U.S. stocks fall as Waller news weighs; Apple adds to gains
SAN ANTONIO - On Tuesday, Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) reported second-quarter revenue that exceeded analyst expectations, driven by strong performance in its Airports segment and continued digital transformation efforts.
The company’s shares surged 4.55% in after hours trading following the announcement.
The out-of-home advertising company posted Q2 revenue of $402.81 million, beating the consensus estimate of $397.37 million. Revenue increased 7.0% YoY, with the Airports segment showing particularly impressive growth of 15.6%. The company reported income from continuing operations of $6.33 million, compared to a loss of $25.41 million in the same period last year. Adjusted EBITDA rose 7.7% to $128.56 million.
"We delivered solid financial results within our guidance range during the second quarter, while making good progress executing on our strategic plan," said Scott Wells, CEO of Clear Channel Outdoor Holdings. "Our outlook remains positive for the second half of the year, attesting to the strength of out-of-home advertising and our leadership in driving the digital transformation of our industry."
Digital revenue showed strong growth across segments, with America’s digital revenue increasing 11.1% to $113.8 million and Airports’ digital revenue jumping 31.5% to $63.5 million. The company also made progress on debt management, repurchasing $229.7 million of outstanding senior notes during the quarter and refinancing approximately 40% of its debt maturities after the quarter ended.
Looking ahead, Clear Channel Outdoor raised its guidance, projecting Q3 2025 revenue between $395-410 million, above the consensus of $392.9 million. For the full year 2025, the company expects revenue of $1.57-1.60 billion, compared to analyst expectations of $1.569 billion.
The company also noted that nearly 90% of its Q3 2025 revenue guidance is already under contract, positioning it well for continued growth in the second half of the year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.