OUTFRONT Media Inc.
outfront.comWhat Do They Do?
Sells advertising space on billboards and transit displays to advertisers across the United States.
10-K for FY2025, filed Feb 26, 2026
How Do They Make Money?
Advertisers pay to display ads on billboards and transit displays. Traditional billboard and transit contracts generally run for four weeks to one year, with billing starting at the beginning and payment generally due within 30 days; platform sales are paid over the ad display or delivery period.
10-K for FY2025, filed Feb 26, 2026Billboard display revenues are derived from providing advertising space to customers on our physical billboards or other outdoor…View ↗
Transit display revenues are derived from agreements with municipalities and transit operators, which entitle us to operate advertising…View ↗
Billboard display and Transit display revenues generated from programmatic advertising platforms are recognized as rental income as the…View ↗
Our traditional billboard display and transit display contracts with customers range from four weeks to one year and billing commences at…View ↗
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10-K for FY2025, filed Feb 26, 2026
FY2025 revenue by reportable segment ↗
$1.8B
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10-K for FY2025, filed Feb 26, 2026
$1.8B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Billboard Operating Segment
Recurring
10-K for FY2025, filed Feb 26, 2026 |
76%
FY2022: 74%
|
Billboard Operating Segment, FY2025
$1.4B Sources
|
Recurring |
|
Transit Operating Segment
Recurring
10-K for FY2025, filed Feb 26, 2026 |
24%
FY2022: 21%
|
Transit Operating Segment, FY2025
$431.2M Sources
|
Recurring |
Who Are Their Customers?
Advertisers buy display space and related campaign services; agencies can place advertising for them. Traditional contracts are billed at the start of the term, with payment generally due within 30 days.
10-K for FY2025, filed Feb 26, 2026We believe out-of-home continues to be an attractive and trusted form of advertising, as our displays have an IRL presence, are always…View ↗
Our traditional billboard display and transit display contracts with customers range from four weeks to one year and billing commences at…View ↗
For space provided to advertisers through the use of an advertising agency whose commission is calculated based on a stated percentage of…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 8 cents of every revenue dollar as net income in FY2025 and turned 12 cents into free cash flow.
10-K for FY2025, filed Feb 26, 2026
$293.5MView ↗
10-K for FY2025, filed Feb 26, 2026
$147MView ↗
10-K for FY2025, filed Feb 26, 2026
$218.8MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
$77.5MView ↗
- ▲ +297%
- vs $19.5M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
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Aug 5, 2026
OUTFRONT raised its quarterly dividend to $0.33 per share
The board declared the dividend, payable September 30, 2026.
Sources
8-K, filed Aug 5, 2026
On August 5, 2026, the Company announced that its board of directors has declared a quarterly cash dividend of $0.33 per share on the…View ↗
Growing. Revenue grew 25% in 4 years, from $1.5B in FY2021 to $1.8B in FY2025, about 6% a year.
U.S.-only footprint
The latest report describes advertising displays across the United States, while the older report also included displays in Canada; the company later sold its Canadian outdoor advertising business.
10-K for FY2022, filed Feb 23, 2023 10-K for FY2025, filed Feb 26, 2026OUTFRONT Media is a real estate investment trust (“REIT”), which provides advertising space (“displays”) on out-of-home advertising…View ↗
Who Do They Compete With?
Competes with Lamar, Clear Channel Outdoor, JCDecaux, and Intersection
10-K for FY2025, filed Feb 26, 2026The outdoor advertising industry is fragmented, consisting of several companies operating on a national basis, including our company…View ↗
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