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Dec 31, 2022
Clear Channel Q4 2022 Earnings Report
Reported financial results for Q4 2022, showing revenue increase led by digital assets in the Americas and Europe, despite overall revenue decrease due to foreign exchange rates.
Key Takeaways
Clear Channel Outdoor Holdings, Inc. reported a decrease in consolidated revenue by 4.5% to $709.2 million for Q4 2022, but an increase of 0.9% excluding movements in foreign exchange rates. The company's net income increased by 51.8% to $99.4 million. The company is progressing in its transformation into a technology-fueled, visual media powerhouse. The company is also continuing to review strategic alternatives for its European businesses.
Consolidated revenue decreased by 4.5% to $709.2 million, but increased 0.9% excluding movements in foreign exchange rates.
Americas revenue increased by 0.8% to $374.2 million, led by growth in airport and digital revenue.
Europe revenue decreased by 9.6% to $316.2 million, but increased 2.1% excluding movements in foreign exchange rates.
Consolidated net income increased by 51.8% to $99.4 million.
Revenue by Segment
Forward Guidance
The company expects consolidated revenue between $540 million and $565 million for the first quarter of 2023. For the full year 2023, the company anticipates consolidated revenue between $2,575 million and $2,700 million, a net loss between $165 million and $110 million, adjusted EBITDA between $540 million and $600 million, and Adjusted Funds from Operations between $75 million and $125 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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