Clear Channel Outdoor Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 06:20 am EST
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Clear Channel Outdoor Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 526.79 million compared to USD 503.34 million a year ago. Net loss was USD 263.49 million compared to USD 39.76 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to USD 0.04 a year ago. Basic loss per share was USD 0.55 compared to USD 0.08 a year ago. Diluted loss per share was USD 0.55 compared to USD 0.08 a year ago.
For the nine months, sales was USD 1,495.03 million compared to USD 1,451.78 million a year ago. Net loss was USD 335.7 million compared to USD 195.29 million a year ago. Basic loss per share from continuing operations was USD 0.38 compared to USD 0.33 a year ago. Diluted loss per share from continuing operations was USD 0.38 compared to USD 0.33 a year ago. Basic loss per share was USD 0.7 compared to USD 0.41 a year ago. Diluted loss per share was USD 0.7 compared to USD 0.41 a year ago.
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.
CLEAR CHANNEL OUTDOOR HOLDINGS, INC. 
