Clear Channel Outdoor Holdings, Inc. Provides Consolidated Earnings Guidance for the Fourth Quarter and Full Year 2022
November 08, 2022 at 06:00 am EST
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Clear Channel Outdoor Holdings, Inc. provided consolidated earnings guidance for the fourth quarter and full year 2022. For the quarter, the company expects consolidated revenue of $740 million to $765 million.
For the year, the company expects revenue of $2,600 million to $2,635 million, Consolidated net loss to be $165 million to $138 million.
Clear Channel Outdoor Holdings, Inc. is an out-of-home advertising company. The Company provides customized advertising solutions through its asset portfolio of roadside billboards, urban street furniture, airport advertising displays and other displays. The Companyâs segments include America, Airports, and Europe-North. The America segment consists of operations in the United States excluding airports. The Airports segment provides advertising opportunities around and within United States and Caribbean airports. The Europe-North segment consists of operations in the United Kingdom, the Nordics, and several other countries throughout northern and central Europe. It also has operations in Latin America and Singapore. Its Latin American businesses include operations in Mexico, Brazil, Chile, and Peru. The Company generally outsources the design and manufacturing of advertising structures to third parties.