Outfront is recovering slowly from Covid. Here are the results from the company’s fourth quarter 2020 earnings release and earnings presentation and conference call. Revenues declined by 31% to $336 million in the fourth quarter of 2020. Billboard revenues were down 13%. Transit and other revenues (sports marketing and transit) […]
OUTFRONT Media CEO Jeremy Male was bullish on programmatic and digital billboard conversions in a talk yesterday at the Citi Global TMT West January 2020 conference. Some highlights. Programmatic will grow. It’s being made by advertisers. Last year’s run rate $20 millions. It wouldn’t surprise me if that were to […]
Not good, but improving is how Insider summarizes OUTFRONT’s third quarter 2020 earnings. Here are the results from OUTFRONT’s 3Q 2020 earnings release, earnings deck and conference call. Revenues declined 39% to $282 million during the third quarter of 2020 as primarily because transit revenues are lagging due to low […]
OUTFRONT is holding billboard pricing and resuming capital spending according to Jeremy Male. Here’s a selection of his comments at yesterday’s Goldman Sach’s Communacopia conference. Pricing We much prefer to maintain rate integrity…If we have an advertiser that’s paying $100, we’d much prefer to provide some incremental benefit, extra space […]
You already know that land lease costs are critical to keeping your expenses in check. Trust me, your land lease costs are one of the first things that buyers will ask about your plant. So you always try to negotiate low land lease rates on new sign sites, but landowners […]
OUTFRONT’s urban and transit plant had a 49% drop in revenue and cashflow during the second quarter of 2020 and CEO Jeremy Male expect third quarter revenues to be down 35-40% from the prior year. Here are the results from the OUTFRONT earnings release, OUTFRONT investor presentation and OUTFRONT earnings call. […]
Here are the highlights from Jeremy Male’s comments at this week’s JP Morgan Global Technology, Media and Communications Conference. How this crisis differs from 2008-2009 In 2008 you were dealing in the falloff in macro that was impacting advertiser budgets. Here we’re dealing with the falloff in macro…but also its […]
OUTFRONT CEO Jeremy Male said that second quarter revenue will be down 50% as OUTFRONT’s urban and transit billboard plant is heavily impacted by stay at home orders. Here are the highlights of last Friday’s earnings call. On future revenues As we look at Q2 to date, we expect our […]
OUTFRONT’s first quarter was OK but there’s stormy weather ahead. Here are the results from OUTFRONT’s 2020 first quarter earnings release and earnings presentation. Revenues increased by 3.5% to $385 million due primarily to an increase in billboard revenue. Billboard revenues increased by 9% due to increased yields and digital […]
Outfront issued its 2020 proxy last week. Some things to note. Who Makes What Here are the highest paid OUTFRONT executives. Most of their compensation is stock and incentive pay. An Independent Board The OUTFRONT board is 86% outsiders. Women account for 29% of board seats versus 25% of […]
