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Stock impact report

Clear Channel Outdoor Holdings, Inc. Reports Results for the Fourth Quarter and Full Year of 2024 [Yahoo! Finance]

Clear Channel Outdoor Holdings, Inc. (CCO) 
Company Research Source: Yahoo! Finance
"With the announced agreement to sell our Europe-North segment as well as the sale of our businesses in Mexico Chile and Peru , we continue to execute on our plan to focus on our higher margin U.S. markets," said Scott Wells , Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. "We are following a path aimed at enhancing our ability to drive organic cash flow with the ultimate goal of reducing leverage on our balance sheet. These steps are good progress as we continue to reduce risk and create optionality through our U.S. focus. "During the fourth quarter, our America segment delivered record revenue of $310.7 million , representing an increase of 4.1%, driven by strength in digital and local sales. Airports continued to perform well with fourth quarter revenue increasing 4.3% to $116.0 million , a record against a robust performance in the prior year comparable period. On a consolidated basis, we delivered revenue of $426.7 million during the fourth quarter, representi Show less Read more
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