Clear Channel Outdoor ( (CCO) ) has shared an update.
Clear Channel Outdoor Holdings, Inc. reported its financial results for the fourth quarter and full year of 2024, revealing a strategic shift towards focusing on higher margin U.S. markets following the sale of its Europe-North segment and businesses in Mexico, Chile, and Peru. The company’s America segment achieved record revenue driven by digital and local sales, contributing to a consolidated revenue increase despite losing a Singapore contract. Ongoing initiatives include expanding its digital footprint and leveraging data analytics to enhance its position in the digital advertising ecosystem. The company also announced plans to sell its remaining Latin American business in Brazil and resume efforts for its business in Spain.
More about Clear Channel Outdoor
Clear Channel Outdoor Holdings, Inc. operates within the advertising industry, focusing primarily on outdoor advertising solutions. The company specializes in digital and traditional billboard advertising, with a significant market presence in the United States and international markets.
YTD Price Performance: -3.57%
Average Trading Volume: 1,193,295
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $660.3M
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