OUTFRONT Media Inc. · NYSE:OUT
OUTFRONT Media — Q3 2026 Earnings Presentation
23 slides from OUTFRONT Media's earnings presentation, Nov 5, 2026
Slide 1: Third Quarter 2026
2026 Third Quarter November 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 3Q26
KEY FIGURES 3Q26 Metric Q3’26 Year-over-Year Consolidated Revenue $511 +9% Billboard Revenue $374 +6% Transit Revenue $135 +20% Consolidated Operating Income $103 +14% Consolidated Adjusted OIBDA $145 +6% Billboard Adjusted OIBDA $140 Flat Transit Adjusted OIBDA $29 +84% Consolidated Net Income(1) $
Slide 4: Revenues
REVENUES 9.3% $511.1 $467.5 $2.1 (8.7%) $2.3 20.4% $135.3 $112.4 $352.8 5.9% $373.7 Yr/Yr 3Q25 % Chg. 3Q26 Billboard Transit Other Total Revenues Notes: $ Millions unless otherwise stated. Numbers may not sum due to rounding. See Appendix for Non-GAAP reconciliations. 4
Slide 5: Billboard Revenues
BILLBOARD REVENUES $500.0 18.0% 33.0% 31.0% 5.9% $373.7 $400.0 $352.8 13.0% 12.8% $123.5 $300.0 $109.5 8.0% $200.0 2.8% $243.3 $250.2 3.0% $100.0 $0.0 -2.0% Yr/Yr 3Q25 % Chg. 3Q26 Static & Other Digital Total Digital as % of Billboard Revenue Notes: $ Millions unless otherwise stated. Numbers may no
Slide 6: Transit Revenues
TRANSIT REVENUES $180.0 $160.0 48.3% 18.0% $140.0 49.8% $135.3 20.4% $120.0 $112.4 13.0% $100.0 $65.3 $56.0 16.6% $80.0 8.0% $60.0 $40.0 24.1% 3.0% $70.0 $56.4 $20.0 $0.0 -2.0% Yr/Yr 3Q25 % Chg. 3Q26 Static & Other Digital Total Digital as % of Transit Revenue Notes: $ Millions unless otherwise stat
Slide 7: Digital Revenues
DIGITAL REVENUES 19.7% 18.0% $200.0 $188.8 19.4% 14.1% $165.5 $37.1 15.6% 13.0% $150.0 $32.1 $100.0 8.0% 13.7% $151.7 $133.4 $50.0 3.0% $0.0 -2.0% Yr/Yr 3Q25 % Chg. 3Q26 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 $0.8 million of billboard condemnations in the three months ended September 30, 2026, and $0.5 million of billboard condemnations in the three months ended September 30, 2025.
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. Property Lease & Other $120.0 $120.0 $100.0 $100.0 $80.0 Yr/Yr % Chg $80.0 $60.0 $117.9 $60.0 Yr/Yr $40.0 $110.5 6.7% % Chg $40.0 $20.0 $20.0 $39.3 (0.3%) $39.2 Adjusted OIBDA $0.0 $0.0 $200.0 3Q25 3Q26 3Q25 3Q26 $180.0 39.5% 37.3% $160.0 Yr/Y
Slide 11: Transit Expense & Adj. OIBDA
TRANSIT EXPENSE & ADJ. OIBDA Transit Posting, Maint. $100.0 Franchise $100.0 & Other $90.0 $90.0 $80.0 $80.0 $70.0 Yr/Yr $70.0 $60.0 % Chg $60.0 $50.0 Yr/Yr $50.0 $40.0 $60.1 7.8% $64.8 $40.0 $30.0 $30.0 % Chg Adjusted OIBDA 2.1% $20.0 $20.0 $10.0 $10.0 $18.9 $19.3 21.4% $0.0 $0.0 20.0 14.0% 15.0 3Q
Slide 12: Adjusted OIBDA
ADJUSTED OIBDA -% Notes: $ 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
CONSOLIDATED AFFO (1) $120.0 $13.4 ($5.3) ($0.9) ($1.2) ($1.1) $102.9 5.0% yr/yr $100.0 $98.0 Maintenance Capex Corporate Adjusted OIBDA Cash Taxes Billboard & Transit OIBDA Other $80.0 $60.0 $40.0 $20.0 $0.0 3Q25 3Q26 Notes: $ Millions unless otherwise stated. Numbers may not sum due to rounding. S
Slide 15: Balance Sheet
BALANCE SHEET Maturity Schedule September 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
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, Sep 30, Sep 30, Sep 30, (in millions) 2024 2024 2024 2025 2025 2025 2025 2026 2026 2026 2025 2026 Net income (loss) attributable to OUTFRONT Media Inc. 176.8 34.6 7
Slide 20: Trending Schedules
TRENDING SCHEDULES 2024 2025 2026 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 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 $511.1 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 $373.7 Static & Oth
Slide 21: Trending Schedules
TRENDING SCHEDULES 2024 2025 2026 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 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 $188.8 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 $123.5 Transit $32.1 $42.6 $
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