CCO Q2 2023 Earnings — Clear Channel Outdoor Holdings, Inc. Revenue & Financial Results | Market Cap Arena

CCOClear Channel Outdoor Holdings, Inc.

$1B

Q2 2023 Earnings

Communication Services Advertising Agencies

Income Statement

Revenue

$531M-17.5% YoY

Gross Profit

$265M49.8% margin

Operating Income

$52M9.9% margin

Net Income

-$37M-7.0% margin

EPS (Diluted)

$-0.08

QoQ Revenue Growth

+21.4%

Cash Flow

Operating Cash Flow

-$65M

Free Cash Flow

-$102M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$4.8B

Total Liabilities

$8.2B

Stockholders' Equity

-$3.4B

Cash & Equivalents

$233M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$531M	$643M	-17.5%
Gross Profit	$265M	$312M	-15.2%
Operating Income	$52M	$71M	-26.1%
Net Income	-$37M	-$66M	+43.2%

Revenue Segments

Americas Segment

$288M47%

Europe-North Segment

$150M24%

Europe-South Segment

$106M17%

Airports Segment

$71M12%

Geographic Segments

Americas

$359M58%

Europe

$256M42%