Clear Channel Outdoor unveils growth strategy, aims to reduce leverage

NEW YORK - Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), a $681 million market cap outdoor advertising company, outlined its strategic vision and long-term financial goals at its Investor Day in New York City on Tuesday, focusing on its transformation into a U.S.-focused out-of-home advertising business. The company’s stock has shown strong momentum, gaining over 8% in the past week, according to InvestingPro data.

The company presented a four-pillar growth strategy centered on customer centricity, technology capabilities expansion, sales execution improvement, and balance sheet strengthening. With a current total debt to capital ratio of 90% and InvestingPro analysis indicating significant debt burden, Clear Channel aims to lower its net leverage ratio to between 7x and 8x by year-end 2028.

"The Company is at a key inflection point. Our transformation over the past few years is creating a U.S. visual media powerhouse," said Scott Wells, Chief Executive Officer of Clear Channel Outdoor Holdings.

The company reiterated its 2025 guidance, projecting consolidated revenue between $1.57 billion and $1.60 billion and adjusted EBITDA between $490 million and $505 million.

Looking further ahead, Clear Channel set financial goals for 2025-2028, including a compound annual growth rate of 4% to 5% for consolidated revenue and 6% to 8% for adjusted EBITDA. The company also targets approximately $1 billion in net debt reduction from year-end 2024.

Chief Financial Officer David Sailer emphasized the company’s financial roadmap, stating, "We are powering our cash flow flywheel and expect it will enable us to increase our Adjusted EBITDA between 6% to 8% annually through 2028."

Clear Channel’s strategy includes expanding premium digital displays, scaling programmatic buying, and leveraging its RADAR analytics platform to deliver measurable advertising campaigns.

The information presented is based on a company press release statement.

In other recent news, Clear Channel Outdoor Holdings Inc. announced its second-quarter 2025 earnings, reporting a revenue of $402.8 million, which exceeded the forecast of $397.37 million. The company also posted an earnings per share of $0.0127, surpassing the predicted loss of $0.0519, marking a notable surprise. Additionally, Clear Channel has entered into a definitive agreement to sell its business in Spain to Atresmedia Corporación de Medios de Comunicación for approximately €115 million ($135 million). This transaction is expected to close by early 2026, pending regulatory approval, and marks the final step in the company’s divestiture of its European operations. Clear Channel plans to use the net proceeds from this sale to reduce its outstanding debt. These developments reflect the company’s ongoing strategic adjustments and financial performance.

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