Clear Channel Outdoor Reports $1.5 Billion Revenue with 5% Growth and Strategic Divestitures

Clear Channel Outdoor Holdings, Inc. reported a consolidated revenue of $1.5 billion for the fiscal year ending December 31, 2024, marking a 5% increase from $1.43 billion in 2023. The growth was primarily driven by increased demand for both printed and digital advertising, particularly in the Airports segment, which saw a revenue rise of 16% to $361 million. However, the company experienced a net loss of $179.3 million, compared to a loss of $310.9 million in the previous year, reflecting improvements in operational efficiency and revenue generation despite ongoing challenges in certain markets.

The company has undergone significant strategic changes, including the divestiture of its European operations. In 2023, Clear Channel sold its businesses in Switzerland, Italy, and France, and it has entered into an agreement to sell its Europe-North segment to Bauer Radio Limited for $625 million, expected to close in 2025. The company also completed the sale of its Latin American businesses in Mexico, Peru, and Chile in February 2025. These divestitures are part of a broader strategy to focus on its more profitable U.S. operations and improve cash flow.

Operationally, Clear Channel Outdoor has expanded its digital footprint, adding 99 large-format digital billboards in 2024, which now account for 8% of its U.S. inventory but generate 41% of its U.S. revenue. The America segment, which includes U.S. operations excluding airports, reported revenue of $1.14 billion, a 3.9% increase from the previous year. Digital revenue within this segment also grew by 7% to $415 million, indicating a strong adoption of digital advertising solutions among clients.

The company employed approximately 4,100 people as of December 31, 2024, with a focus on enhancing its workforce to support its digital transformation and customer-centric initiatives. Clear Channel Outdoor's management has emphasized the importance of operational efficiency and customer engagement as key drivers for future growth. The company anticipates continued revenue growth in the out-of-home advertising sector, supported by urbanization trends and the increasing mobility of consumers.

Looking ahead, Clear Channel Outdoor expects to leverage its digital capabilities and data analytics to attract new advertisers and enhance campaign effectiveness. The company is closely monitoring macroeconomic conditions, including inflation and interest rates, which have impacted its cost structure. Despite these challenges, management remains optimistic about the potential for revenue growth and improved profitability in the coming years, particularly as it completes its strategic divestitures and focuses on its core U.S. operations.