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 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.
OUTFRONT Media (NYSE: OUT) has rescheduled its 2024 third quarter financial results announcement. The company will now release its results for the quarter ended September 30, 2024, before market opens on Tuesday, November 12, 2024. A conference call to discuss the results will be held the same day at 8:30 a.m. Eastern Time. Investors can access the call using 833-470-1428 (U.S.) or 404-975-4839 (International) with passcode 482452. Both live and replay versions of the call will be available on the company's website.
OUTFRONT Media Inc. (NYSE: OUT) has announced its plans to report financial results for the third quarter of 2024, which ended on September 30, 2024. The company will release its earnings report after the market closes on Tuesday, November 5, 2024. Following the release, OUTFRONT Media will host a conference call at 4:30 p.m. Eastern Time on the same day to discuss the results.
Investors and interested parties can access the earnings announcement in the Investor Relations section of OUTFRONT Media's website, www.outfront.com. For those wishing to participate in the conference call, the dial-in numbers are 833-470-1428 for U.S. callers and 404-975-4839 for international callers, with the passcode 482452. Additionally, live and replay versions of the conference call will be available via webcast on the company's website.
OUTFRONT Media (NYSE: OUT) has partnered with MaleRoom Founder Mindie Kaplan and Imerman Angels to launch the Million Mammogram Challenge for Breast Cancer Awareness Month. The campaign, starting October 1, 2024, aims to change the narrative around early detection and encourage women to schedule and share their mammogram dates.
The initiative features a nationwide OOH campaign, including billboards in major cities and New York's MTA transit system. The creative, designed by OUTFRONT Studios, showcases Kaplan with the headline "Cancer Isn't the Star of My Story." The campaign will be amplified through social media channels and supported by events, including a Times Square kickoff and an industry panel discussion at Advertising Week in New York.
Additional support includes a special episode of Kaplan's "MaleRoom" podcast and a short-form documentary in development. The campaign aims to normalize discussions around breast cancer surgery and dating, creating awareness and empowering women to embrace their transformed bodies.
OUTFRONT Media (NYSE:OUT) has appointed Scott Felenstein as Senior Vice President of Brand Partnerships. With over 30 years of experience in advertising, digital media, and sales management, Felenstein joins from National CineMedia (NCM), where he was President of Sales, Marketing & Partnerships. In his new role, he will lead OUTFRONT's brand partnership strategy, focusing on expanding collaborations, driving growth across digital out of home (DOOH) platforms, and strengthening client relationships.
Felenstein's career includes 17 years at Discovery Communications, Inc., where he served as Executive Vice President of National Advertising Sales. He has also held positions at Excite@Home, CBS Sports, and agencies Ogilvy and Mather and Bozell. Clive Punter, Chief Revenue Officer of OUTFRONT Media, praised Felenstein's leadership and industry understanding, stating his experience will be pivotal in advancing the company's Brand Partnerships.
Women's Wear Daily (WWD) has launched a high-impact campaign for National Hispanic Heritage Month in partnership with OUTFRONT Media (OUT). The month-long initiative showcases 10 influential Hispanic fashion designers, aligning with the 2024 theme 'Pioneers of Change: Shaping the Future Together'.
The campaign features prominent outdoor media displays across the United States, highlighting the talent and creativity of Hispanic designers. WWD's special Digital Daily issue introduces the selected designers, who represent innovation and leadership in the fashion industry.
This collaboration aims to celebrate diversity, inspire future generations, and amplify the voices of Hispanic creatives who are making significant contributions to the fashion world and their communities.