Outfront Media Q4 2019 Earnings Report
Key Takeaways
OUTFRONT Media Inc. reported strong fourth-quarter results, with revenues increasing by 7.9% and AFFO increasing by 8.2%. The company's sales force drove growth in local and national revenues, and major strides were made in its digital transformation. The company's board of directors approved a quarterly cash dividend on its common stock of $0.38 per share.
Revenues increased by 7.9% to $488.1 million.
Operating Income was $98.0 million.
Net Income attributable to OUTFRONT Media Inc. was $45.0 million, or $0.31 per diluted share.
Adjusted OIBDA increased by 5.5% to $151.7 million.
Outfront Media
Outfront Media
Outfront Media Revenue by Segment
Forward Guidance
The company is positioning itself for a rewarding 2020 through continued investment and sales execution.
Positive Outlook
- Continued investment
- Sales execution
- Growth in local revenues
- Growth in national revenues
- Strides in digital transformation
Revenue & Expenses
Visualization of income flow from segment revenue to net income