Cost EfficiencyOUT announced a 6% reduction in force expected to result in $18-20 million in annual savings, improving the cost outlook.
Digital Inventory InvestmentThe transit franchises the company operates have entailed meaningful investment in the digital inventory on those assets, which increases the attractiveness for advertisers, supporting the solid revenue growth for this segment in recent quarters.
Revenue Growth In Transit SegmentStrong growth in MTA revenue is expected, with daily MTA ridership showing significant year-over-year increases, providing upside to Q3 transit estimates.