Clear Channel Outdoor Reports 7% Revenue Increase to $402.8 Million in Q2 2025

Clear Channel Outdoor Holdings, Inc. reported a revenue increase of 7.0% for the second quarter of 2025, reaching $402.8 million compared to $376.5 million in the same period of 2024. For the first half of 2025, revenue rose by 4.8% to $737.0 million from $703.3 million year-over-year. The company attributed this growth primarily to strong demand in its Airports segment and a new roadside billboard contract with the Metropolitan Transportation Authority (MTA). Digital revenue also saw significant growth, increasing by 17.6% in the second quarter and 13.9% in the first half, contributing to 44.0% of total revenue in the second quarter.

Operating income for the second quarter was $77.4 million, up from $68.4 million in the prior year, while net income attributable to the company was $9.5 million, a recovery from a loss of $39.2 million in the same quarter of 2024. The company reported a consolidated net income of $10.6 million for the quarter, compared to a loss of $38.6 million a year earlier. The improvement in profitability was supported by a gain of $28.8 million from the extinguishment of debt, which offset interest expenses that decreased due to recent debt repurchases.

In terms of operational changes, Clear Channel Outdoor has been actively restructuring its business, having sold its Europe-North segment and Latin American operations earlier in 2025. The company completed the sale of its businesses in Mexico, Peru, and Chile for $34 million and its Europe-North segment for $625 million, resulting in significant cash inflows. As of June 30, 2025, the company had cash and cash equivalents of $138.6 million, up from $109.7 million at the end of 2024, reflecting improved liquidity following these transactions.

The company’s total liabilities decreased to $7.2 billion from $8.4 billion at the end of 2024, primarily due to debt repayments funded by the proceeds from the aforementioned sales. Clear Channel Outdoor's long-term debt stood at $5.1 billion as of June 30, 2025, down from $5.7 billion at the end of the previous year. The company has also amended its credit agreements to extend maturity dates to June 2030, enhancing its financial flexibility.

Looking ahead, Clear Channel Outdoor remains cautious about macroeconomic conditions, including inflation and interest rates, which could impact advertising spending. The company is focused on leveraging its digital platforms and expanding its market presence while continuing to monitor its operational costs. The ongoing sales process for its remaining discontinued operations in Spain is expected to conclude within the next year, which may further influence its financial position.