artists' works across OUTFRONT's digital and static assets in major transit systems nationwide, including NYC (MTA), Miami (Brightline), and San Francisco (BART/Caltrain/VTA).
OUTFRONT Media (NYSE: OUT) has announced its upcoming earnings report schedule for the fourth quarter and full year 2024. The company will release its financial results on Tuesday, February 25, 2025, after market close.
A conference call to discuss the results is scheduled for the same day at 4:30 p.m. Eastern Time. Investors can participate using the following dial-in numbers:
- U.S. callers: 833-470-1428
- International callers: 404-975-4839
- Passcode: 989395
Both live and replay versions of the conference call will be accessible through the Investor Relations section of OUTFRONT's website at www.outfront.com, where the earnings announcement will also be posted.
OUTFRONT Media announced that Jeremy Male, Chairman and CEO, will present at Wells Fargo's 8th Annual TMT Summit on Tuesday, December 3, 2024, at 4:30 p.m. Eastern Time. The presentation will be accessible via live and replay audio webcast through the investor relations section of OUTFRONT's website at www.outfront.com.
OUTFRONT Media (NYSE: OUT) has partnered with The Farmlink Project to launch a nationwide digital billboard campaign addressing food insecurity during Thanksgiving. Running through December 6, the campaign highlights that '$1 = 17 lbs of food saved' and announces that December donations will be matched to provide 32 pounds of food per dollar. The initiative coincides with Farmlink's rebranding and aims to raise $100K in December. The Farmlink Project, which has delivered nearly 300 million pounds of food since its pandemic-era inception, continues its partnership with OUTFRONT that began in 2021.
OUTFRONT Media reported Q3 2024 results with revenues of $451.9 million, representing a slight decrease of 0.6% year-over-year. The company's U.S. Media segment showed strong performance with 5.3% revenue growth. Net income attributable to OUTFRONT Media increased 103.5% to $34.6 million, with earnings per share of $0.19. The company announced a special dividend of $0.75 per share, payable December 31, 2024. Billboard revenues decreased 0.8% to $360.6 million, while transit and other revenues slightly increased by 0.1% to $91.3 million. The company's Adjusted OIBDA reached $117.1 million, showing a modest increase of 0.2%.
OUTFRONT Media (NYSE: OUT) has declared a special dividend of $0.75 per share on its common stock, payable on December 31, 2024, to stockholders of record as of November 15, 2024. The dividend will be distributed as $0.30 per share ($49.8 million) in cash and $0.45 per share ($74.7 million) in common stock. Shareholders can elect to receive their dividend entirely in cash or stock, subject to the total cash distribution limit. A reverse stock split is planned for January 2025 to offset the dilutive impact of the stock portion.