Company: CCO
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001334978-25-000027
Chunk: 32

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 32
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) (48,971)(94,638) Income (loss) from discontinued operations4,318 (13,220)122,833 (33,079)Consolidated net income (loss)10,649 (38,634)73,862 (127,717)Less: Net income attributable to noncontrolling interests1,129 536  1,833 1,120  Net income (loss) attributable to the Company$9,520 $(39,170) $72,029 $(128,837) 

Consolidated Revenue

Consolidated revenue increased by $26.3 million, or 7.0%, for the three months ended June 30, 2025, and by $33.7 million, or 4.8%, for the six months ended June 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”) in the America segment and strong advertising demand in the Airports segment.

Consolidated revenue growth in both periods was attributable to increases in digital revenue. The table below provides additional information on consolidated digital revenue:

(In thousands)Three Months EndedJune 30,%Six Months EndedJune 30,%20252024Change20252024ChangeDigital revenue$177,308$150,73717.6%$316,189$277,56613.9%Percent of total consolidated revenue44.0 %40.0 %42.9 %39.5 %

Consolidated Direct Operating Expenses

Consolidated direct operating expenses increased by $18.4 million, or 11.0%, for the three months ended June 30, 2025, and by $31.8 million, or 9.9%, for the six months ended June 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 and increased Airports revenue. For the six-month period, the increase in site lease expense also included the impact of lower rent abatements.

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The table below provides additional information on certain drivers of consolidated direct operating expenses:

(In thousands)Three Months EndedJune 30,%Six Months EndedJune 30,%20252024Change20252024ChangeSite lease expense$154,030 $137,532