Outfront Media Inc. · NYSE:OUT
Outfront Media — Q2 2026 Earnings Presentation
23 slides from Outfront Media's earnings presentation, Aug 5, 2026
Slide 1: Second Quarter 2026
2026 Second Quarter August 5, 2026
Slide 2: Safe Harbor Disclaimer
SAFE HARBOR DISCLAIMER Cautionary Statement Regarding Forward-Looking Statements We have made statements in this document that are forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. You can identify forward-lo
Slide 3: Key Figures 2Q26
KEY FIGURES 2Q26 Metric Q2’26 Year-over-Year Consolidated Revenue $523 +14% Billboard Revenue $379 +8% Transit Revenue $141 +32% Consolidated Operating Income $116 +107% Consolidated Adjusted OIBDA $160 +29% Billboard Adjusted OIBDA $148 +10% Transit Adjusted OIBDA $33 $26 Consolidated Net Income $7
Slide 4: Revenues
REVENUES Items Affecting Comparability LA Billboard Contract Billboard Revenue Q2’26: $0.0 million Q2’25: $4.5 million Notes: $ Millions unless otherwise stated. Numbers may not sum due to rounding. See Appendix for Non-GAAP reconciliations. 4
Slide 5: Billboard Revenues
$600.0 BILLBOARD REVENUES 23.0% $500.0 18.0% 33.2% 30.5% $400.0 8.0% $379.4 Items Affecting Comparability $351.3 LA 13.0% Billboard Contract $126.1 Static/Digital Billboard Revenue $300.0 $107.2 17.6% Q2’26: $0.0/$0.0 million 8.0%Q2’25: $1.2/$3.3 million $200.0 3.8% $244.1 $253.3 3.0% $100.0 $0.0 -2
Slide 6: Transit Revenues
TRANSIT REVENUES 23.0% $180.0 $160.0 48.1% 18.0% 32.3% $140.6 $140.0 46.9% $120.0 $106.3 35.5% 13.0% $67.6 $100.0 $80.0 $49.9 8.0% $60.0 $40.0 29.4% 3.0% $73.0 $56.4 $20.0 $0.0 -2.0% Yr/Yr 2Q25 % Chg. 2Q26 Static & Other Digital Total Digital as % of Transit Revenue Notes: $ Millions unless otherwis
Slide 7: Digital Revenues
DIGITAL REVENUES 19.7% 18.0% $200.0 $193.7 16.5% 23.3% $38.2 $157.1 47.7% 13.0% $150.0 $25.9 $100.0 8.0% 18.5% $155.5 $131.2 $50.0 3.0% $0.0 -2.0% Yr/Yr 2Q25 % Chg. 2Q26 Direct Automated Total Automated as % of Digital Revenues Notes: $ Millions unless otherwise stated. Numbers may not sum due to ro
Slide 8: Enterprise & Commercial
ENTERPRISE & COMMERCIAL Notes: Prior period presentation conforms to current reporting classifications. Commercial includes $0.5 million of billboard condemnations in the three months ended June 30, 2026, and $1.9 of billboard condemnations million in the three months ended June 30, 2025. $ Millions
Slide 9: Billboard Yield
BILLBOARD YIELD Notes: Yield defined as reported revenue per average display per month for the quarter. Numbers may not sum due to rounding. See Appendix for Non-GAAP reconciliations. 9
Slide 10: Billboard Expense & Adj. OIBDA
BILLBOARD EXPENSE & ADJ. OIBDA Billboard Posting, Maint. Adjusted OIBDA Property Lease & Other $200.0 $120.0 $120.0 $180.0 38.3% 39.0% $100.0 $100.0 $160.0 Yr/Yr Yr/Yr $140.0 $80.0 % Chg $80.0 $120.0 % Chg Yr/Yr $100.0 $60.0 $60.0 $111.8 5.4% $117.8 $80.0 10.0% $40.0 $40.0 % Chg $60.0 $134.4 $147.9
Slide 11: Transit Expense & Adj. OIBDA
TRANSIT EXPENSE & ADJ. OIBDA Transit Franchise Posting, Maint. & $100.0 $100.0 Other $90.0 $90.0 $80.0 $80.0 $70.0 Yr/Yr $70.0 $60.0 % Chg $60.0 Yr/Yr $50.0 $50.0 $40.0 $62.8 5.7% $66.4 Adjusted OIBDA $40.0 $30.0 $30.0 % Chg 12.1% $20.0 $20.0 $10.0 $10.0 $18.2 $20.4 20.0 23.6% $0.0 $0.0 15.0 2Q25 2Q
Slide 12: Adjusted OIBDA
ADJUSTED OIBDA -% Notes: N/M: Not meaningful. $ Millions unless otherwise stated. Numbers may not sum due to rounding. See Appendix for Non- GAAP reconciliations. 12
Slide 13: Capital Expenditures
CAPITAL EXPENDITURES Notes: $ Millions unless otherwise stated. Numbers may not sum due to rounding. 13
Slide 14: Consolidated AFFO
$140.0 CONSOLIDATED AFFO (1) $39.5 ($3.3) ($0.4) $1.4 $0.5 $120.8 45.4% yr/yr $120.0 Cash Taxes Maintenance Capex Corporate Adjusted OIBDA Other $100.0 $83.1 $80.0 Billboard & Transit OIBDA $60.0 $40.0 $20.0 $0.0 2Q25 2Q26 Notes: $ Millions unless otherwise stated. Numbers may not sum due to roundin
Slide 15: Balance Sheet
BALANCE SHEET Maturity Schedule June 30, 2026 $1,000 $900 $800 $495 $700 $600 $500 $400 $300 $500 $500 $450 $500 $500 $200 $100 $50 $100 $0 2031 2027 2032 2033 2028 2026 2029 2034 2030 Senior Unsecured Notes Senior Secured Notes Senior Secured Term Loan AR Facility (Drawn) AR Facility Revolving Cred
Slide 16: Appendix
Appendix 16
Slide 17: Non-GAAP Reconciliations
NON-GAAP RECONCILIATIONS Non-GAAP Financial Measures In addition to the results prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) provided throughout this document, this document and the accompanying tables include non-GAAP financial measures as descr
Slide 18: Non-GAAP Reconciliations
NON-GAAP RECONCILIATIONS 18
Slide 19: Non-GAAP Reconciliations
NON-GAAP RECONCILIATIONS Three Months Ended Twelve Months Ended Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Jun 30, Jun 30, (in millions) 2024 2024 2024 2025 2025 2025 2025 2026 2026 2025 2026 Net income (loss) attributable to OUTFRONT Media Inc. $ 176.8 $ 34.6 $ 74.0 $ (
Slide 20: Trending Schedules
TRENDING SCHEDULES 2024 2025 2026 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Total Revenues $408.5 $477.3 $451.9 $493.2 $1,830.9 $390.7 $460.2 $467.5 $513.3 $1,831.7 $429.6 $522.5 Billboard $313.9 $360.2 $360.6 $374.6 $1,409.3 $310.7 $351.3 $352.8 $376.6 $1,391.4 $332.9 $379.4 Static & Other $226.3 $248.0
Slide 21: Trending Schedules
TRENDING SCHEDULES 2024 2025 2026 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Digital Revenues $119.7 $154.8 $147.7 $179.5 $601.7 $127.9 $157.1 $165.5 $198.6 $649.1 $142.6 $193.7 Billboard $87.6 $112.2 $111.1 $126.0 $436.9 $92.3 $107.2 $109.5 $125.3 $434.3 $97.9 $126.1 Transit $32.1 $42.6 $36.6 $53.5 $164.8
Slide 22: Notes to Appendix
NOTES TO APPENDIX NOTES TO EXHIBITS PRIOR PERIOD PRESENTATION CONFORMS TO CURRENT REPORTING CLASSIFICATIONS. (a) Impairment charge related to our Transit reporting unit and New York Metropolitan Transportation Authority asset group. (b) Income tax effect related to Restructuring charges in 2025 and
Slide 23: About OUTFRONT Media Inc.
About OUTFRONT Media Inc. OUTFRONT is one of the largest and most trusted out - of - home media companies in the U.S., helping brands connect with audiences in the moments and environments that matter most. As OUTFRONT evolves, it’s defining a new era of in - real - life (IRL) marketing, turning pub