Company: CCO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001334978-25-000037
Chunk: 37

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 37
---
$16,925 $60,526 $55,089 Capital expenditures$3,838 $3,188 $8,631 $6,634 (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 segment expenses consist of expenses within “Direct operating expenses” and “Selling, general and administrative expenses” on the Consolidated Statements of Income (Loss), excluding site lease expense, employee compensation costs, and restructuring and other costs (as previously defined). Specifically, other segment expenses include production, installation and maintenance costs related to the printing, transporting, posting and maintaining of advertising copy; costs to operate out-of-home displays, including electricity, repair and maintenance costs; and other general operating expenses, such as marketing, facilities and information technology costs.

13

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

The following table reconciles certain of the reportable segment measures disclosed in the above table to the Company’s consolidated measures for its continuing operations:(In thousands)Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024RevenueAmerica$309,959 $292,821 $867,263 $832,805 Airports95,610 82,331 275,278 245,476 Other68 36 84 230 Total$405,637 $375,188 $1,142,625 $1,078,511 Segment Adjusted EBITDAAmerica$133,441 $128,372 $348,913 $350,816 Airports21,866 16,925 60,526 55,089 Other(325)(310)(896)(1,103)Total$154,982 $144,987 $408,543 $404,802 Reconciliation of Segment Adjusted EBITDA to Loss From Continuing Operations Before Income TaxesSegment Adjusted