Business
Clear Channel Outdoor Holdings, Inc. Reports Results for the First Quarter of 2025
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today reported financial results for the quarter ended March 31, 2025.
About this update from Clear Channel Outdoor Holdings, Inc.
[{"type":"text","content":"SAN ANTONIO, May 1, 2025 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today reported financial results for the quarter ended March 31, 2025.","length":191,"tagName":"p"},{"type":"text","content":""Our first quarter consolidated revenue increased 2.2%, in line with our guidance, reflecting growth from our America and Airports segments," said Scott Wells, Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. "We are seeing healthy demand across the majority of our markets in the current quarter and have now booked the majority of our 2025 revenue guidance for the year, with a solid pipeline of business in place. The investments we have made in our technology and sales force allow us to benefit from a more diverse revenue profile and have expanded the number of ways we have to grow our business.","length":632,"tagName":"p"},{"type":"text","content":""We continue to make progress executing our strategic roadmap and are excited about our transition to a U.S.-focused business. Now that the majority of our international asset sales have closed, we believe that we have improved our financial resiliency and reduced our operational risk considerably. We have begun reducing debt, resulting in meaningful decreases in interest expense, and expect to continue to focus on the most advantageous debt in our capital structure, as permitted under our debt agreements. Additionally, we have successfully eliminated approximately $35 million in annual corporate expenses and expect to achieve further reductions in the future.","length":673,"tagName":"p"},{"type":"text","content":""Going forward, we are focused on elevating the performance of our higher-margin U.S. assets. We are a leader in the innovation and digital transformation of our industry, and our ability to reach and target audiences on the move is strengthening. On top of our progress in streamlining our business and reducing debt, we remain on track with regard to our annual guidance and expect to deliver growth in our consolidated revenues and cash flow in the year ahead, with significant compound growth in AFFO."","length":516,"tagName":"p"},{"type":"text","content":"Financial Highlights:","length":21,"tagName":"p","attribs":{}},{"type":"text","content":"Financial highlights for the first quarter of...