Clear Channel Outdoor (CCO) AI Stock Analysis

• Market Cap: $615.93M
• Dividend Yield: N/A
• Average Volume (3M): 3.93M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.35
• Revenue Growth: -17.54%
• EPS Growth: 66.05%
• Country: US
• Employees: 4,100
• Sector: Communication Services
• Sector Strength: 83
• Industry: Advertising Agencies
• EPS (TTM): -0.11
• Shares Outstanding: 496,715,400
• 10 Day Avg. Volume: 8,056,947
• 30 Day Avg. Volume: 3,929,926
• PEG Ratio: 0.07
• Price to Book (P/B): -0.15
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -11.15
• Enterprise Value/Market Cap: 11.91
• Enterprise Value/Revenue: 1.01
• Enterprise Value/Gross Profit: 10.25
• Enterprise Value/Ebitda: 3.48
• 1Y Price Target: $1.48
• Price Target Upside: 25.42% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 53 Neutral
• Price Target: $1.00 ▼(-15.25%Downside)

The overall stock score reflects significant financial challenges, including negative net income and high leverage, which overshadow positive operational margins. Technical indicators show some bullish momentum, but valuation concerns persist with a negative P/E ratio. Recent earnings call highlights strategic steps to improve liquidity but also reveals ongoing profitability issues.

Positive Factors

Digital Investments

Digital investments are a highlight of operations: Clear Channel Outdoor America added 33 digital billboards in the quarter and now operates 1,930 in total.

Operational Strategy

The company's shift to a more focused structure has resulted in lower corporate expenses as it becomes a U.S.-focused entity.

Revenue Growth

Airports revenue grew 4.0%, surpassing expectations, and is guided to grow 3% - 7% as board digitization drives revenue growth.

Negative Factors

Cost Pressures

Downside risk builds as cost pressures and slowing demand take hold.

Financial Performance

Adjusted EBITDA margins were below expectations in the quarter due to the MTA roadside billboard contract, which pressured margins.

Market Conditions

High leverage levels and a cautious view of the US ad market are factors keeping the stock rating unchanged.

Clear Channel Outdoor Business Overview & Revenue Model

Company Description

Clear Channel Outdoor Holdings, Inc. (CCO) is a leading global outdoor advertising company, operating in the advertising and marketing sector. The company specializes in outdoor advertising solutions, providing a wide array of services through its extensive portfolio of billboards, transit displays, street furniture, and airport advertising. Clear Channel Outdoor operates across various markets, offering tailored advertising solutions that leverage both traditional and digital platforms to help brands reach their target audiences effectively.

How the Company Makes Money

Clear Channel Outdoor makes money primarily through the sale of advertising space on its vast network of outdoor advertising displays. This includes revenue generated from traditional billboards, digital displays, and other out-of-home advertising formats such as transit and airport advertising. The company's key revenue streams include long-term contracts with advertisers, which provide a stable income, and shorter-term agreements that allow flexibility for advertisers to run specific campaigns. Additionally, Clear Channel Outdoor partners with municipalities and transit authorities to secure prime advertising locations, enhancing its inventory and attractiveness to advertisers. The company's earnings are further bolstered by its ability to deliver targeted and data-driven advertising solutions, which are increasingly in demand in the digital age.

Clear Channel Outdoor Financial Statement Overview

Summary

Clear Channel Outdoor faces significant challenges in achieving profitability and financial stability, as highlighted by its negative net income and high leverage. While operational margins are decent, the company must improve its revenue trajectory and manage debt to ensure long-term sustainability.

Income Statement

The company exhibits a volatile revenue trend with a significant decline in recent periods, as seen in the TTM data. Gross profit margin remains healthy at approximately 65.1% TTM, but net profit margin is negative due to persistent net losses. The EBIT and EBITDA margins are positive, indicating operational efficiency, yet the inability to achieve net profitability is a concern.

Balance Sheet

The balance sheet shows financial instability with negative stockholders' equity and a high debt-to-equity ratio, indicating excessive leverage. The equity ratio is also negative, highlighting concerns about long-term solvency and financial risk.

Cash Flow

Cash flow analysis reveals a positive trend in operating cash flow for the TTM period, yet free cash flow remains low. The operating cash flow to net income ratio is favorable, but reliance on debt financing is evident, posing potential risks.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.36B	1.51B	2.13B	2.48B	2.24B	1.85B
Gross Profit	715.85M	824.65M	1.03B	1.15B	970.86M	653.40M
EBITDA	492.45M	442.41M	488.94M	450.74M	497.64M	319.04M
Net Income	-27.08M	-179.25M	-310.92M	-94.39M	-433.12M	-600.23M
Balance Sheet
Total Assets	3.99B	4.80B	4.72B	5.09B	5.30B	5.76B
Cash, Cash Equivalents and Short-Term Investments	395.81M	109.71M	251.65M	286.78M	410.77M	785.31M
Total Debt	6.65B	7.02B	7.17B	7.13B	7.23B	7.26B
Total Liabilities	7.41B	8.44B	8.17B	8.35B	8.49B	8.54B
Stockholders Equity	-3.42B	-3.64B	-3.46B	-3.26B	-3.19B	-2.78B
Cash Flow
Free Cash Flow	-12.23M	-62.65M	-147.48M	-44.69M	-281.50M	-261.97M
Operating Cash Flow	129.49M	79.75M	31.25M	139.99M	-133.50M	-137.81M
Investing Cash Flow	463.26M	-155.94M	-119.57M	-221.70M	-152.70M	94.52M
Financing Cash Flow	-390.15M	-8.18M	45.64M	-32.72M	-85.24M	418.28M

Clear Channel Outdoor Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• 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 Neutral. The current price of 1.18 is above the 20-day moving average (MA) of 1.16, above the 50-day MA of 1.12, and below the 200-day MA of 1.33, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 53.98 is Neutral, neither overbought nor oversold. The STOCH value of 76.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CCO.

Clear Channel Outdoor Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GRVY	78 Outperform	$445.42M	7.76	14.97%	―	-33.83%	-38.30%
DDI	75 Outperform	$482.15M	4.10	13.91%	―	10.71%	21.74%
Sector *	58 Neutral	C$3.33B	6.36	-8.20%	5.78%	-2.19%	-11.60%
NCMI	54 Neutral	$451.72M	―	-4.73%	1.27%	42.01%	-100.56%
NCMI	54 Neutral	$451.72M	―	-4.73%	1.27%	42.01%	-100.56%
THRY	54 Neutral	$546.73M	―	-51.21%	―	-14.71%	66.24%
THRY	54 Neutral	$546.73M	―	-51.21%	―	-14.71%	66.24%
CCO	53 Neutral	$615.93M	―	4.92%	―	-17.54%	66.05%
MCS	47 Neutral	$533.04M	―	-2.83%	1.61%	4.18%	-207.46%
MCS	47 Neutral	$533.04M	―	-2.83%	1.61%	4.18%	-207.46%

Clear Channel Outdoor Corporate Events

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.

The most recent analyst rating on (CCO) stock is a Buy with a $2.50 price target. To see the full list of analyst forecasts on Clear Channel Outdoor stock, see the CCO Stock Forecast page.

Clear Channel Outdoor Confirms Director Elections and Auditor

On May 29, 2025, Clear Channel Outdoor Holdings, Inc. held its Annual Meeting of Stockholders, where the election of directors for a one-year term was confirmed, and an advisory resolution on executive compensation was approved. Additionally, the selection of Ernst & Young LLP as the independent registered public accounting firm for the year ending December 31, 2025, was ratified, indicating continued stability and adherence to corporate governance practices.

The most recent analyst rating on (CCO) stock is a Buy with a $2.50 price target. To see the full list of analyst forecasts on Clear Channel Outdoor stock, see the CCO Stock Forecast page.

Clear Channel Outdoor Sells Brazilian Business for $14M

On May 7, 2025, Clear Channel Outdoor Holdings, Inc. announced an agreement to sell its Brazilian business to Publibanca Brasil S.A., an affiliate of Eletromidia S.A., for approximately R$80 million (US$14 million). This sale, expected to close in 2025 pending regulatory approval, is part of Clear Channel’s strategy to optimize its portfolio and focus on its America and Airports segments, marking the divestment of all its Latin American businesses.