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Sep 30
Outfront Media Q3 2025 Earnings Report
OUTFRONT Media reported its third quarter 2025 results, exceeding expectations with strong transit revenues.
Key Takeaways
OUTFRONT Media delivered a strong third quarter in 2025, with revenues reaching $467.5 million, a 3.5% increase year-over-year. Operating income rose significantly to $89.9 million, and net income attributable to OUTFRONT Media Inc. increased by 48.3% to $51.3 million. Adjusted OIBDA also saw a substantial increase of 17.2% to $137.2 million, driven by exceptional performance in transit, particularly in NYC.
Total revenues for Q3 2025 were $467.5 million, an increase of 3.5% compared to the prior-year period.
Operating income for the quarter was $89.9 million, a significant increase from $71.3 million in Q3 2024.
Net income attributable to OUTFRONT Media Inc. grew by 48.3% to $51.3 million, resulting in diluted EPS of $0.29.
Adjusted OIBDA increased by 17.2% to $137.2 million, with a strong contribution from transit segment revenues.
Outfront Media
Outfront Media
Outfront Media Revenue by Segment
Revenue by Segment
Billboard Revenue
CapyFin.comTransit Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
OUTFRONT Media anticipates closing the year with continued momentum, building on the strong third-quarter performance, particularly in transit revenues.
Positive Outlook
- Strengthening of the business has persisted into the fourth quarter.
- Exceptional performance in NYC transit revenues contributed significantly to exceeding expectations.
- Management expresses confidence in closing the year with positive momentum.
- The company's strategic focus on digital billboard revenues and programmatic platforms is yielding positive results.
- Lower compensation-related expenses and provision for doubtful accounts contributed to reduced SG&A expenses.
Challenges Ahead
- Billboard segment revenues decreased due to lost billboards and lower proceeds from condemnations.
- Higher guaranteed minimum annual payments to the MTA due to inflation impacted transit operating expenses.
- Corporate expenses increased due to higher professional fees and costs related to refinancing senior credit facilities.
- The provision for income taxes increased compared to a benefit in the prior-year period, primarily due to transit operations.
- FFO attributable to OUTFRONT Media Inc. decreased year-over-year, driven by higher income tax provision and interest expense, despite higher Adjusted OIBDA.