CCO Q1 2023 Earnings — Clear Channel Outdoor Holdings, Inc. Revenue & Financial Results | Market Cap Arena

CCOClear Channel Outdoor Holdings, Inc.

$1B

Q1 2023 Earnings

Communication Services Advertising Agencies

Income Statement

Revenue

$437M-16.8% YoY

Gross Profit

$185M42.3% margin

Operating Income

-$9M-2.1% margin

Net Income

-$35M-8.0% margin

EPS (Diluted)

$-0.07

QoQ Revenue Growth

-38.3%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

-$28M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$4.9B

Total Liabilities

$8.3B

Stockholders' Equity

-$3.3B

Cash & Equivalents

$340M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$437M	$526M	-16.8%
Gross Profit	$185M	$204M	-9.6%
Operating Income	-$9M	-$4M	-159.9%
Net Income	-$35M	-$90M	+61.2%

Revenue Segments

Americas Segment

$236M45%

Europe-North Segment

$129M24%

Europe-South Segment

$108M21%

Airports Segment

$54M10%

Geographic Segments

Americas

$290M55%

Europe Segment

$237M45%