Clear Channel Outdoor Reports 8.7% Revenue Growth, Q2 in 2026
SAN ANTONIO, Aug. 5, 2026 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the “Company”) today reported financial results for the quarter ended June 30, 2026.
Pending Take-Private Merger:
On February 9, 2026, the Company entered into a definitive agreement (the “Merger Agreement”) to be acquired by an investor consortium comprised of affiliates and/or certain investment funds advised by Mubadala Capital (the “Merger”). Under the terms of the Merger Agreement, the consortium will acquire all outstanding shares of the Company’s common stock (subject to certain exceptions), with the Company’s common stockholders receiving $2.43 per share in cash.
On May 12, 2026, the Company’s stockholders approved the adoption of the Merger Agreement at a special meeting of stockholders. The Merger is expected to close by the end of the third quarter of 2026, subject to the satisfaction of remaining customary closing conditions, including receipt of regulatory approvals, such as review by the Committee on Foreign Investment in the United States. Upon consummation of the Merger, the Company’s common stock will no longer be listed for trading on any public market.
In light of the Merger, the Company will not host a public earnings conference call or webcast and is not providing financial guidance.
Completed Spain Business Disposition:
On August 4, 2026, the Company completed the sale of its business in Spain for a purchase price of approximately $132.3 million. Final net proceeds remain subject to certain customary post-closing adjustments and the payment of transaction-related fees and expenses. The Company intends to use the net proceeds to further reduce its outstanding debt, subject to the outcome of the Merger.
Financial Highlights:
Financial highlights for the second quarter of 2026 compared to the same period in 2025:
(In thousands) | Three Months Ended June 30, | % Change | Six Months Ended June 30, | % Change | |||||||
2026 | 2025 | 2026 | 2025 | ||||||||
Consolidated revenue | $ 438,040 | $ 402,808 | 8.7 % | $ 811,904 | $ 736,988 | 10.2 % | |||||
Income (loss) from continuing | (10,002) | 6,331 | NM | (59,449) | (48,971) | 21.4 % | |||||
Consolidated net income (loss)1,2 | (4,964) | 10,649 | NM | (52,958) | 73,862 | NM | |||||
Adjusted EBITDA3 | 143,432 | 128,558 | 11.6 % | 247,279 | 207,815 | 19.0 % | |||||
AFFO1,3 | 44,941 | 27,817 | 61.6 % | 51,479 | 4,954 | NM | |||||
1 | Percentage changes that are not meaningful have been designated as “NM.” |
2 | Includes income from discontinued operations. |
3 | This is a non-GAAP financial measure. See “Supplemental Disclosures” section herein for additional information. |
Results:
Revenue:
(In thousands) | Three Months Ended June 30, | % Change | Six Months Ended June 30, | % Change | |||||||
2026 | 2025 | 2026 | 2025 | ||||||||
Revenue: | |||||||||||
America | $ 324,316 | $ 303,111 | 7.0 % | $ 602,803 | $ 557,304 | 8.2 % | |||||
Airports | 113,601 | 99,685 | 14.0 % | 208,827 | 179,668 | 16.2 % | |||||
Other | 123 | 12 | 274 | 16 | |||||||
Consolidated Revenue | $ 438,040 | $ 402,808 | 8.7 % | $ 811,904 | $ 736,988 | 10.2 % | |||||
Revenue for the second quarter of 2026 compared to the same period in 2025:
America: Revenue up 7.0%:
- Increased advertising activity associated with the 2026 FIFA World Cup
- Significant growth in the San Francisco/Bay Area market driven by continued demand from technology advertisers, as well as stronger performance across a broad base of other markets
- Higher print and digital billboard revenue, reflecting higher advertiser demand and new inventory; digital revenue up 7.2% to $122.0 million (from $113.8 million)
- National sales represented 33.9% of America revenue
Airports: Revenue up 14.0%:
- Increased advertising activity associated with the 2026 FIFA World Cup
- Strong performance at San Francisco International Airport driven by continued demand from technology advertisers
- Growth primarily driven by digital advertising sales; digital revenue up 15.6% to $73.4 million (from $63.5 million)
- National sales represented 57.8% of Airports revenue.
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Source: Clear Channel Outdoor
