Company: CCO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001334978-25-000027
Chunk: 12

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 12
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 7,532 12,130 Income (loss) from discontinued operations before net gain (loss) on sold or held-for-sale businesses and/or income taxes14,467 (9,851)(5,700)(29,615)Gain (loss) on sold and held-for-sale businesses, net(7)(7,641)— 131,973 — Income tax expense attributable to discontinued operations(2,508)(3,369)(3,440)(3,464)Income (loss) from discontinued operations, net of income taxes$4,318 $(13,220)$122,833 $(33,079)(1)Discontinued operations for the three months ended June 30, 2025 includes results from the Company’s businesses in Spain and Brazil.(2)Discontinued operations for the three months ended June 30, 2024 and for the six months ended June 30, 2025 and 2024 include results from the Company’s businesses in Spain and Brazil, its former Europe-North segment businesses through their date of sale (March 31, 2025), and its former Latin American businesses in Mexico, Peru and Chile through their date of sale (February 5, 2025).(3)Excludes depreciation and amortization.(4)Impairment charges for the three and six months ended June 30, 2024 reflect the impairment of certain long-lived assets in the Company’s Latin American businesses.(5)Interest expense primarily relates to the $375.0 million aggregate principal balance of outstanding debt issued by CCIBV. On March 22, 2024, CCIBV entered into the CCIBV Term Loan Facility and used the proceeds to redeem all of the outstanding 6.625% Senior Secured Notes due 2025 (the “CCIBV Senior Secured Notes”). On March 31, 2025, CCIBV fully prepaid the CCIBV Term Loan Facility. Upon repayment, CCIBV and the guarantors under the credit agreement that governed the CCIBV Term Loan Facility, and all collateral granted as security thereunder, were released, and the credit agreement was terminated.(6)Other expense (income), net, primarily consists of transaction costs related to international sales processes, gains and losses on the sale of operating assets, foreign currency gains and losses on intercompany notes, and financing-related items. Related to the financing transactions described in note (5) to this table, this line includes a $5