Company: CCO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001334978-25-000037
Chunk: 56

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 56
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95,223 (14.7)%Depreciation and amortization43,873 46,222 (5.1)%130,212 130,775 (0.4)%Other operating expense (income), net107 341 (5,993)(3,046)Operating income80,717 66,736 203,131 179,051 Interest expense, net(101,053)(99,662) (296,440)(301,477) Loss on extinguishment of debt, net(43,752)— (14,956)(2,393)Other income (expense), net69 (820) 981 (9,220) Loss from continuing operations before income taxes(64,019)(33,746) (107,284)(134,039) Income tax benefit attributable to continuing operations14,432 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,