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Sep 30, 2022
Clear Channel Q3 2022 Earnings Report
Reported strong revenue results, driven by advertiser demand and digital growth.
Key Takeaways
Clear Channel Outdoor Holdings reported strong third quarter revenue, reflecting the resiliency of their platform and the continued execution of their strategic plan. The company is focused on digital transformation and modernizing their business, while closely monitoring business trends and maintaining liquidity.
Third quarter revenue results reflect the resiliency of the platform and the continued execution of the strategic plan.
Performance was at the high end of consolidated revenue guidance, supported by broad-based demand from advertisers.
The team is focused on executing on digital transformation and efforts to innovate and modernize how the company does business.
The business remains healthy as advertisers continue to tap the out-of-home market to reach consumers on the move.
Revenue by Segment
Forward Guidance
The company's expectations for the fourth quarter of 2022 include consolidated revenue between $740 million and $765 million, with Americas revenue between $370 million and $380 million, and Europe revenue between $345 million and $360 million. The company is in line with the full year 2022 guidance previously provided.
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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