Company: CCO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001334978-25-000037
Chunk: 34

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 34
---
 expenses(3)6,678 38,873 50,500 112,591 Corporate expenses(3)1,598 9,920 11,819 31,056 Depreciation and amortization— 11,360 — 34,980 Impairment charges(4)— — — 18,073 Interest expense, net(5)743 7,333 7,966 20,583 Other expense, net(6)1,940 4,045 9,472 16,175 Loss from discontinued operations before net gain (loss) on sold and held-for-sale businesses and/or income taxes(3,970)(1,610)(9,670)(31,225)Gain (loss) on sold and held-for-sale businesses, net(7)(4,156)— 127,817 — Income tax expense attributable to discontinued operations(1,136)(1,872)(4,576)(5,336)Income (loss) from discontinued operations, net of income taxes$(9,262)$(3,482)$113,571 $(36,561)(1)Discontinued operations for the three months ended September 30, 2025 include results from the Company’s business in Spain and its former business in Brazil, which was sold on October 1, 2025.(2)Discontinued operations for the three months ended September 30, 2024, and for the nine months ended September 30, 2025 and 2024, include results from the Company’s business in Spain, its former business in Brazil (sold on October 1, 2025), its former Europe-North segment through its date of sale (March 31, 2025), and its former businesses in Mexico, Peru and Chile through their date of sale (February 5, 2025).(3)Excludes depreciation and amortization.(4)Impairment charges for the nine months ended September 30, 2024 reflect the impairment of certain long-lived assets in the Company’s former Latin American businesses.(5)Interest expense primarily relates to the $375.0 million aggregate principal balance of outstanding debt issued by CCIBV. On March 22, 2024, CCIBV entered into the CCIBV Term Loan Facility and used the proceeds to redeem all of the outstanding 6.625% Senior Secured Notes due 2025 (the “CCIBV Senior Sec