Company: CCO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001334978-25-000027
Chunk: 13

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 13
---
.4 million loss on debt extinguishment for the six months ended June 30, 2025, and a $2.4 million loss on debt extinguishment and $2.0 million in debt modification expense for the six months ended June 30, 2024.(7)For the three months ended June 30, 2025, the Company recognized losses of $1.1 million related to the sale of its former businesses in Mexico, Peru and Chile, $0.6 million related to the sale of its former Europe-North segment businesses, and $5.9 million related to its business in Brazil. For the six months ended June 30, 2025, the Company recognized gains of $69.5 million related to the sale of its former businesses in Mexico, Peru and Chile and $65.9 million related to the sale of its former Europe-North segment businesses, partially offset by a $3.4 million loss related to its business in Brazil.

11

Table of ContentsCLEAR CHANNEL OUTDOOR HOLDINGS, INC. AND SUBSIDIARIESCONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

Capital Expenditures of Discontinued OperationsThe following table presents the capital expenditures for discontinued operations:Three Months EndedSix Months Ended(In thousands)June 30,June 30, 2025202420252024Capital expenditures(1)$3,727 $9,313 $16,022 $24,213 (1)In addition to capital expenditures paid during the reported periods, the Company had accrued but unpaid capital expenditures for discontinued operations of $1.3 million and $6.9 million as of June 30, 2025 and 2024, respectively.

12

Table of ContentsCLEAR CHANNEL OUTDOOR HOLDINGS, INC. AND SUBSIDIARIESCONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

NOTE 3 – SEGMENT DATA

The Company operates two reportable segments, which it believes best reflect how the Company is currently managed: America and Airports, with remaining operations in Singapore reported as “Other.” The America segment serves markets across the U.S., while the Airports segment offers out-of-home advertising at airports in the U.S. and the Caribbean.Segment Adjusted EBITDA is the profitability metric reported to the Company’s chief operating decision maker (“CODM”). It is calculated as revenue less