“Our third quarter unfolded as expected” was how Lamar’s Sean Reilly introduced the company’s earnings release. Here are the results from the Lamar Advertising 3Q 2022 financials and earnings call. Revenue increased by 11% to $527 million for the third quarter. Acquisition adjusted revenue increased by 6%. Local revenue increased […]
“Advertising demand continues to be robust” was how OUTFRONT CEO Jeremy Male introduced OUTFRONT Media’s 3rd quarter 22 financials. Some other highlights from the earnings call. Male expects mid to high single digit growth in the fourth quarter. While there continues to be significant volatility in the financial markets and […]
OUTFRONT revenues grew 14% in the third quarter of 2022. Here are the results of the OUTFRONT Media 3Q 22 earnings release and OUTFRONT Media 3Q 2022 earnings presentation. Revenues increased 14% to $454 million in the third quarter of 2022. Billboard revenues grew 12%. Transit revenues grew 21%. National […]
Out of Home lending is a specialized form of finance. To save the time and trouble of having to educate your lender on the ins and outs of Out of Home here’s an alphabetical list of 56 Out of Home lenders compiled by SignValue and Billboard Insider. We asked SignValue […]
Ken Altena has 35 years experience as a banker and lender to out of home companies. Today he talks about what your out of home lender wants to see. Preparation and organization are key to obtaining a loan for any project, including your next billboard. There are two kinds of […]
Clear Channel Outdoor has failed to sell their European assets. Clear Channel execs say that they may try to sell certain pieces. There are three problems with keeping Europe. First, Clear Channel Europe operates at lower margins. Look at this table which compares the segment cashflow (e.g. segment cashflow prior […]
Many private equity funds and family offices are interested in out of home to judge from the calls Billboard Insider gets and from the number of private equity investors who subscribe to our daily newsletter. Private equity funds like the industry’s barriers to entry, low technology risk and digital billboard […]
If you are resetting your annual out of home ad contracts or negotiating with a landlord over a rent inflator you need to keep track of inflation. Billboard Insider looked up the US inflation data for the past 20 years: Inflation is at an annualized rate of 8.5% for the […]
This table in Solomon Partners Media Monthly October 2022 caught Billboard Insider’s eye. It computes the total value of the public out of home companies as a multiple of 2022 estimated cashflow. The public out of home companies are trading at a median multiple of 11.2 times 2022 estimated cashflow. […]
Clear Channel Outdoor outperformed the market for the third quarter of 2022, Lamar followed the market and OUTFRONT underperformed the market, although all st0cks fell in the month of September due to recession fears. Clear Channel finished the quarter up 28%. Lamar fell 6% as did the S&P 500. OUTFRONT […]
