Clear Channel Outdoor Holdings, Inc. Reports Results for 2015 First Quarter
Revenues1 up 5%, excluding FX (reported revenues down 3%)
OIBDAN1 up 11%, excluding FX (reported OIBDAN1 up 7%)
San Antonio, April 30, 2015 – Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) today reported financial results for the first quarter ended March 31, 2015.
“We continue to engage global consumers and meet the needs of brands and agencies through our industry-leading innovation and creativity,” said Bob Pittman, Chairman and CEO of Clear Channel Outdoor Holdings, Inc. “Our Americas and International Outdoor teams are working tirelessly to prove the value of outdoor to local, national and global advertisers, as demonstrated by our strong results in the first quarter.”
“Our focus on execution and the expansion of our digital portfolio helped us achieve strong top and bottom line results in the first quarter,” said Scott Wells, CEO of Clear Channel Outdoor Americas. “We are driving growth in many U.S. markets and are leveraging both our digital and traditional outdoor assets to help our advertisers realize the powerful value proposition of outdoor in reaching the mobile and connected consumer.”
“We are driving growth across key markets both in developed and emerging countries and are very pleased with our strong performance in the first quarter of the year,” said William Eccleshare, Chairman and CEO of Clear Channel International. “We’re extending our industry leadership 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.”