Company: CCO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001334978-25-000037
Chunk: 4

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 4
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14,432 5,672  8,726 11,327  Loss from continuing operations(49,587)(28,074) (98,558)(122,712) Income (loss) from discontinued operations(9,262)(3,482)113,571 (36,561)Consolidated net income (loss)(58,849)(31,556)15,013 (159,273)Less: Net income attributable to noncontrolling interests1,245 984  3,078 2,104  Net income (loss) attributable to the Company$(60,094)$(32,540) $11,935 $(161,377) 

Consolidated Revenue

Consolidated revenue increased by $30.4 million, or 8.1%, for the three months ended September 30, 2025, and by $64.1 million, or 5.9%, for the nine months ended September 30, 2025, compared to the same periods in 2024. These increases were primarily driven by the new roadside billboard contract with the Metropolitan Transportation Authority (“MTA”) and, to a lesser extent, improved performance in the San Francisco/Bay Area market within the America segment, as well as strong advertising demand in the Airports segment.

Revenue growth in both periods was primarily attributable to higher digital revenue. The table below provides additional information on consolidated digital revenue.

(In thousands)Three Months EndedSeptember 30,%Nine Months EndedSeptember 30,%20252024Change20252024ChangeDigital revenue$170,963$147,88615.6%$487,152$425,45214.5%Percent of total consolidated revenue42.1 %39.4 %42.6 %39.4 %

Consolidated Direct Operating Expenses

Consolidated direct operating expenses increased by $17.3 million, or 10.4%, for the three months ended September 30, 2025, and by $49.2 million, or 10.0%, for the nine months ended September 30, 2025, compared to the same periods in 2024. These increases were primarily driven by higher site lease expense, reflecting the impact of the MTA contract in the America segment and revenue growth in the Airports segment. For the nine-month period, the increase also reflected lower rent abatements.

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The table below provides additional information