Published on 26 Feb 2024 on GuruFocus.com via Yahoo Finance

Clear Channel Outdoor Holdings Inc Reports Double-Digit Revenue Growth in Q4 2023

Consolidated Revenue: $632.1 million in Q4, up 12.4% year-over-year.Net Income: Income from continuing operations at $25.4 million, a decrease of 76.2%.Adjusted EBITDA: $190.0 million in Q4, a 9.2% increase year-over-year.America Segment Revenue: Slight increase to $298.5 million, up 0.5%.Airports Segment Revenue: Significant increase to $111.2 million, up 44.3%.Europe-North Segment Revenue: Increased to $191.8 million, up 17.8%.Discontinued Operations: Sales of businesses in Switzerland, Italy, and France completed or expected.

Warning! GuruFocus has detected 8 Warning Signs with CCO.

On February 26, 2024, Clear Channel Outdoor Holdings Inc (NYSE:CCO) released its 8-K filing, detailing the financial outcomes for the fourth quarter and full year of 2023. The company, a global leader in outdoor advertising, operates through segments including America, Airports, and Europe-North, with the majority of its revenue stemming from the America segment, primarily from billboard displays.