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Jun 30, 2023
Clear Channel Q2 2023 Earnings Report
Improved consolidated revenue results during the second quarter as compared to the prior year, excluding movements in foreign exchange rates and European business sales.
Key Takeaways
Clear Channel Outdoor Holdings, Inc. reported improved consolidated revenue for Q2 2023, excluding movements in foreign exchange rates and European business sales. The company is focused on strengthening its digital capabilities and optimizing its portfolio through strategic sales in Europe. They have amended and extended their revolving credit lines to strengthen their liquidity profile.
Delivered improved consolidated revenue results during the second quarter as compared to the prior year, excluding movements in foreign exchange rates and European business sales.
Made notable progress in executing on several facets of our strategic plan.
Focusing on strengthening our digital capabilities and helping our clients plan, measure and maximize their campaigns.
Continued to move forward in our plan to optimize our portfolio through the sale of our business in Italy, our agreement to sell our business in Spain and our entry into exclusive discussions to divest our business in France.
Revenue by Segment
Forward Guidance
The expectations for the third quarter of 2023 are as follows: Consolidated Revenue between $570 million and $600 million, America between $273 million and $283 million, Airports between $73 million and $78 million, Europe-North between $132 million and $142 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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