Here are the results of the OUTFRONT Media first quarter 2023 earnings release, earnings presentation and conference call. Revenue increased by 6% to $396 million. Billboard revenue increased by 8%. Transit revenue declined by 1%. Local revenue grew 10%. National revenue grew 1%. The company finished the quarter with a […]
Here’s a selection of comments by Lamar CEO Sean Reilly, OUTFRONT CEO Jeremy Male and Clear Channel Outdoor CEO Scott Wells at the 2023 OAAA Geopath Show CEO panel. Scott Wells says the first quarter is slow but next year looks OK Things slowed down toward the end of last […]
“We’re proud to deliver on our original guidance especially in light of some of the headwinds in the macro environment and the rapid rise in interest rates,” was how OUTFRONT CEO Jeremy Male led off the fourth quarter 2022 earnings call. Here are the results from the OUTFRONT 4Q 22 […]
Here’s a selection of OUTFRONT CEO Jeremy Male’s comments at the Citi 2023 Communications, Media and Entertainment Conference last week. OUTFRONT had a busy M&A year in 2022 2022 was a great year for the industry…We’re up in the 20-ish range…We spent $400 million in terms of tuck-ins. . Digital […]
Friends and family bid a sad farewell to a cherished mother, sister, daughter, friend, author, entrepreneur, and legend as Andrea Messimer passed away unexpectedly at her home in Lakewood Ranch, Florida. Long known for her outstanding work in the out-of-home (OOH) and digital advertising verticals, Andrea’s loss is reverberating coast-to-coast […]
“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 Media is seeing no sign of a recession-based drop in out of home demand and almost all verticals are up. Here’s a summary of OUTFRONT Media CEO Jeremy Male’s comments at last weeks Goldman Sachs Communicopia conference. Any signs of a recession? I sat with our national sales team […]
Here are the results of the OUTFRONT 2Q 2022 earnings release, investor deck and conference call. Revenues increased 32% to $450 million for the quarter. US billboard yields grew 23% to $2,700 during the quarter due to rate increases. Cashflow (adjusted OIBDA) increased by 70% to $125 million. Capital expenditures […]
June 7th, 2022. Striking the right balance between Classic (traditional) Out of Home and all-conquering digital is one of the keys to sector growth for the medium, World Out of Home Organization President Tom Goddard told delegates at WOO’s Global Congress in Toronto. OOH has recovered strongly from the pandemic […]
Inflation has increased from 1.5-2% annually to 7-8% annually. Take a look at this chart. Source: US Inflation Calculator When you drill down into the numbers you can see that inflation picked up in the last half of 2021 when the last round of covid stimulus vastly expanded the money […]
