“Airports delivered another great quarter with 16.1% year over year revenue growth and we saw growth in key markets including New York and San Francisco in national and local sales channels and in digital and programmatic sales categories,” was how Clear Channel Outdoor CEO Scott Wells summarized the company’s third quarter 2025 financials. Here are the results of Clear Channel Outdoor’s fird quarter 2025 earnings release, earnings presentation and earnings call,sponsored and analyzed by SignValue.
- Consolidated revenues increased 8.1% to $406 million in 3Q 2025. US billboards revenue increased 5.9% due to revenue from the New York MTA contract and improved performance in San Francisco. Airports revenue increased 16%.
- Adjusted EBITDA increased 9.5% to $133 million due
- Capital spending totalled $13 million for the quarter ended September 2025.
- Debt totaled $5.1 billion at September 30, 2025 with a weighted average cost of 7.6%.
CEO Scott Wells on international sales
We continue simplifying and de risking our company on September 7th we entered into an agreement to sell our business in Spain…for approximately $135 million. On October 1st we closed the sale of our business in Brazil for $15 million. Once the Spanish sale closes we will have completed international divestitures worth nearly $900 million.
Wells has no comment on rumors that investors have been agitating for more asset sales
We’re a public company…so i’m not going to be able to comment on market speculation.
Wells expects to see changes at Geopath in 1Q 2026
There is a an industry effort going on where the boards of the OAAA and Geopath have brought in an industry expert to help us develop a a viewpoint on what next generation outdoor measurements should be… it’s in the stage now where vendors are being solicited and an architecture is being framed out and you know I would expect that’s something that Q1 of next year we’re going to get to a point where we have a sense of what investment is required and we can have the industry conversation about how we actually make that happen…
CFO David Sailer the company will reduce overhead by one third by 2026
When we were a global company with with all our business units Europe and Latin America and the US and we had corporate expenses roughly in the $135 million range…We’re going to take $50 million of cost out which would leave us in the mid $80s range…We’ll get to that run rate you know sometime in 2026
SignValue’s Take: Another great financial quarter due primarily to airports and recovery in San Francisco. Clear Channel Outdoor has made progress on selling assets. Expense cuts are on the way. Things are on the upswing.
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