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Jun 30, 2021
Clear Channel Q2 2021 Earnings Report
Reported better than anticipated revenue for the second quarter of 2021 and announced a CEO succession plan.
Key Takeaways
Clear Channel Outdoor Holdings, Inc. reported strong second-quarter results with revenue exceeding expectations and positive momentum building across its business segments. The company is focused on investing in technology, maintaining financial flexibility, and deleveraging its balance sheet.
Second quarter top line performance exceeded the combined guidance provided.
Positive momentum is building in the business as the rebound takes shape across the company's footprint.
All business segments are growing well ahead of last year, with some markets beginning to exceed 2019 levels.
The company's strategy remains focused on investing in technology, maintaining financial flexibility and deleveraging the balance sheet.
Revenue by Segment
Forward Guidance
Clear Channel Outdoor Holdings anticipates continued growth in the third quarter. Americas revenue is expected to be between $315 million and $325 million, with Segment Adjusted EBITDA margin percentage returning close to the Q3 2019 level of 41.6%. Excluding the impact of movements in foreign exchange rates, Europe revenue is expected to be between $245 million and $255 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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