Clear Channel Outdoor reports Q2 revenue $558.54M, consensus $562.37M

Reports Q2 adjusted EBITDA $142.9M. “We delivered second quarter consolidated revenue of $559 million, an increase of 5.2%, or 5.4% excluding movements in foreign exchange rates, with growth in our America, Airports and Europe-North segments,” said Scott Wells, Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. “Our performance reflects healthy demand from advertisers across the majority of our markets, with notable strength in our Airports and Europe-North segments. We also benefited from solid execution across a range of ongoing initiatives aimed at broadening our revenue base.”