Lamar, OUTFRONT and Clear Channel have accellerated investment plans after tightening the belt during Covid. OUTFRONT’s Matt Siegel said this about capital spending on last Friday’s earning call: We added 47 new digital boards this quarter and 77 year to date…You’ll probably see an increased pace of capex in the […]
Lamar’s revenue grew 28% during the second quarter of 2021. Here are the results from the Lamar’s 2Q 21 earnings release together with a selection of Sean Reilly’s comments during the conference call. Revenues grew 28% to $445 million. Lamar CEO Sean Reilly expects Lamar’s total 2021 billboard revenue to […]
Outfront organic revenues grew 53% in the second quarter of 2021. Here are the results from the OUTFRONT 2Q 21 earning release, Outfront 2Q 21 earnings deck and conference call. Revenue grew by 53% to $341 million in the second quarter of 2021. Local revenues increased 51%. More encouragingly national […]
Clear Channel announced better than expected financials yesterday. Here’s a summary from the CCO 2Q 21 earnings release, earnings deck and conference call. Revenue increased by 69% to $531 million during the second quarter of 2021. Americas revenue grew 36% during the second quarter of 2021, due to digital billboard growth. […]
JC Decaux released their financial results for the first half of 2021. Most interesting was their adjusted revenue results that they provided by category and geography: Insider’s Take: Street Furniture, their largest revenue segment, has seen the strongest overall rebound, with Transportation advertising the slowest to recover. Insider was […]
By Chris Stark and Craig Berry, Stark Capital Solutions With more than two-decades of industry experience, we at Stark Capital Solutions have had our fair share of questions being asked by operators all around the country interested in what other billboard companies are up to. Most often they want to […]
After the announcement of the $30 million Lamar Advertising investment, Insider reached out to Vistar Media CEO, Michael Provenzano for a discussion on the investment and the addition of a strategic partner. How long have discussions been ongoing for the potential of raising additional capital? We began active evaluation of […]
BATON ROUGE, La., July 12, 2021 (GLOBE NEWSWIRE) — Lamar Advertising Company (Nasdaq: LAMR), an owner and operator of outdoor advertising and logo sign displays, announced today that it has acquired a minority stake in Vistar Media, a leading global provider of programmatic technology for the digital out-of-home sector. Lamar’s […]
Here’s a chart showing the impact of covid on US out of home revenues by sector. Billboards were down the least and have come back the fastest. Place based and transit fell farther and have yet to fully recover. Change in US Out of Home Revenues by Industry Sector Billboards […]
Williamson & Associates recently celebrated its 50th out of home transaction since its founding in 2017, with the sale of Estus Outdoor in Savannah, GA to Renfroe Outdoor Advertising. Billboard Insider talked with the company about the deal. Dick Estus has a long out of home pedigree. Absolutely, Dick Estus […]
