Company: CCO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001334978-25-000008
Chunk: 161

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 161
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 – QUARTERLY RESULTS OF OPERATIONS (Unaudited)

The following tables present the Consolidated Statements of Income (Loss) and net income (loss) per share for each quarter of 2024 and 2023, revised to report results of discontinued operations as a separate component of Consolidated net income (loss) for each period presented in accordance with GAAP.(In thousands)Three Months EndedMarch 31,Three Months EndedJune 30,Three Months EndedSeptember 30,Three Months EndedDecember 31,20242023202420232024202320242023Revenue$326,840 $295,717 $376,483 $363,521 $375,188 $358,934 $426,719 $416,014 Operating expenses:Direct operating expenses(1)155,054 148,088 167,168 159,419 167,106 166,861 191,250 185,968 Selling, general and administrative expenses(1)59,272 58,918 64,427 57,723 63,481 54,857 65,727 63,972 Corporate expenses(1)29,874 24,768 34,047 47,682 31,302 26,007 31,681 30,791 Depreciation and amortization42,052 53,426 42,501 53,536 46,222 46,485 43,223 43,364 Other operating expense (income), net(3,297)(455)(90)(689)341 349 (5,294)(3,693)Operating income43,885 10,972 68,430 45,850 66,736 64,375 100,132 95,612 Interest expense, net(101,695)(95,886)(100,120)(98,863)(99,662)(101,682)(100,064)(101,619)Gain (loss) on extinguishment of debt(2,393)— — — — 3,817 — — Other income (expense), net(8,849)(459)449 519 (820)(3,231)842 (2,528)Income (loss) from continuing operations before income taxes(69,052)(85,373)(31,241)(52,494)(33,746)(36,