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Sep 30, 2024
Clear Channel Q3 2024 Earnings Report
Reported financial results for the quarter ended September 30, 2024, with revenue growth across all business segments.
Key Takeaways
Clear Channel Outdoor Holdings, Inc. reported a 6.1% increase in consolidated revenue, reaching $559 million for Q3 2024. The America segment saw a 5.0% revenue increase, and the company is on track to meet full-year 2024 financial guidance.
Consolidated revenue increased by 6.1% to $559 million.
America segment revenue grew by 5.0%, driven by improved national advertising sales.
A 15-year contract for roadside advertising assets controlled by the New York MTA was secured, effective November 1, 2024.
The company remains on track to deliver on full year 2024 consolidated financial guidance.
Revenue by Segment
Forward Guidance
The company's expectations for the fourth quarter of 2024 are as follows: Consolidated Revenue between $628 million and $653 million, America Revenue between $308 million and $318 million, Airports Revenue between $111 million and $116 million, Europe-North Revenue between $185 million and $195 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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