OUTFRONT Media experienced a decline in revenues and net income in Q2 2025, primarily due to the impact of the Canadian Business sale and lost billboards. However, Adjusted OIBDA and AFFO remained largely consistent with the prior year, indicating underlying operational stability despite the revenue challenges.
Revenues for Q2 2025 were $460.2 million, a 3.6% decrease compared to Q2 2024.
Net income attributable to OUTFRONT Media Inc. significantly decreased to $19.5 million in Q2 2025 from $176.8 million in Q2 2024.
Adjusted OIBDA was $124.1 million, a slight decrease of 1.5% from the prior year, demonstrating resilience in core operations.
AFFO attributable to OUTFRONT Media Inc. increased slightly by 0.6% to $85.3 million, driven by lower interest expense and maintenance capital expenditures.
The company expects Selling, General and Administrative (SG&A) expenses to decline for the remainder of 2025 and the first half of 2026 compared to prior-year periods, as they continue to evaluate methods to lower SG&A expense growth.