CCO
Clear Channel Outdoor Holdings, Inc.1.9900
-0.0100-0.5%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
989.64MP/E (TTM)
-Basic EPS (TTM)
-0.21Dividend Yield
0%Recent Filings
8-K
Q4 revenue surges 8.2%
Clear Channel Outdoor Holdings reported Q4 revenue up 8.2% to $461.5M and full-year up 6.6% to $1.6B, with Adjusted EBITDA rising 13.6% to $164.5M and 6.1% to $504.8M quarterly and annually. Pending take-private by Mubadala Capital and TWG Global offers stockholders $2.43/share in cash, expected to close by Q3 2026 end—subject to approvals. No earnings call due to deal.
10-K
FY2025 results
Clear Channel Outdoor Holdings delivered FY2025 revenue of $1.6B from continuing U.S. operations, up 6.6% y/y, with America up 4.7% on MTA contract ramp and Bay Area strength, while Airports surged 12.6% on robust demand at key hubs like NYC and SFO. Digital revenue hit 44% of total, growing 13.7% y/y as Q4 seasonality peaked. America Segment Adjusted EBITDA rose 2.7% to $501M; Airports climbed 8.4% to $95M. Debt fell ~$0.6B to $5.1B after international sales, with $206M revolver availability and no maturities until 2028. Pending $2.43/share take-private merger adds uncertainty. Merger delays risk customer distractions.
8-K
CCO merger at $2.43/share
Clear Channel Outdoor signed a merger agreement on February 9, 2026, to go private via acquisition by Mubadala Capital and TWG Global, with shareholders receiving $2.43 per share in cash. The board unanimously approved, securing support from holders of 48% of shares; a 45-day go-shop ends March 26. Closing hinges on majority vote and HSR/CFIUS nods by November 2026. Deal locks in premium value.
8-K
CEO Wells' deal extended
Clear Channel Outdoor Holdings entered a second amended employment agreement with CEO Scott R. Wells, effective January 1, 2026, extending through January 1, 2030 with auto-renewals. It sets $1.2M base salary, 120% target bonus, and $4M annual equity target (minimum $2M fair value). Severance includes 18 months pay but ties to 12-month non-compete. Leadership locked in.
10-Q
Q3 FY2025 results
Clear Channel Outdoor's continuing operations posted Q3 revenue of $405.6M, up 8.1% y/y, with America up 5.9% on MTA contract strength and Airports surging 16.1% on digital demand; operating income climbed to $80.7M from $66.7M. Digital now 42% of revenue, growing 15.6% y/y. Debt fell to $5.1B after sales of Europe-North ($625M, Mar 2025) and Latin America ($34M, Feb 2025), plus August refinancing, boosting revolver availability to $211M; cash hit $155M. Operating cash flow less capex not disclosed in the 10-Q. Spain sale ($135M) awaits regulatory nod. Debt load curbs flexibility.
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