Record Revenue Growth
Clear Channel Outdoor Holdings reported a consolidated revenue of $405.6 million, marking an 8.1% year-over-year increase. This growth was driven by the Americas segment, which grew 5.9%, and the Airports segment, which grew 16.1%.
Strong Performance in Key Markets
Growth was noted in key markets such as New York and San Francisco, with significant contributions from digital and programmatic sales.
Successful International Divestitures
Completed international divestitures worth nearly $900 million, including the sale of the Spain business to Atres Media for approximately $135 million and the Brazil business for $15 million.
Debt Refinancing and Risk Reduction
Successfully refinanced $2.05 billion of senior secured notes, increasing the weighted average debt maturity to 4.8 years and maintaining flat annualized cash interest costs.
Positive Airport Advertising Impact
A Nielsen Scarborough study highlighted strong engagement with airport advertising, with 82% of frequent flyers reading ads and 57% taking action after viewing.