Clear Channel Outdoor had an outstanding quarter due to the recovery of the San Francisco market and the impact of the Super Bowl. Here are the results of the Clear Channel Outdoor 1Q 2026 earnings release and 1Q 2026 10Q , sponsored and analyzed by SignValue. There was no earnings call due to the pending sale.
- Consolidated revenue increased 12% to $374 million due to an increase in the San Francisco market, technology advertising demand and the impact of Super Bowl LX. Billboard revenue was up 10%. Airport revenue was up 19%.
- National sales accounted for 31% of billboard revenue and 58% of airport revenue.
- Operating expenses increased by 6% to $246 million due to higher site lease expense and high incentive based employee compensation.
- Adjusted Corporate expenses increased 3% to $24 million. This excludes a $10 million non-recurring charge relating to a prior period legal claim.
- As a result of the above corporate cashflow increased 31% to $103 million.
- Capital expenditures totaled $12 million for the quarter ended March 31, 2026. The company finished the quarter with 64,435 total displays consisting of 5,109 digital displays and 59,326 static displays.
- Long Term Debt totalled $5.1 billion. Debt to First quarter EBITDA annualized was a high 9.9 times.
SignValue’s Take: A great quarter driven by a strong airports market and a “Super Bowl” billboard recovery in San Francisco. Debt is too high but will drop after the closing of the sale to Mubadala in the third quarter of 2026. Whether sales were motivated by the impending sale or otherwise, it’s nice to see such strong results.
If you have questions, contact one of SignValue’s experienced analyst for a free and confidential consultation at info@signvalue.com or call 480–657–8400.
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