Outfront Media Q4 2022 Earnings Report
Key Takeaways
OUTFRONT Media's Q4 2022 revenues reached $494.7 million, with operating income at $105.0 million and net income attributable to OUTFRONT Media Inc. at $59.2 million, or $0.34 earnings per diluted share. Adjusted OIBDA was $153.7 million and AFFO attributable to OUTFRONT Media Inc. was $96.1 million. The company also declared a quarterly dividend of $0.30 per share.
Revenues for the fourth quarter reached $494.7 million.
Operating income for the fourth quarter was $105.0 million.
Net income attributable to OUTFRONT Media Inc. for the fourth quarter was $59.2 million, with earnings per diluted share at $0.34.
Adjusted OIBDA for the fourth quarter totaled $153.7 million.
Outfront Media
Outfront Media
Outfront Media Revenue by Segment
Forward Guidance
OUTFRONT Media anticipates continued growth in revenues, Adjusted OIBDA, and AFFO in 2023, despite ongoing macroeconomic uncertainty.
Positive Outlook
- Continued growth in revenues
- Continued growth in Adjusted OIBDA
- Continued growth in AFFO
Challenges Ahead
- Ongoing macroeconomic uncertainty
Revenue & Expenses
Visualization of income flow from segment revenue to net income