Sep 30, 2024

Outfront Media Q3 2024 Earnings Report

Reported a slight decrease in revenue but an increase in net income.

Key Takeaways

OUTFRONT Media reported a slight decrease in revenue but an increase in net income for Q3 2024. The company's U.S. Media business showed strength with revenue growth and Adjusted OIBDA growth. A special dividend of $0.75 per share was announced.

Revenues decreased slightly to $451.9 million.

Net income attributable to OUTFRONT Media Inc. increased to $34.6 million.

Adjusted OIBDA increased slightly to $117.1 million.

A special dividend of $0.75 per share was declared.

Total Revenue
$452M
Previous year: $455M
-0.6%
EPS
$0.19
Previous year: $0.09
+111.1%
Adjusted OIBDA
$117M
Previous year: $117M
+0.2%
AFFO
$80.8M
Previous year: $75.7M
+6.7%
Gross Profit
$219M
Previous year: $215M
+1.8%
Cash and Equivalents
$28M
Previous year: $44.4M
-36.9%
Free Cash Flow
$165M
Previous year: $42.8M
+284.6%
Total Assets
$5.2B
Previous year: $5.55B
-6.3%

Outfront Media

Outfront Media

Outfront Media Revenue by Segment

Forward Guidance

The company is on track to achieve the high-end of their full-year Consolidated AFFO growth target.

Revenue & Expenses

Visualization of income flow from segment revenue to net income