CCO Q4 2023 Earnings — Clear Channel Outdoor Holdings, Inc. Revenue & Financial Results | Market Cap Arena

CCOClear Channel Outdoor Holdings, Inc.

$1B

Q4 2023 Earnings

Communication Services Advertising Agencies

Income Statement

Revenue

$632M-10.9% YoY

Gross Profit

$330M52.1% margin

Operating Income

$124M19.7% margin

Net Income

$25M3.9% margin

EPS (Diluted)

$0.07

QoQ Revenue Growth

+20.0%

Cash Flow

Operating Cash Flow

$33M

Free Cash Flow

-$21M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$4.7B

Total Liabilities

$8.2B

Stockholders' Equity

-$3.5B

Cash & Equivalents

$172M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$632M	$709M	-10.9%
Gross Profit	$330M	$357M	-7.7%
Operating Income	$124M	$103M	+20.4%
Net Income	$25M	$99M	-74.9%

Revenue Segments

Americas Segment

$299M50%

Europe-North Segment

$192M32%

Airports Segment

$111M18%

Geographic Segments

Americas

$410M66%

Europe

$214M34%