Company: CCO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001334978-25-000037
Chunk: 38

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 38
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 EBITDA$154,982 $144,987 $408,543 $404,802 Less reconciling items:Corporate expenses(1)30,282 31,302 81,185 95,223 Restructuring and other costs(2)3 386 8 2,799 Depreciation and amortization43,873 46,222 130,212 130,775 Other operating expense (income), net107 341 (5,993)(3,046)Interest expense, net101,053 99,662 296,440 301,477 Loss on extinguishment of debt, net43,752 — 14,956 2,393 Other expense (income), net(69)820 (981)9,220 Loss from continuing operations before income taxes$(64,019)$(33,746)$(107,284)$(134,039)Capital Expenditures(3)America$8,236 $13,406 $26,882 $35,679 Airports3,838 3,188 8,631 6,634 Other— — 52 13 Corporate1,161 1,269 3,728 3,152 Total$13,235 $17,863 $39,293 $45,478 (1)Corporate expenses primarily consist of infrastructure and support costs related to information technology, human resources, legal (including estimated costs for legal liabilities), finance, business services and administrative functions, as well as overall executive and support functions. Share-based compensation and certain restructuring and other costs are also included in corporate expenses.(2)Restructuring and other costs presented in this table exclude those costs related to corporate functions, which are included within the “Corporate expenses” line item.(3)In addition to capital expenditures paid during the reported periods, the Company had accrued but unpaid capital expenditures for continuing operations of $2.9 million and $6.5 million as of September 30, 2025 and 2024, respectively.

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

NOTE 4 – REVENUE

The Company generates revenue primarily from the sale of advertising on printed and digital out-of-home advertising displays. Certain revenue transactions are considered leases for