Clear Channel Outdoor Holdings, Inc. today reported financial results for the fourth quarter and full year ended December 31, 2024. For Q4 2024, consolidated revenue was $426.7 million, an increase of 2.6% year-over-year. The America segment delivered record revenue of $310.7 million, up 4.1%, driven by digital and local sales. The Airports segment also performed well, with revenue increasing 4.3% to $116.0 million.
For the full year 2024, consolidated revenue reached $1,505.2 million, up 5.0% from the prior year. Adjusted EBITDA for the full year was $475.8 million, an increase of 6.1%. Notably, Adjusted Funds From Operations (AFFO) for the full year surged by 49.5% to $58.6 million, exceeding discretionary capital expenditures for both the quarter and the year.
The company provided guidance for the first quarter and full year 2025. For Q1 2025, consolidated revenue is projected between $329 million and $344 million. Full-year 2025 consolidated revenue is expected to be between $1,562 million and $1,607 million, with AFFO projected to increase significantly by 25% to 42%, ranging from $73 million to $83 million. This outlook reflects the company's continued focus on its higher-margin U.S. markets and ongoing international divestitures.
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