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Mar 31, 2023
Outfront Media Q1 2023 Earnings Report
Reported first quarter revenues slightly ahead of expectations, with business pace improving through the quarter.
Key Takeaways
OUTFRONT Media Inc. reported first quarter 2023 results with revenues of $395.8 million, a net loss attributable to OUTFRONT Media Inc. of $28.9 million, and Adjusted OIBDA of $60.2 million.
Revenues of $395.8 million increased $22.3 million, or 6.0%.
Organic revenues of $392.9 million increased $20.5 million, or 5.5%.
Reported billboard revenues of $320.6 million increased $22.4 million, or 7.5%.
Adjusted OIBDA of $60.2 million decreased $10.0 million, or 14.2%.
Outfront Media
Outfront Media
Outfront Media Revenue by Segment
Revenue by Segment
Billboard Revenue
CapyFin.comTransit Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Despite a somewhat uncertain macroeconomic environment we remain encouraged by what we see in the business and expect continued momentum as we move forward.
Revenue & Expenses
Visualization of income flow from segment revenue to net income