Clear Channel Outdoor stock hits 52-week low at $1.09

Clear Channel Outdoor Holdings Inc . (NYSE:CCO) stock has reached a new 52-week low, trading at $1.09. According to InvestingPro data, the company operates with a significant debt burden of $7.02 billion and shows high stock price volatility. This latest price point underscores a challenging period for the outdoor advertising company, which has seen its stock value decline significantly over the past year. The 1-year change data for Clear Channel Outdoor Holdings Inc. reflects a steep decrease of -33.03%, despite revenue growth of 4.95%. InvestingPro analysis indicates the company’s current Fair Value suggests slight undervaluation, though analysts don’t expect profitability this year. Investors are closely monitoring the stock for signs of a turnaround or further decline as the company navigates through the evolving advertising landscape. Get detailed insights and 8 additional ProTips with a subscription to InvestingPro.

In other recent news, Clear Channel Outdoor Holdings Inc. reported its financial results for the fourth quarter of 2024, revealing a miss in both earnings per share (EPS) and revenue against market expectations. The company posted an EPS of -$0.0365, falling short of the forecasted $0.02, while revenue reached $427 million, below the anticipated $646.83 million. Despite a 2.6% increase in consolidated revenue year-over-year, Clear Channel faced challenges in meeting EPS expectations, which impacted investor sentiment. Additionally, Clear Channel has obtained regulatory clearances to proceed with the sale of its Europe-North advertising segment to Bauer Radio Limited, part of Bauer Media Group, with the transaction expected to close by March 31, 2025.

The company is focusing on divesting international businesses to concentrate on higher-margin U.S. operations, with digital revenue now constituting 39.5% of Americas revenue, marking a 7.6% increase. Clear Channel’s full-year 2024 revenue was reported at $1.505 billion, a 5% increase from the previous year, with adjusted EBITDA for Q4 at $145 million, a 2.5% increase. Analyst firms have not issued any recent upgrades or downgrades for Clear Channel, but the company’s strategic focus remains on expanding its digital footprint and enhancing data analytics capabilities. These developments are part of Clear Channel’s broader strategy to optimize its portfolio and focus on growth in its most profitable segments.

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