Here is an analysis of the performance of the public out of home company stocks, sponsored and analyzed by SignValue.   Lamar and OUTFRONT beat the stock market during the second quarter of 2026.  OUTFRONT was up 28% on 22% transit growth and 7% billboard growth  Lamar was up 26% to an all time high due to a 5% increase in revenues and a forecast for continued improvement in financials.  The S&P 500 was up 18%.  Clear Channel Outdoor was only up 3% because the sale price for the company’s shares has already established when the quarter began.  Clear Channel Outdoor shares ended the quarter at $2.42, only a penny below the $2.43 per share cash price at which the Mubadala sale is expected to close in the third quarter of 2026.

Here are the results year to date for 2026.    OUTFRONT is up 36% on the recovery of the transit business and national advertising, Lamar is up 23% on continued growth in cashflow and Clear Channel Outdoor and the S&P 500 are both up approximately 10%.  Clear Channel’s price was set going into the year and the slight improvement in price occurred as the time until closing diminished and uncertainty around the sale declined.

An analysis for the past 23 years (the farthest back point that Yahoo measures) shows different results.  None of the public out of home companies have beaten the market due to a slow recovery from the great recession in 2009 and COVID in 2020.  The S&P 500 is up 500% since 2005.  Lamar is up 239%.  OUTFRONT is up 49%.  Clear Channel Outdoor is down 88%.  Clear Channel’s international diversification and underinvestment in the US was a dismal failure.

If you have questions, contact one of SignValue’s experienced analysts for a free and confidential consultation at info@signvalue.com or call 480-657-8400.

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