Company: CCO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001334978-25-000027
Chunk: 14

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 14
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 direct operating expenses and selling, general and administrative expenses, excluding restructuring and other costs. Restructuring and other costs include costs associated with cost-saving initiatives such as severance, consulting and termination costs and other special costs.The following table presents revenue, significant expenses, Segment Adjusted EBITDA and capital expenditures for each reportable segment for the three and six months ended June 30, 2025 and 2024. Segment information for total assets is not presented as this information is not used by the CODM to measure segment performance or allocate resources between segments.(In thousands)Three Months Ended June 30,Six Months Ended June 30, 2025202420252024AmericaRevenue$303,111 $290,207 $557,304 $539,984 Site lease expense(1)94,115 84,703 182,450 167,551 Employee compensation costs(2)43,903 42,586 85,937 83,289 Other segment expenses(3)37,492 35,938 73,445 66,700 Segment Adjusted EBITDA$127,601 $126,980 $215,472 $222,444 Capital expenditures$8,827 $13,450 $18,646 $22,273 AirportsRevenue$99,685 $86,219 $179,668 $163,145 Site lease expense(1)59,915 52,827 111,153 96,840 Employee compensation costs(2)8,213 7,390 15,632 14,434 Other segment expenses(3)7,210 6,920 14,223 13,707 Segment Adjusted EBITDA$24,347 $19,082 $38,660 $38,164 Capital expenditures$2,559 $1,807 $4,793 $3,446 (1)Site lease expense includes rent for both lease and non-lease contracts and consists of payments for land or space used by the Company’s advertising displays, including minimum guaranteed payments and revenue-sharing arrangements. (2)Employee compensation costs include employee salaries and wages, sales commissions and guarantees, bonuses, employee benefits and payroll taxes. The costs presented in this table exclude restructuring and other costs, such as severance, which are not included in the calculation of Segment Adjusted EBITDA. (3)Other