CCO Q3 2023 Earnings — Clear Channel Outdoor Holdings, Inc. Revenue & Financial Results | Market Cap Arena

CCOClear Channel Outdoor Holdings, Inc.

$1B

Q3 2023 Earnings

Communication Services Advertising Agencies

Income Statement

Revenue

$527M+4.7% YoY

Gross Profit

$255M48.5% margin

Operating Income

$70M13.2% margin

Net Income

-$263M-50.0% margin

EPS (Diluted)

$-0.55

QoQ Revenue Growth

-0.8%

Cash Flow

Operating Cash Flow

$53M

Free Cash Flow

$15M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$4.6B

Total Liabilities

$8.3B

Stockholders' Equity

-$3.7B

Cash & Equivalents

$313M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$527M	$503M	+4.7%
Gross Profit	$255M	$262M	-2.5%
Operating Income	$70M	$81M	-13.8%
Net Income	-$263M	-$40M	-562.8%

Revenue Segments

Americas Segment

$279M55%

Europe-North Segment

$149M30%

Airports Segment

$76M15%

Geographic Segments

Americas

$354M70%

Europe

$149M30%