Clear Channel Outdoor Holdings, Inc. Reports Results for 2014 Fourth Quarter And Full Year
Fourth quarter revenues down 1% — Excluding the impact of foreign exchange rates, revenues1 up 4%
Fourth quarter OIBDAN1 up 5% — Excluding the impact of foreign exchange rates, OIBDAN1 up 8%
Full year revenues up 1%
Full year OIBDAN1 flat — Excluding impact of foreign exchange rates, OIBDAN1 up 1%
San Antonio, February 19, 2015 – Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) today reported financial results for the fourth quarter and full year ended December 31, 2014.
“With their industry-leading innovation and award-winning creativity, our team continues to prove the value of outdoor to local, national and global advertisers,” said Bob Pittman, Executive Chairman of Clear Channel Outdoor Holdings, Inc. “At International outdoor, we continued to drive growth across key markets both in developed and emerging countries and we saw consistent improvement in our Americas business throughout the year. Our continued focus on the expansion of our digital portfolio as well as superior execution drove both top and bottom line results for us in 2014. Looking ahead to 2015, we will continue to use technology and creativity to engage global consumers and meet the needs of brands and agencies in advertising, creative and media.”
“I’m pleased at the strong performance of our International outdoor business in 2014, driving revenue growth across Western Europe, as well as in key emerging markets,” said Chief Executive Officer William Eccleshare. “In the Americas, we faced tough challenges in the first half of the year, but our focus on working smarter, faster, and more efficiently resulted in consistent improvement throughout the year. We continue to be an industry leader in the integration of out-of-home with mobile and social platforms, and our growing digital platform enables us to provide powerful solutions for advertisers with the scale and flexibility they demand.”