Company: CCO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001334978-25-000008
Chunk: 72

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 72
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 expenses, excluding restructuring and other costs. Restructuring and other costs are defined as costs associated with cost-saving initiatives such as severance, consulting and termination costs and other special costs.

•Corporate expenses, depreciation and amortization, impairment charges, other operating income and expense, non-operating income and expenses, and income taxes are managed on a total company basis and are therefore only included in our discussion of consolidated results of continuing operations.

•Results of discontinued operations are presented and discussed separately from the results of continuing operations.

Consolidated Results of Continuing Operations

(In thousands)Year Ended December 31, 202420232022Revenue$1,505,230 $1,434,186 $1,381,564 Operating expenses:Direct operating expenses(1)680,578 660,336 588,780 Selling, general and administrative expenses(1)252,907 235,470 231,233 Corporate expenses(1)126,904 129,248 118,762 Depreciation and amortization173,998 196,811 173,726 Impairment charges— — 22,676 Other operating income, net(8,340)(4,488)(9,466)Operating income279,183 216,809 255,853 Interest expense, net(401,541)(398,050)(334,055)Gain (loss) on extinguishment of debt(2,393)3,817 — Other expense, net(8,378)(5,699)(784)Loss from continuing operations before income taxes(133,129)(183,123)(78,986)Income tax benefit attributable to continuing operations9,365 23,679 89,907 Income (loss) from continuing operations(123,764)(159,444)10,921 Loss from discontinued operations(52,114)(149,372)(105,309)Consolidated net loss(175,878)(308,816)(94,388)Less: Net income attributable to noncontrolling interests3,376 2,106 2,216 Net loss attributable to the Company$(179,254)$(310,922)$(96,604)

(1)Excludes depreciation and amortization

Consolidated Revenue

Our revenue is generated from selling advertising on out-of-home displays we own or operate, including roadside billboards, street furniture and airport displays. Our portfolio includes both printed and digital displays.

Cons