Clear Channel Outdoor Holdings, Inc.

Listed Company

CCOCIK 0001334978NYSEAcceleratedServices-AdvertisingFY ends Dec 31

Period

FY 2025

Revenue

$1.60B

Net Income

$19.94M

Total Assets

—

Equity

—

Shares Out

508.98M

Op. Cash Flow

$114.86M

Business

Clear Channel Outdoor Holdings, Inc. is a provider of out-of-home advertising solutions that connects advertisers with broad consumer audiences through high-visibility public displays. It offers large-format billboards, street furniture, transit and airport displays in both printed and digital formats, as well as data-driven services, creative production and programmatic buying capabilities. The company reports two continuing business segments: America (U.S. roadside and urban displays) and Airports (U.S. and Caribbean airport advertising). Its advertising inventory reaches advertisers through direct sales, programmatic platforms, agency relationships and digital campaign tools.

Summary from filing dated 2025-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	1,604	1,505	1,434	1,382	1,769
Direct operating expenses	748	681	660	589	887
Selling, general and administrative expenses	262	253	235	231	330
Corporate expenses	111	127	129	119	158
Depreciation and amortization	175	174	197	174	213
Other operating income, net	−3	−8	−4	−9	3
Operating income	311	279	217	256	59
Interest expense, net	−396	−402	−398	−334	—
Gain (loss) on extinguishment of debt, net	−15	−2	4	0	−103
Other income (expense), net	1	−8	−6	−784,000	−2
Loss from continuing operations before income taxes	−99	−133	−183	−79	−395
Income tax benefit (expense) attributable to continuing operations	−5	9	24	90	36
Loss from continuing operations	−104	−124	−159	11	−358
Income (loss) from discontinued operations	128	−52	−149	−105	−75
Consolidated net income (loss)	25	−176	−309	−94	−433
Less: Net income attributable to noncontrolling interests	5	3	2	2	695,000
Net income (loss) attributable to the Company	20	−179	−311	−97	−434
Net loss from continuing operations attributable to the Company per share of common stock - basic (in dollars per share)	−0.22	−0.26	−0.34	0.02	−0.77
Net loss from continuing operations attributable to the Company per share of common stock - diluted (in dollars per share)	−0.22	−0.26	−0.34	0.02	−0.77
Net income (loss) from discontinued operations attributable to the Company per share of common stock - basic (in dollars per share)	0.26	−0.11	−0.31	−0.22	−0.16
Net income (loss) from discontinued operations attributable to the Company per share of common stock - diluted (in dollars per share)	0.26	−0.11	−0.31	−0.22	−0.16
Net income (loss) attributable to the Company per share of common stock - Basic (in dollars per share)	0.04	−0.37	−0.65	−0.2	−0.93
Net income (loss) attributable to the Company per share of common stock - Diluted (in dollars per share)	0.04	−0.37	−0.65	−0.2	−0.93

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	190	110	172	282	411
Accounts receivable, net	371	344	315	454	643
Prepaid expenses	22	27	29	45	54
Other current assets	7	2	8	17	26
Current assets of discontinued operations	203	1,176	434	323	—
Total Current Assets	793	1,659	957	1,121	1,135
Structures, net	299	336	340	469	—
Other property, plant and equipment, net	143	144	150	203	205
Goodwill	508	508	508	651	660
Operating lease right-of-use assets	1,314	1,316	1,081	1,404	1,567
Other assets	18	10	13	48	82
Total Assets	3,829	4,804	4,722	5,086	5,299
Accounts payable	32	39	45	73	109
Accrued expenses	170	164	182	331	523
Current operating lease liabilities	142	133	115	212	317
Accrued interest	99	91	98	80	66
Deferred revenue	75	70	41	48	77
Current portion of long-term debt	312,000	348,000	404,000	21	21
Current liabilities of discontinued operations	99	775	403	356	—
Total Current Liabilities	618	1,272	884	1,122	1,113
Long-term debt	5,103	5,660	5,630	5,541	5,584
Non-current operating lease liabilities	1,226	1,229	1,009	1,238	1,311
Deferred tax liabilities, net	222	222	231	236	325
Other liabilities	55	61	63	93	161
Total Liabilities	7,223	8,444	8,173	8,349	8,493
Commitments and Contingencies (Note $8)	—	—	—	—	—
Noncontrolling interests	12	12	12	13	11
Common stock, par value $0.01 per share: 2,350,000,000 shares authorized (513,531,599 and 503,245,029 shares issued as of December 31, 2025 and 2024, respectively)	5	5	5	5	5
Additional paid-in capital	3,613	3,590	3,564	3,543	3,522
Accumulated deficit	−6,940	−6,960	−6,781	−6,470	−6,373
Accumulated other comprehensive loss	−53	−258	−227	−335	−351
Treasury stock (16,060,676 and 14,038,477 shares held as of December 31, 2025 and 2024, respectively)	−31	−28	−24	−19	—
Total Stockholders Deficit	−3,394	−3,640	−3,451	−3,263	−3,194
Total Liabilities and Stockholders Deficit	3,829	4,804	4,722	5,086	5,299

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Non-cash operating lease expense, net of interest	207	270	299	335	362
Depreciation, amortization and impairment	175	240	258	293	372
Loss (gain) on classification as held for sale and disposition of businesses and operating assets, net	−135	29	100	−12	−2
Share-based compensation	26	26	20	21	19
Amortization of deferred financing charges and note discounts	10	12	12	11	12
Foreign exchange transaction loss (gain)	4	−7	−12	39	4
Credit loss expense	3	3	4	6	−3
Deferred income taxes	710,000	−11	−12	−82	−32
Loss on extinguishment and modification of debt, net	20	17	631,000	0	—
Other reconciling items, net	1	3	2	−2	1
Decrease (increase) in accounts receivable	4	−24	−36	−21	−177
Decrease (increase) in prepaid expenses and other operating assets	−6	9	−18	−15	−9
Increase (decrease) in accounts payable and accrued expenses	−20	−31	7	638,000	95
Decrease in operating lease liabilities (cash payments, net of interest)	−208	−280	−307	−349	−389
Increase (decrease) in accrued interest	8	−7	18	14	−48
Increase in deferred revenue	10	13	5	−3	1
Decrease in other operating liabilities	−10	−6	−2	−3	−10
Net cash provided by operating activities	115	80	31	140	−133
Capital expenditures	−83	−142	−167	−185	−148
Payments for acquisition of businesses and/or assets, net of cash acquired	−563,000	−27	−12	−62	—
Proceeds from sales of businesses and/or assets, net of direct costs to sell and cash sold	608	14	60	27	13
Other investing activities, net	−1	−618,000	−687,000	−2	618,000
Net cash provided by (used for) investing activities	523	−156	−120	−222	−153
Proceeds from long-term debt	2,050	1,657	750	0	2,086
Payments on long-term debt	−2,611	−1,636	−684	−21	−2,011
Debt issuance and modification costs	−28	−21	−13	0	−24
Taxes paid related to net share settlement of equity awards	−5	−5	−5	−11	−5
Payments to noncontrolling interests, net	−5	−4	−3	−396,000	—
Net cash provided by (used for) financing activities	−598	−8	46	−33	−85
Effect of exchange rate changes on cash, cash equivalents and restricted cash	5	−4	5	−7	−4
Net increase (decrease) in cash, cash equivalents and restricted cash	45	−88	−38	−121	−375
Cash paid for interest	394	435	404	341	388
Cash paid for income taxes, net of refunds	7	16	10	5	5

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro