Investing.com - Financial Markets Worldwide

Clear Channel Outdoor stock jumps after winning 10-year airport contract

Published 21/11/2025, 15:30
© Reuters.
CCO
2.19%
META
3.16%

Investing.com -- Clear Channel Outdoor Holdings Inc (NYSE:CCO) stock rose 2.3% in premarket trading Friday after the company announced it secured a new 10-year contract with the Metropolitan Washington Airports Authority (MWAA).

The agreement, which includes a five-year renewal option, allows Clear Channel to continue providing advertising services at Washington Reagan National Airport (DCA) and Washington Dulles International Airport (IAD) beginning March 1, 2026. This extends a partnership that began in 2016.

Under the new contract, Clear Channel will accelerate its digital strategy, committing to achieve 85% digital advertising coverage within two years. The company plans to introduce transparent digital LumiGlass, Prism360 digital columns, and more large format LED video walls.

"Washington D.C. is a vital crossroads for business, government, and culture, and we’re thrilled to extend our partnership with MWAA to bring even more innovation to DCA and IAD," said Morten Gotterup, president of Clear Channel Outdoor’s Airports Division.

The company noted that it has significantly increased airport media revenues since taking over the contract in 2016, growing by 30% pre-COVID and nearly doubling revenue compared to the previous concessionaire. The advertising program has attracted major global brands including Meta, Samsung and Barclaycard.

This announcement follows recently released Nielsen research commissioned by Clear Channel showing that airport advertising drives frequent flyers to more action post ad exposure, particularly relevant as TSA continues to screen record numbers of travelers.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.