This slide from the recent Solomon Partners Media and Entertainment Summit Presentation caught Billboard Insider’s eye. It shows that public out of home companies are trading at a 9-14 times current cashflow (2022 EBIDTA). Billboard Insider’s take: Lamar has the highest valuation multiple because it has the longest weighted […]
Enters into Partnership with OUTFRONT Media to Manage the Billboards January 24, 2023 04:00 AM Pacific Standard Time NEW YORK & PROVIDENCE, R.I.–(BUSINESS WIRE)–Providence Equity Partners (“Providence”), a premier private equity firm specializing in growth-oriented investments in media, communications, education and technology, today announced it has acquired a multi-decade lease […]
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 […]
Lamar and OUTFRONT outperformed the market during the fourth quarter of 2022 while Clear Channel Outdoor lagged. Lamar was up 14%, OUTFRONT was up 10%, the S&P 500 was up 7% and Clear Channel Outdoor declined 23%. Delays in the sale of Clear Channel Europe and concerns about how a […]
Mexico Tourism has initiated an out-of-home (OOH) media campaign that is 100-percent transit-focused to encourage Los Angeles-area residents and commuters to vacation in beautiful Baja California. Partnering with OUTFRONT Media, one of the largest out-of-home media (OOH) companies in the U.S., the OOH campaign utilizes 8 fully-wrapped large format buses […]
Moorgate Capital Partners has prepared an analysis of the Cost of Debt and Leverage (Net Debt/Adjusted EBIDTA) for the three public US Out of home companies. Clear Channel Outdoor has the highest leverage and the highest cost of debt. Lamar has the lowest leverage and lowest cost of debt. The […]
NEW YORK, NOVEMBER 30, 2022 – OUTFRONT Media (NYSE:OUT), one of the largest out-of-home media (OOH) companies in the U.S., today announced that it has enhanced OUTFRONT PRIME with new social out-of-home (sOOH) capabilities. OUTFRONT PRIME expands the company’s reach to brands looking to harness this powerful combination by marrying social […]
SignValue has prepared an infographic summarizing OUTFRONT’s 3Q 2022 performance. If you have questions contact Paul Wright, CEO, SignValue, paul@signvalue.com, 480-657-8400. [wpforms id=”9787″] Paid Advertisement
“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 […]
