Company: CCO
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001334978-25-000012
Chunk: 30

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 30
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. (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.

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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 Ended March 31, 20252024RevenueAmerica$254,193 $249,777 Airports79,983 76,926 Other4 137 Total$334,180 $326,840 Segment Adjusted EBITDAAmerica$87,871 $95,464 Airports14,313 19,082 Other(190)(406)Total$101,994 $114,140 Reconciliation of Segment Adjusted EBITDA to Loss From Continuing Operations Before Income TaxesSegment Adjusted EBITDA$101,994 $114,140 Less reconciling items:Corporate expenses(1)19,780 29,874 Restructuring and other costs(2)5 1,626 Depreciation and amortization43,004 42,052 Other operating income, net(5,785)(3,297)Interest expense, net99,361 101,695 Loss on extinguishment of debt— 2,393 Other (income) expense, net(249)8,849 Loss from continuing operations before income taxes$(54,122)$(69,052)Capital Expenditures(3)America$9,819 $8,823 Airports2,234 1,639