Company: CCO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001334978-25-000027
Chunk: 15

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 15
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 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 June 30,Six Months Ended June 30, 2025202420252024RevenueAmerica$303,111 $290,207 $557,304 $539,984 Airports99,685 86,219 179,668 163,145 Other12 57 16 194 Total$402,808 $376,483 $736,988 $703,323 Segment Adjusted EBITDAAmerica$127,601 $126,980 $215,472 $222,444 Airports24,347 19,082 38,660 38,164 Other(381)(387)(571)(793)Total$151,567 $145,675 $253,561 $259,815 Reconciliation of Segment Adjusted EBITDA to Income (Loss) From Continuing Operations Before Income TaxesSegment Adjusted EBITDA$151,567 $145,675 $253,561 $259,815 Less reconciling items:Corporate expenses(1)31,123 34,047 50,903 63,921 Restructuring and other costs(2)— 787 5 2,413 Depreciation and amortization43,335 42,501 86,339 84,553 Other operating income, net(315)(90)(6,100)(3,387)Interest expense, net96,026 100,120 195,387 201,815 (Gain) loss on extinguishment of debt(28,796)—