Company: CCO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001334978-25-000037
Chunk: 30

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 30
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 and other assumptions deemed to be reasonable under the circumstances. Actual results may differ from these estimates.Discontinued OperationsAs described in the Company’s 2024 Annual Report on Form 10-K, the Company classified its Europe-North segment and Latin American businesses as discontinued operations as of December 31, 2024, in addition to its business in Spain, which was classified as discontinued operations in 2023.In accordance with GAAP, assets and liabilities of discontinued operations are presented separately in the Consolidated Balance Sheets, and results of discontinued operations are reported as a separate component of “Consolidated net income (loss)” in the Consolidated Statements of Income (Loss) for all periods presented, resulting in changes to the presentation of certain prior period amounts. Cash flows from discontinued operations are not reported separately in the Consolidated Statements of Cash Flows, consistent with GAAP requirements. Refer to Note 2 for additional information on discontinued operations. All other notes to these consolidated financial statements present the results of continuing operations and exclude amounts related to discontinued operations for all periods presented.Recently Issued Accounting StandardsIn July 2025, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2025-05, which provides a practical expedient for estimating expected credit losses on current accounts receivable and contract assets by assuming conditions at the balance sheet date remain unchanged over the remaining life of the asset. The Company will adopt this standard on January 1, 2026, and does not expect it to have a material impact on its consolidated financial statements or disclosures. In September 2025, the FASB issued ASU 2025-06, which amends the accounting for internal-use software costs by removing the project-stage model and requiring capitalization once management authorizes and commits to funding a project and completion is probable. The amendments will be effective for the Company on January 1, 2028. Early adoption is permitted. The Company does not currently expect the adoption of this standard to have a material impact on its consolidated financial statements or disclosures; however, the Company is continuing to evaluate the impact of this guidance.

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

NOTE 2 – DISPOSITIONS AND DISCONTINUED OPERATIONS

DispositionsIn 2025, the Company sold, or entered into an agreement to sell, the following businesses, which