CCO Q2 2024 Earnings — Clear Channel Outdoor Holdings, Inc. Revenue & Financial Results | Market Cap Arena

CCOClear Channel Outdoor Holdings, Inc.

$1B

Q2 2024 Earnings

Communication Services Advertising Agencies

Income Statement

Revenue

$376M-29.1% YoY

Gross Profit

$209M55.6% margin

Operating Income

$68M18.2% margin

Net Income

-$39M-10.4% margin

EPS (Diluted)

$-0.08

QoQ Revenue Growth

-21.9%

Cash Flow

Operating Cash Flow

$31M

Free Cash Flow

$5M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$4.5B

Total Liabilities

$8.1B

Stockholders' Equity

-$3.6B

Cash & Equivalents

$189M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$376M	$531M	-29.1%
Gross Profit	$209M	$265M	-20.9%
Operating Income	$68M	$52M	+30.5%
Net Income	-$39M	-$37M	-5.0%

Revenue Segments

Americas Segment

$290M52%

Europe-North Segment

$165M29%

Airports Segment

$86M15%

Other Segments

$17M3%

Geographic Segments

Americas

$376M70%

Europe

$165M30%