Clear Channel Outdoor Holdings, Inc. (CCO), an outdoor advertising company, on Monday reported a decline in its fourth-quarter Funds From Operations, or FFO, at $64.636 million, lesser than $83.112 million registered for the same period last year. Excluding items, FFO stood at $36.861 million as against the prior year's $36.506 million.
Net loss was $16.605 million, compared with a profit of $26.003 million a year ago. Revenue was $426.719 million, up from $416.014 million in 2023.
Looking ahead, for the first quarter, the company expects revenue of $329 million to $344 million, representing a year-on-year growth of 1 percent to 5 percent.
For the full year, Clear Channel Outdoor projects adjusted FFO of $73 million to $83 million, representing a year-on-year growth of 25 percent to 42 percent. Revenue is anticipated to be $1.562 billion to $1.607 billion, up 4 percent to 7 percent from last year.
Clear Channel Outdoor expects full-year capital expenditure of $75 million to $85 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.