Outfront Media Inc. (OUT) Earnings
Outfront Media Inc. is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $0.38. OUT has beaten EPS estimates in 5 of its last 12 reported quarters (average surprise +7.9% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.28 | $0.34 | +21.4% | $430M | -0.4% |
| Feb 25, 2026 | $0.71 | $0.73 | +2.8% | $513M | +22.2% |
| Nov 6, 2025 | $0.50 | $0.57 | +14.0% | $468M | -8.6% |
| May 8, 2025 | $0.15 | $0.14 | -6.7% | $391M | -15.8% |
| Feb 25, 2025 | $0.63 | $0.69 | +9.5% | $493M | +0.6% |
| May 2, 2024 | $0.14 | $0.14 | +0.0% | $409M | -0.7% |
| Feb 21, 2024 | $0.66 | $0.64 | -3.0% | $501M | +1.1% |
| Nov 2, 2023 | $0.43 | $0.47 | +9.3% | $455M | -1.3% |
| Aug 3, 2023 | $0.52 | $0.48 | -7.7% | $469M | -0.8% |
| May 3, 2023 | $0.16 | $0.05 | -68.8% | $396M | +3.1% |
| Feb 22, 2023 | $0.71 | $0.57 | -19.7% | $495M | -0.1% |
| Nov 3, 2022 | $0.56 | $0.54 | -3.6% | $454M | +0.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
We are pleased to report first quarter results better than anticipated, driven by strong demand and execution. Billboard revenues up 7.1% with certain items impacting, transit grew 22% led by NY MTA. Digital revenue grew over 11%, programmatic and digital direct automated sales increased nearly 40%. Investments in technology, workflow, and CapEx planned. New brand platform launched as 'Outfront is the leader in IRL media'.
Guidance
Q2 revenue growth expected to accelerate to over 10% year-on-year, driven by ~30% growth in transit and mid-single-digit growth in billboard, including World Cup benefit and LA contract exit headwind. 2026 consolidated AFFO expected to grow in the mid-teens relative to 2025 AFFO.
Segment performance
Consolidated revenues were up 10% driven by 22% growth in transit and 7% growth in billboard. Consolidated OIBDA was up 56% to about $100 million and AFFO more than doubled to $61 million. Billboard revenues were up 7.1%, with transit growing 22% led by the New York MTA which was up over 26% in Q1. Billboard yield growth was up 11% year-over-year to over $2.9 thousand per month. In total, billboard expenses were up about $5 million, or approximately 2% year-over-year. Transit expenses were up $4.5 million, or just under 5% year-over-year.
Risks & headwinds
Factors causing actual results to differ from forward-looking statements listed in earnings materials and SEC filings. Impact of industry measurement modernization. Uncertainties related to peers going private and asset sales impact.
Analyst Q&A
Q: Industry outlook on measurement modernization and Outfront's partnerships.
A: Matthew Siegel discussed industry lag on measurement, partnerships like AdQuick help.
Q: Peer being taken private and World Cup impact.
A: Matthew Siegel on peers, World Cup impact sizing not shared yet.
Q: Transit growth upside and FIFA benefit.
A: Matthew and Nick on transit growth drivers, FIFA benefit in billboard and transit.
Q: MTA revenue share and San Francisco post-events.
A: Matthew on MTA revenue share, Nick on San Francisco tech company impact.