Clear Channel Outdoor Holdings, Inc.
clearchanneloutdoor.comWhat Do They Do?
Sells advertising on roadside billboards, street furniture and airport displays to national, local and regional advertisers.
10-K for FY2025, filed Feb 26, 2026We generate revenue by selling advertising on out-of-home displays we own or operate, including roadside billboards, street furniture and…View ↗
As of December 31, 2025, our America segment operated more than 48,200 displays across 28 U.S. DMAs, primarily concentrated in larger…View ↗
As of December 31, 2025, our Airports segment operated more than 12,700 displays across a focused portfolio of more than 60 commercial…View ↗
Large National Advertisers: To navigate the complex agency model, we have enhanced our traditional Account Executive sales approach by…View ↗
How Do They Make Money?
America sells roadside advertising, usually in four-week campaigns, with fees earned across each campaign; airport displays are sold for contract periods typically lasting four weeks to one year. Creative and production services earn fees when the ad is installed.
10-K for FY2025, filed Feb 26, 2026Our America segment generates revenue primarily by selling advertising on roadside billboards and other OOH displays across the U.S., with…View ↗
Our Airports segment offers advertising opportunities across a focused portfolio of more than 60 commercial airports, as well as a number…View ↗
The Company recognizes revenue when or as it satisfies a performance obligation by transferring a promised good or service to a customer.…View ↗
The Company also generates revenue from production and creative services that are distinct from advertising display services. Revenue from…View ↗
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10-K for FY2025, filed Feb 26, 2026
FY2025 revenue by reportable segment ↗
$1.6B
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10-K for FY2025, filed Feb 26, 2026
$1.6B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
America
Recurring
10-K for FY2025, filed Feb 26, 2026 |
75%
FY2022: 80%
|
America, FY2025
$1.2B Sources
|
Recurring |
|
Airports
Recurring
10-K for FY2025, filed Feb 26, 2026 |
25%
FY2022: 19%
|
Airports, FY2025
$407.1M Sources
|
Recurring |
Who Are Their Customers?
National advertisers work through advertising agencies and marketer-facing teams; local, regional and small businesses are served by local and inside sales teams, with automated self-service options also being developed.
10-K for FY2025, filed Feb 26, 2026Large National Advertisers: To navigate the complex agency model, we have enhanced our traditional Account Executive sales approach by…View ↗
Small Businesses: These customers typically seek simple, flexible advertising solutions and have lower average spend levels. To serve this…View ↗
Planning: We created an inventory-management system that provides real-time visibility into availability and pricing and established a…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 1 cent of every revenue dollar as net income in FY2025 and turned 2 cents into free cash flow.
10-K for FY2025, filed Feb 26, 2026
$310.6MView ↗
10-K for FY2025, filed Feb 26, 2026
$19.9MView ↗
10-K for FY2025, filed Feb 26, 2026
$32MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 5, 2026
−$5.3MView ↗
- ▼ Now a loss
- vs $9.5M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 5, 2026
Open tableView ↗
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Aug 5, 2026
Stockholders approved merger; company completed Spain sale
The merger still awaits regulatory approvals; Spain sale proceeds are intended to reduce debt.
Sources
8-K, filed Aug 5, 2026
On May 12, 2026, the Company’s stockholders approved the adoption of the Merger Agreement at a special meeting of stockholders. The Merger…View ↗
Shrinking. Revenue fell 9% in 4 years, from $1.8B in FY2021 to $1.6B in FY2025, about 2% a year.
A more U.S.-focused footprint
The older report described a scaled presence in the U.S. and Europe; the latest says it has sold most international operations and is focused on U.S. roadside, street-furniture and airport advertising, with Spain still held for sale.
10-K for FY2022, filed Feb 28, 2023 10-K for FY2025, filed Feb 26, 2026Clear Channel Outdoor Holdings, Inc. (the "Company", "we" or "us") is one of the world’s largest out-of-home advertising companies and the…View ↗
In 2023, we sold our businesses in Switzerland, Italy and France, which, along with our business in Spain, comprised our Europe-South…View ↗
As discussed in “Development of our Business,” we have completed the divestiture of substantially all of our international operations and…View ↗
As of December 31, 2025, our America segment operated more than 48,200 displays across 28 U.S. DMAs, primarily concentrated in larger…View ↗
As of December 31, 2025, our Airports segment operated more than 12,700 displays across a focused portfolio of more than 60 commercial…View ↗
Who Do They Compete With?
Competes with Lamar Advertising and Outfront Media
10-K for FY2025, filed Feb 26, 2026The U.S. OOH advertising industry is fragmented and highly competitive, consisting of other large operators such as Lamar Advertising…View ↗
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