Clear Channel Outdoor Holdings, Inc. (CCO) Earnings
Clear Channel Outdoor Holdings, Inc. is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $-0.01. CCO has beaten EPS estimates in 8 of its last 12 reported quarters (average surprise +22.5% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $-0.09 | $-0.10 | -11.1% | $374M | +7.2% |
| Feb 26, 2026 | $0.01 | $0.02 | +60.9% | $462M | +2.8% |
| Nov 6, 2025 | $-0.04 | $-0.03 | +25.0% | $406M | -9.7% |
| May 1, 2025 | $-0.13 | $-0.11 | +15.4% | $334M | -16.0% |
| Oct 31, 2024 | $-0.06 | $-0.06 | +0.0% | $375M | -42.2% |
| May 9, 2024 | $-0.17 | $-0.19 | -11.8% | $482M | +0.7% |
| Feb 26, 2024 | $0.04 | $0.05 | +29.9% | $632M | +3.6% |
| Feb 28, 2023 | $0.04 | $0.20 | +368.7% | $709M | -1.1% |
| Feb 24, 2022 | $0.04 | $0.13 | +205.6% | $743M | +0.3% |
| Jul 29, 2021 | $-0.24 | $-0.27 | -12.5% | $531M | +0.0% |
| Feb 25, 2021 | $-0.18 | $-0.07 | +61.1% | $541M | -31.0% |
| Aug 7, 2020 | $-0.38 | $-0.30 | +21.1% | $315M | -21.1% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q4 FY2025 · February 26, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• National trends: New inventory lapping, auto insurance, pharma, AI, tech, banking/financial services driving growth. • 2026 confidence: Early dialogues show good increases, new advertisers, macro events like 250th birthday and FIFA. • Local business: Local advertisers looking to grow, In-Flight Insights enabling deals. • New York and San Francisco performance: New York ahead of bid, San Francisco positive supply-demand. • Pharma and other verticals: Pharma spending trending up, focus on beverages, autos, travel, higher ed. • Measurement: Industry working on new measurement system, Radar suite tools, OAAA and GeoPath leading efforts. • Airport segment: Strong profit flow, tactical exclusives and activations, but facing renewals.
Guidance
• Top line growth expected in 4%-5% range, bottom line 6%-8% in next few years, with next year likely strong. • Margin target of above 20% despite airport contract renewals pressure. • Evaluating ways to de-lever balance sheet, with parties engaged but no announcement yet.
Segment performance
New York: Well ahead of the bid that won the MTA billboard contract, cash flow positive this year, and early returns show good start. San Francisco: Positive supply-demand dynamic, occupancy and rate increases on marquee units. Local business: Consistent, with some competitive dynamics, and In-Flight Insights driving deals. LA market: Started rough with fires and media/entertainment changes, but team built out. Airport segment: Strong revenue growth, good advertiser demand, but facing contract renewals which may pressure margins.
Risks & headwinds
• Airport contract renewals may pressure margins. • L.A. market recovery still in progress with media/entertainment changes. • Measurement system development and adoption challenges, including cost and agency buy-in. • Competition in airport renewal RFPs.
Analyst Q&A
Q: Talk about L.A. market recovery and green shoots.
A: LA started rough with fires, media/entertainment changed, but team built out.
Q: Size of LA market in revenue.
A: Around 10%-11% of total revenue, ~$140 million in good year.
Q: Pharma spend trend and new verticals.
A: Pharma spend trending up, focus on beverages, autos, travel, higher ed.
Q: Evidence of linear disruption on out of home.
A: Money from linear TV, search cost issues driving interest.
Q: Measurement progress.
A: Industry working on new system, trial in 2026, mainstream 2027.
Q: Airport segment strength and advertiser demand.
A: Strong revenue growth, good demand, but facing renewals.
Q: Margin expansion and airport renewals.
A: Target above 20%, renewals not imminent.
Q: Leverage profile de-leveraging.
A: Working on it, no announcement yet