Clear Channel Outdoor Holdings, Inc. Reports Results for 2015 Second Quarter
Revenues1 up 1%, excluding FX (reported revenues down 7%)
OIBDAN1 up 2%, excluding FX (reported OIBDAN1 down 4%)
San Antonio, July 30, 2015 – Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) today reported financial results for the second quarter ended June 30, 2015.
“We continue to provide advertisers and agencies with opportunities to use out-of-home advertising to test creative boundaries and create an even deeper sense of engagement with consumers, both in our Americas and International outdoor business,” said Bob Pittman, Chairman and CEO of Clear Channel Outdoor Holdings, Inc. “Outdoor provides tremendous flexibility for advertisers to coordinate their out-of-home spend with real-time events and product launches throughout the year and our team is leveraging our vast portfolio of outdoor assets and products to meet our clients’ needs. We continue to focus on financial performance and are pleased with our revenue growth across the board this quarter.”
“We continue to focus on execution and are pleased to deliver another quarter of growth in both top and bottom line,” said Scott Wells, CEO of Clear Channel Outdoor Americas. “Our local and digital advertising business in the Americas remains strong and revitalizing our national business remains a priority. We continue to build on the power of outdoor, as well as leverage our powerful portfolio of outdoor assets to engage with agencies, brands and advertisers across our markets.”
“We delivered another quarter of top line growth, with continued momentum in Europe and Australia,” said William Eccleshare, Chairman and CEO of Clear Channel International. “At the recent Cannes Lions Advertising Festival, we had an outstanding display of our digital and mobile capabilities, showcasing work by leading global brands and agencies. Our world class inventory and growing digital platform enables us to create powerful solutions for advertisers and reach consumers in innovative and creative ways.”