Is Clear Channel Outdoor Holdings, Inc. (CCO) the Worst Advertising Stock to Buy According to Short Sellers? [Yahoo! Finance]
Clear Channel Outdoor Holdings, Inc. (CCO)
US:NYSE Investor Relations:
company.clearchanneloutdoor.com/investor-relations
Company Research
Source: Yahoo! Finance
Overview of the Global Advertising Sector Advertising agencies have profited from per capita disposable income, increasing consumer spending, and corporate profit in the past few years. Although advertising expenditure fell after the outbreak of the COVID-19 pandemic, industry revenue in 2020 rose with companies demanding creative services for their pandemic-focused promotional campaigns. Corporate profit bounced back after 2020, allowing agencies to monetize the exponential release of pent-up demand as companies and businesses scrambled to target a specific customer base: one with increasing disposable income. According to estimates from IBISWorld, industry-wide revenue in the advertising sector has been growing at a compound annual growth rate of 2.7% over the past five years. It is expected to reach $70.1 billion by 2024, increasing by 1.9%. Profit is also anticipated to grow by 6.6%. According to a report by Mordor Intelligence, the online advertising market is valued at $257
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CCO
News
- Clear Channel Outdoor Holdings, Inc. to Participate in the BofA Securities Leveraged Finance Conference 2024PR Newswire
- Clear Channel Outdoor Holdings, Inc. to Participate in the Wells Fargo 8th Annual TMT SummitPR Newswire
- Metropolitan Transportation Authority (MTA) Awards Clear Channel Outdoor a 15-Year Deal to Reimagine and Grow Revenue Across One of the Nation's Largest Roadside Collections of Out-of-Home Advertising DisplaysPR Newswire
- Clear Channel Outdoor Holdings (CCO): Strong Demand and Strategic Expansion [Yahoo! Finance]Yahoo! Finance
- Clear Channel Outdoor Holdings Third Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
CCO
Sec Filings
- 11/6/24 - Form 4
- 11/4/24 - Form SC
- 11/4/24 - Form 4
- CCO's page on the SEC website