OUTFRONT Media

OUTFRONT Media, Inc. leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S. and Canada. It operates through the U.S. Media and other segments. The U.S. Media segment includes U.S. Billboard and Transit. The company was founded in 1938 and is headquartered in New York, NY.

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OUTFRONT Media (OUT) posts strong Q4 results amid industry growth

OUTFRONT Media (OUT) reported strong Q4 2022 results, with revenue and OIBDA growth, driven by robust performances in the U.S. media segment and digital advertising.
While facing challenges such as increased expenses and margin pressures, the company's financial stability, acquisitions, and growth outlook position it well for the future.
Opportunities lie in segment-specific revenue growth, industry expansion, and strategic decision-making based on analyst insights and market trends.
Overall, OUTFRONT Media's performance, strengths, challenges, and opportunities indicate a resilient position in the out-of-home advertising market with a positive growth trajectory.

OUTFRONT Media reports Q1 revenue growth, eyes automation for growth

OUTFRONT Media delivered solid revenue growth in Q1 2023, with a strong focus on local and digital segments.
Despite facing challenges with declining OIBDA and increased expenses, the company remains optimistic about future performance.
With a positive outlook for 2023, strategic opportunities in automation and industry growth are key focus areas for OUTFRONT Media.

OUTFRONT Media reports mixed Q2 results, focuses on revenue diversification

OUTFRONT Media's Q2 2023 performance reflects mixed results with revenue growth in key segments but challenges from impairment charges and cost pressures.
The company's strengths lie in its market dominance in U.S. media and billboard segments, along with successful digital revenue growth.
Challenges include financial setbacks from impairment charges and cost escalations, highlighting the need for strategic adjustments.
Opportunities exist in leveraging strong performance areas, enhancing local advertising, and optimizing operational efficiencies for sustained growth.

OUTFRONT Media reports mixed Q3 results, focuses on digital growth

OUTFRONT Media's Q3 performance reflects a mixed revenue picture with slight growth in total revenue but declines in adjusted OIBDA and AFFO, driven by higher expenses and lower OIBDA margins.
The pending sale of the Canadian business, focus on digital revenue growth, and strategic cost management efforts position the company for long-term financial stability and potential growth opportunities.
While facing challenges from industry disruptions and leverage concerns, OUTFRONT Media has opportunities to optimize revenue streams, enhance operational efficiency, and capitalize on digital advertising trends for future growth.

OUTFRONT Media reports Q4 revenue growth, eyes digital expansion

OUTFRONT Media's Q4 2023 earnings call highlighted solid revenue growth, particularly in the U.S. billboard business and digital segment. The company's strategic accomplishments in 2023, including the sale of the Canadian business, position it well for future growth. Analyst inquiries focused on key financial metrics and growth drivers for 2024.

OUTFRONT Media posts solid Q1 results, digital and local revenue shine

OUTFRONT Media delivered a strong Q1 performance driven by robust local revenue growth and record U.S. billboard yields. While facing challenges in national revenue, the company remains well-positioned for growth with a focus on digital revenue expansion and sustainable transit advertising partnerships.

OUTFRONT Media excels in Q2 with strong U.S. media growth

OUTFRONT Media's Q2 performance reflects a strong focus on operational efficiency and revenue growth in the U.S. Media segment.
The company's strategic initiatives, including the sale of the Canadian business and emphasis on digital offerings, are driving positive results.
While facing challenges such as evolving advertising trends and capital reallocation post the Canadian business sale, OUTFRONT Media remains well-positioned for future growth.
By leveraging opportunities in digital advertising, transit growth, and strategic investments, OUTFRONT Media can enhance its market position and drive sustained performance.

OUTFRONT Media excels in U.S. Media post Canadian business sale

OUTFRONT Media's U.S. Media segment showed strong revenue and OIBDA growth post the Canadian business sale.
Despite challenges like expense increases, the company's financial performance remained robust in Q3 2024.
Approval of a special dividend and no impairment charge reflect a shareholder-friendly and cost-efficient approach.
Strategic opportunities lie in optimizing revenue streams and managing expenses for sustained growth.

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Revenues of $477.3 million Operating income of $229.1 million  Net income attributable to OUTFRONT Media Inc. of $176.8 million Adjusted OIBDA of $126.0 million AFFO attributable to OUTFRONT Media Inc. of $84.8 million Quarterly dividend of $0.30 per share, payable September 27, 2024 NEW YORK , Aug. 6, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) today reported results for the quarter ended June 30, 2024. "Our U.S. Media business continued to display solid growth during the quarter, with revenue up 4% and Adjusted OIBDA up nearly double that, demonstrating the operating leverage in our business" said Jeremy Male, Chairman and Chief Executive Officer of OUTFRONT Media.

OUTFRONT Media Reports Second Quarter 2024 Results

NEW YORK , Aug. 6, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) announced today that its board of directors has declared a quarterly cash dividend on the Company's common stock of $0.30 per share payable on September 27, 2024, to shareholders of record at the close of business on September 6, 2024. About OUTFRONT Media Inc. OUTFRONT leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in the United States.

OUTFRONT Media Announces Quarterly Dividend

NEW YORK , July 17, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) announced today that it will report results for the fiscal quarter ended June 30, 2024 after the market closes on Tuesday, August 6, 2024. The earnings announcement will be available in the Investor Relations section of the Company's website, www.outfront.com.

OUTFRONT Media To Report 2024 Second Quarter Results on August 6, 2024

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OUTFRONT Media announces the completion of the sale of its Canadian business to Bell Media for C$410 million.

OUTFRONT Media (OUT) Sells its Canadian Business to Bell Media

BCE's unit Bell Media acquires OUTFRONT Media's Canada-based business in an all-cash deal worth C$410 million.

BCE's Bell Media Acquires OUTFRONT's Canada-Based Business

NEW YORK , June 10, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) and Bell Media Inc., a wholly-owned subsidiary of BCE Inc. (TSX, NYSE: BCE), announced today that they have closed the sale of OUTFRONT Media's Canadian business to Bell Media for a purchase price of C$410 million in cash, subject to certain purchase price adjustments. Jeremy Male, Chairman and Chief Executive Officer of OUTFRONT Media, said: "The sale of our Canadian business illustrates the inherent value of our out-of-home assets, and will enable us to proactively reduce our financial leverage and also focus entirely on operating what is now a fully domestic business here in the United States.

OUTFRONT Media and Bell Media Announce Closing of the Sale of OUTFRONT Media's Canadian Business

We rated Outfront Media Inc. as a Sell due to concerns about leverage and cyclicality of earnings. Q1-2024 results showed decent performance with total revenues up 3.2% and strong growth in local revenues. The company's debt profile is a concern, but the sale of the Canadian business and expected revenue growth in Q3 and Q4 will improve the situation.

Outfront Media: 8.7% Yielder Will Give You A Raise, But Don't Get Too Excited

OUTFRONT Media's (OUT) diversified advertising sites and strategic investments for the digital billboard portfolio bode well. However, competition from its industry peers and high expenses are worrisome.

Here's Why You Should Retain OUTFRONT Media (OUT) Stock Now

Crown Castle International

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Outfront Media (OUT) and Crown Castle (CCI). But which of these two stocks is more attractive to value investors?

OUT vs. CCI: Which Stock Should Value Investors Buy Now?

A diverse portfolio of advertising sites and strategic investments for a digital billboard portfolio is likely to support OUTFRONT Media's (OUT) performance.

Here's Why OUTFRONT Media (OUT) is an Apt Portfolio Pick for Now

NEW YORK , May 17, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) announced today that Jeremy Male, Chairman and Chief Executive Officer, is scheduled to present at J.P. Morgan's 52nd Annual Global Technology, Media and Communications Conference on Tuesday, May 21, 2024 at 2:25 p.m.

OUTFRONT Media Chief Executive Officer Jeremy Male to Participate in J.P. Morgan's 52nd Annual Global Technology, Media and Communications Conference

Outfront Media (OUT) possesses solid growth attributes, which could help it handily outperform the market.

Here is Why Growth Investors Should Buy Outfront Media (OUT) Now

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Outfront Media (OUT) and Crown Castle (CCI). But which of these two companies is the best option for those looking for undervalued stocks?

OUT or CCI: Which Is the Better Value Stock Right Now?

OUTFRONT Media (OUT) Q1 2024 results reflect a rise in billboard revenues. However, higher operating expenses and interest expense pose concerns.

OUTFRONT Media (OUT) Q1 AFFO Meets Estimates, Revenues Up Y/Y

The headline numbers for Outfront Media (OUT) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Outfront Media (OUT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

OUTFRONT Media Inc. (NYSE:OUT ) Q1 2024 Earnings Conference Call May 2, 2024 4:30 PM ET Company Participants Stephan Bisson - Vice President, Investor Relations Jeremy Male - Chairman & Chief Executive Officer Matthew Siegel - Executive Vice President & Chief Financial Officer Conference Call Participants Cameron McVeigh - Morgan Stanley Ian Zaffino - Oppenheimer David Karnovsky - JPMorgan Operator Hello, everyone and welcome to the OUTFRONT Media First Quarter 2024 Earnings Call. My name is Henry and I will be your conference operator today.

OUTFRONT Media Inc. (OUT) Q1 2024 Earnings Call Transcript

Outfront Media (OUT) came out with quarterly funds from operations (FFO) of $0.14 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.05 per share a year ago.

Outfront Media (OUT) Q1 FFO Match Estimates

Revenues of $408.5 million Operating income of $14.0 million Net loss attributable to OUTFRONT Media Inc. of $27.2 million Adjusted OIBDA of $66.5 million AFFO attributable to OUTFRONT Media Inc. of $23.2 million Quarterly dividend of $0.30 per share, payable June 28, 2024 NEW YORK , May 2, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) today reported results for the quarter ended March 31, 2024. "Strong local trends drove solid first quarter financial results, with total revenue up over 3% and Adjusted OIBDA up 10%" said Jeremy Male, Chairman and Chief Executive Officer of OUTFRONT Media.

OUTFRONT Media Reports First Quarter 2024 Results

An Interactive Citywide Competition The Game Gives New Yorkers the Chance to Display Their Big Apple Knowledge and Commemorates the 60th Anniversary of the NYC Landmarks Law NEW YORK , April 29, 2024 /PRNewswire/ -- OUTFRONT Media (NYSE:OUT), one of the largest out of home (OOH) media companies in the U.S., and the NYC Landmarks60 Alliance are pleased to announce today's launch of Trivia Moments, a seven-month-long interactive citywide competition leading up to the 60th anniversary of New York City's Landmarks Law in 2025. Beginning today, daily trivia questions about NYC history and sites will be displayed on digital screens located throughout the city's five boroughs, at MTA transit entrances, and inside subway stations.

OUTFRONT and NYC Landmarks60 Alliance Launch Trivia Moments

Buses Drive Big Business for Brands, According to Several New Attribution Studies   NEW YORK and BIRMINGHAM, Ala. , April 26, 2024 /PRNewswire/ -- OUTFRONT Media (NYSE:OUT), one of the largest out-of-home media (OOH) companies in the U.S., and StreetMetrics, a leader in Moving OOH (MOOH) measurement, have partnered to enhance dynamic measurement for bus advertising campaigns.

OUTFRONT AND STREETMETRICS TEAM UP TO OFFER GROUNDBREAKING MEASUREMENT PROVING EFFECTIVENESS OF BUS ADVERTISING UP AND DOWN THE FUNNEL

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Outfront Media (OUT) and Crown Castle (CCI). But which of these two stocks presents investors with the better value opportunity right now?

OUT vs. CCI: Which Stock Is the Better Value Option?

News for OUTFRONT Media Stock (OUT)