Clear Channel Outdoor Holdings, Inc. today reported financial results for the first quarter ended March 31, 2025. Consolidated revenue increased 2.2% year-over-year to $334.2 million, in line with guidance. The America segment's revenue rose 1.8% to $254.2 million, with digital revenue up 6.4% to $90 million. The Airports segment saw a 4.0% increase in revenue to $80.0 million, driven by a 15.6% rise in digital revenue to $49 million.
The company's loss from continuing operations improved by 20.1% to $(55.3) million. Adjusted EBITDA, however, decreased by 12.5% to $79.3 million, with America Segment Adjusted EBITDA down 8.0% and Airports Segment Adjusted EBITDA down 25.0%. Corporate expenses decreased 33.8%, primarily due to $9.9 million in insurance proceeds related to a resolved legal matter.
Clear Channel Outdoor also announced significant debt reduction activities. On March 31, 2025, the company fully prepaid the $375.0 million CCIBV Term Loan Facility. In April 2025, it repurchased $54.0 million principal amount of 7.750% Senior Notes due 2028 and $65.8 million principal amount of 7.500% Senior Notes due 2029 for a total cash payment of $99.5 million. The company expects cash interest payments to be approximately $313 million for the remainder of 2025 and $381 million in 2026.
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