Clear Channel Outdoor (CCO) AI Stock Analysis

• Market Cap: $661.03M
• Dividend Yield: N/A
• Average Volume (3M): 3.57M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.35
• Revenue Growth: -21.67%
• EPS Growth: 81.70%
• Country: US
• Employees: 4,100
• Sector: Communication Services
• Sector Strength: 96
• Industry: Advertising Agencies
• EPS (TTM): 0.01
• Shares Outstanding: 497,012,820
• 10 Day Avg. Volume: 3,038,674
• 30 Day Avg. Volume: 3,567,482
• PEG Ratio: 0.09
• Price to Book (P/B): -0.18
• Price to Sales (P/S): 0.45
• P/FCF Ratio: -10.69
• Enterprise Value/Market Cap: 10.41
• Enterprise Value/Revenue: 4.00
• Enterprise Value/Gross Profit: 8.54
• Enterprise Value/Ebitda: 13.45
• 1Y Price Target: $1.51
• Price Target Upside: 13.53% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 6

• Rating: 54 Neutral
• Price Target: $1.50 ▲(12.78% Upside)

Clear Channel Outdoor's overall stock score is driven by significant financial challenges, including high debt levels and negative equity. However, positive technical indicators and strategic corporate actions, such as debt refinancing and asset sales, provide some optimism. The earnings call further supports a positive outlook with strong revenue growth in key segments.

Positive Factors

Revenue Growth

The 7% YoY revenue growth indicates strong demand and effective sales strategies, particularly in digital and local sales, supporting long-term growth.

Debt Refinancing

Refinancing extends debt maturities and reduces interest costs, improving financial flexibility and supporting long-term financial health.

Strategic Divestiture

Divesting non-core assets allows CCO to focus on strategic markets, reduce debt, and streamline operations, enhancing long-term profitability.

Negative Factors

High Debt Levels

High debt levels and negative equity indicate financial instability, which can limit growth opportunities and increase financial risk.

Static Revenue Challenges

Lagging static revenue growth suggests challenges in traditional advertising, potentially impacting overall revenue diversification and growth.

Geographical Performance Disparities

Regional performance disparities can hinder overall growth and market penetration, requiring strategic adjustments to address these challenges.

Clear Channel Outdoor Business Overview & Revenue Model

Company Description

Clear Channel Outdoor Holdings, Inc. owns, operates, and sells advertising displays in the United States and internationally. It operates through two segments, Americas and Europe. The company offers advertising services through billboards, including bulletins and posters; transit displays, which are advertising surfaces on various types of vehicles or within transit systems; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, freestanding units, and other public structures; spectaculars, which are customized display structures that incorporate videos, multidimensional lettering and figures, mechanical devices and moving parts, and other embellishments; wallscape, a display that drapes over or is suspended from the sides of buildings or other structures. It also provides street furniture equipment, cleaning and maintenance services, operation of public bike programs, and production services; and a public bicycle rental program, which offers bicycles for rent to the general public in various municipalities. As of December 31, 2021, it owned or operated approximately 69,000 advertising displays in the Americas; and 430,000 advertising displays in Europe. The company was formerly known as Eller Media Company and changed its name to Clear Channel Outdoor Holdings, Inc. in August 2005. Clear Channel Outdoor Holdings, Inc. was founded in 1901 and is headquartered in San Antonio, Texas.

How the Company Makes Money

Clear Channel Outdoor generates revenue primarily through leasing advertising space on its outdoor displays, which include billboards, transit posters, and other outdoor formats. The company earns money by charging advertisers for the time their ads are displayed, with pricing based on factors such as location, visibility, and audience reach. Additional revenue streams include digital advertising, where advertisers can display dynamic content and benefit from real-time advertising capabilities. CCO also engages in partnerships with municipalities and transit authorities, allowing it to manage and monetize advertising space in public transportation systems and urban environments. These strategic partnerships enhance its revenue potential by providing access to high-traffic areas and diverse audiences.

Clear Channel Outdoor Financial Statement Overview

Summary

Clear Channel Outdoor faces significant financial challenges, with declining revenues and profitability issues. The high debt levels and negative equity indicate financial instability, while cash flow improvements are overshadowed by persistent negative free cash flow. The company needs to address its leverage and improve operational efficiency to enhance financial health.

Income Statement

Clear Channel Outdoor's income statement shows a declining revenue trend with a significant drop in the TTM period. The gross profit margin is relatively stable, but the net profit margin is low, indicating challenges in converting revenue into profit. The EBIT and EBITDA margins are moderate, suggesting some operational efficiency, but the overall profitability is weak.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio due to negative equity, highlighting financial instability. The return on equity is negative, reflecting poor profitability relative to shareholder investment. The equity ratio is also negative, indicating a high reliance on debt financing, which poses a risk to financial stability.

Cash Flow

Cash flow analysis shows a significant improvement in free cash flow growth in the TTM period, but the free cash flow remains negative. The operating cash flow to net income ratio is low, indicating challenges in generating cash from operations. The free cash flow to net income ratio is positive, suggesting some ability to cover net income with free cash flow, but overall cash flow health is weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.72B	1.51B	2.13B	2.48B	2.24B	1.85B
Gross Profit	806.23M	824.65M	1.03B	1.15B	970.86M	653.40M
EBITDA	511.89M	442.41M	488.94M	450.74M	497.64M	319.04M
Net Income	22.74M	-179.25M	-310.92M	-94.39M	-433.12M	-600.23M
Balance Sheet
Total Assets	3.77B	4.80B	4.72B	5.09B	5.30B	5.76B
Cash, Cash Equivalents and Short-Term Investments	138.57M	109.71M	251.65M	286.78M	410.77M	785.31M
Total Debt	6.43B	7.02B	7.17B	7.13B	7.23B	7.26B
Total Liabilities	7.17B	8.44B	8.17B	8.35B	8.49B	8.54B
Stockholders Equity	-3.40B	-3.64B	-3.46B	-3.26B	-3.19B	-2.78B
Cash Flow
Free Cash Flow	-46.60M	-62.65M	-147.48M	-44.69M	-281.50M	-261.97M
Operating Cash Flow	86.04M	79.75M	31.25M	139.99M	-133.50M	-137.81M
Investing Cash Flow	452.18M	-155.94M	-119.57M	-221.70M	-152.70M	94.52M
Financing Cash Flow	-587.75M	-8.18M	45.64M	-32.72M	-85.24M	418.28M

Clear Channel Outdoor Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.33
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CCO, the sentiment is Positive. The current price of 1.33 is above the 20-day moving average (MA) of 1.27, above the 50-day MA of 1.20, and above the 200-day MA of 1.24, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 57.27 is Neutral, neither overbought nor oversold. The STOCH value of 39.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CCO.

Clear Channel Outdoor Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NEXN	71 Outperform	$656.07M	12.71	9.91%	―	9.65%	―
DLX	71 Outperform	$889.18M	14.89	9.20%	6.12%	-1.92%	49.63%
EEX	61 Neutral	$999.76M	121.55	1.98%	1.21%	9.96%	―
Sector *	60 Neutral	$47.27B	4.55	-11.27%	4.14%	1.88%	-40.90%
CCO	54 Neutral	$661.03M	―	4.92%	―	-21.67%	81.70%
ADV	51 Neutral	$619.30M	―	-36.12%	―	-10.21%	-81.84%
NCMI	50 Neutral	$443.25M	―	-5.50%	1.90%	13.34%	-107.92%

Clear Channel Outdoor Corporate Events

Clear Channel Outdoor Unveils 2028 Growth Strategy

On September 9, 2025, Clear Channel Outdoor Holdings, Inc. held an Investor Day in New York City, where it reiterated its 2025 guidance and unveiled its growth strategy and financial goals for 2028. The company aims to leverage its streamlined U.S.-focused operations to capture growth opportunities, enhance its balance sheet, and achieve sustainable top-line growth and margin expansion. The strategy is built on four pillars: customer centricity, technology acceleration, sales execution, and balance sheet strengthening, with a focus on reducing net leverage to 7x to 8x by 2028. The announcement highlights Clear Channel’s commitment to driving shareholder value and positioning itself as a powerhouse in the visual media sector.

Clear Channel Outdoor Sells Spanish Business for $135M

On September 8, 2025, Clear Channel Outdoor Holdings, Inc. announced an agreement to sell its Spanish business to Atresmedia Corporación de Medios de Comunicación, S.A. for approximately USD 135 million. This sale marks the completion of Clear Channel’s divestiture of its European businesses, allowing the company to focus on its America and Airports segments while reducing outstanding debt. The transaction is expected to close by early 2026, pending regulatory approval.

Clear Channel Outdoor Completes Major Debt Refinancing

On August 4, 2025, Clear Channel Outdoor Holdings, Inc. completed the sale of $1,150 million in 7.125% Senior Secured Notes due 2031 and $900 million in 7.500% Senior Secured Notes due 2033 through a private placement. These notes, guaranteed by the company’s subsidiaries, are intended to refinance existing debt, including the redemption of 5.125% and 9.000% senior secured notes due in 2027 and 2028, respectively. The issuance aims to optimize the company’s capital structure by replacing higher-cost debt, potentially improving financial flexibility and positioning in the market.

Clear Channel Outdoor Announces New Employment Agreement

On July 22, 2025, Clear Channel Outdoor Holdings, Inc. announced a second amended and restated employment agreement with Lynn Feldman, effective August 1, 2025. This agreement, which extends Feldman’s tenure until July 31, 2028, includes a base salary of $750,000, an annual performance bonus, and equity incentives. The agreement outlines severance terms in case of termination and includes confidentiality and non-competition clauses, reflecting the company’s commitment to retaining key leadership and ensuring operational stability.

Clear Channel Outdoor Prices $2.05 Billion in Notes

On July 21, 2025, Clear Channel Outdoor Holdings, Inc. announced the pricing of $1,150 million in 7.125% Senior Secured Notes due 2031 and $900 million in 7.500% Senior Secured Notes due 2033. The proceeds from this offering, expected to close on August 4, 2025, will be used to redeem existing notes due in 2027 and 2028 and cover related transaction costs. This strategic financial move aims to optimize the company’s debt structure and enhance its financial flexibility.

Clear Channel Outdoor Announces $2.05 Billion Note Offering

On July 21, 2025, Clear Channel Outdoor Holdings, Inc. announced a private offering of $2,050 million in Senior Secured Notes due 2031 and 2033, aiming to use the proceeds for early redemption of existing notes and related expenses. In the second quarter of 2025, the company repurchased $229.8 million of its senior notes at a discount, reflecting strategic debt management efforts, while preliminary financial estimates for the quarter show growth in revenue and adjusted EBITDA, particularly in the Airports segment.

Clear Channel Outdoor Amends Credit Facilities with Deutsche Bank

On June 12, 2025, Clear Channel Outdoor Holdings, Inc. announced amendments to its Receivables-Based Credit Facility and Revolving Credit Facility with Deutsche Bank AG New York Branch. The amendments extended the maturity date of both facilities to June 12, 2030. The credit commitments for the Receivables-Based Facility increased from $175 million to $200 million, while the Revolving Credit Facility commitments were reduced from $115.8 million to $100 million. These changes are expected to impact the company’s financial flexibility and operational strategy.