Outfront Media Inc ( (OUT) ) has released its Q4 earnings. Here is a breakdown of the information Outfront Media Inc presented to its investors.
OUTFRONT Media Inc. is a leading company in the outdoor advertising industry, specializing in billboard and transit advertising across the United States. The company leverages technology and creative solutions to connect brands with consumers on the go.
OUTFRONT Media Inc. reported its fourth quarter and full-year 2024 financial results, showcasing a slight revenue decline for the quarter but an overall positive performance for the year. The company saw its adjusted funds from operations (AFFO) surpass expectations, reflecting strong operational efficiency and strategic management.
Key financial highlights include fourth-quarter revenues of $493.2 million, a 1.6% decrease from the previous year, while organic revenues increased by 3.9%. The company’s operating income stood at $111.1 million, with a net income of $74.0 million, translating to $0.43 earnings per diluted share. The billboard segment saw a 2.0% revenue increase, while the transit segment experienced a significant 9.1% revenue growth, driven by higher average revenue per display.
For the full year 2024, OUTFRONT Media reported revenues of $1,830.9 million, a 0.6% increase from 2023. The company’s adjusted OIBDA rose by 1.9% to $464.8 million, reflecting improved operational performance. The company also announced a quarterly dividend of $0.30 per share, indicating a commitment to returning value to shareholders.
Looking ahead, OUTFRONT Media’s management remains optimistic about 2025, focusing on leveraging its technology platform and expanding its advertising reach. The company aims to continue its growth trajectory by enhancing its digital offerings and optimizing its asset portfolio.