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Dec 31, 2021
Clear Channel Q4 2021 Earnings Report
Reported strong revenue surpassing 2020 and 2019 in all segments, driven by recovery and digital growth.
Key Takeaways
Clear Channel Outdoor Holdings, Inc. reported strong Q4 2021 financial results, with revenue surpassing both Q4 2020 and Q4 2019 levels. The company saw significant growth in its Americas and Europe segments, driven by the recovery of airport displays, growth in digital displays, and strength in billboard and street furniture inventory. The company is focused on its digital transformation and evaluating strategic alternatives for its European business.
Consolidated revenue increased by 37.2% to $742.7 million compared to Q4 2020.
Americas revenue was up 44.0% to $371.1 million, driven by growth in airport displays and digital billboards.
Europe revenue increased by 30.3% to $349.7 million, with growth across the product portfolio, led by France.
Consolidated net income was $65.5 million, compared to a net loss of $32.6 million in the same period of 2020.
Revenue by Segment
Forward Guidance
The company's expectations for the first quarter of 2022 are as follows: Consolidated revenue between $520 million and $550 million, excluding movements in FX; Americas revenue between $290 million and $300 million; Europe revenue between $220 million and $235 million, excluding movements in FX. We expect consolidated capital expenditures for the full year of 2022 to be between $190 million and $210 million, excluding movements in FX.
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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