OUTFRONT Media Reports Revenue Increase of 13.5% in 2nd Quarter of 2026
Revenues of $522.5 million
Operating income of $116.1 million
Net income attributable to OUTFRONT Media Inc. of $77.5 million
Adjusted OIBDA of $160.3 million
AFFO attributable to OUTFRONT Media Inc. of $120.8 million
Quarterly dividend increased 10% to $0.33 per share, payable September 30, 2026
NEW YORK, Aug. 5, 2026 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) today reported results for the quarter ended June 30, 2026.
“We just completed a great second quarter which far exceeded our expectations across the board, with revenue, OIBDA, and AFFO all growing nicely,” said Nick Brien, Chief Executive Officer of OUTFRONT Media. “Our successful second quarter was a result of strong organic gains across all aspects of our business, which were also enhanced by the FIFA World Cup.”
Three Months Ended | Six Months Ended | |||||||
$ in Millions, except per share amounts | 2026 | 2025 | 2026 | 2025 | ||||
Revenues | $522.5 | $460.2 | $952.1 | $850.9 | ||||
Operating income | 116.1 | 56.2 | 172.0 | 70.1 | ||||
Adjusted OIBDA | 160.3 | 124.1 | 260.7 | 188.3 | ||||
Net income (loss) before allocation to redeemable and non-redeemable noncontrolling interests | 77.7 | 19.5 | 97.0 | (1.2) | ||||
Net income (loss)1 | 77.5 | 19.5 | 96.6 | (1.1) | ||||
Net income (loss) per share1,2,3 | $0.44 | $0.10 | $0.54 | ($0.03) | ||||
Funds From Operations (FFO)1 | 123.5 | 70.4 | 187.0 | 96.9 | ||||
Adjusted FFO (AFFO)1 | 120.8 | 83.1 | 181.8 | 110.2 | ||||
Shares outstanding3 | 177.5 | 168.0 | 177.3 | 166.8 | ||||
Notes: See exhibits for reconciliations of non-GAAP financial measures; 1) References to “Net income (loss)”, “FFO” and “AFFO” mean “Net income (loss) attributable to OUTFRONT Media Inc.”, “FFO attributable to OUTFRONT Media Inc.” and “AFFO attributable to OUTFRONT Media Inc.,” respectively; 2) References to “per share” mean per common share for diluted earnings per weighted average share; 3) Diluted weighted average shares outstanding. |
Second Quarter 2026 Results
Consolidated Results
Reported revenues of $522.5 million increased $62.3 million, or 13.5%, for the second quarter of 2026 as compared to the same prior-year period.
Total operating expenses of $246.1 million increased $14.6 million, or 6.3%, compared to the same prior-year period, due primarily to higher variable billboard property lease expenses, higher variable transit franchise expenses driven by higher Transit revenues and higher guaranteed minimum annual payments to the New York Metropolitan Transportation Authority (the “MTA”) due to inflation, higher production expenses, and higher maintenance and utilities costs, partially offset by the impact of lost billboards in the period and lower site-related costs.
Selling, General and Administrative expenses (“SG&A”) of $123.0 million increased $12.4 million, or 11.2%, compared to the same prior-year period, due primarily to higher professional fees, including software and technology expenses, higher compensation-related expenses, a higher allowance for bad debt and the impact of market fluctuations on an unfunded equity-linked retirement plan offered by the Company to certain employees, partially offset by lower credit card usage by customers.
Adjusted OIBDA of $160.3 million increased $36.2 million, or 29.2%, compared to the same prior-year period.
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Source: OUTFRONT Media Inc.
