Clear Channel Outdoor
Major US billboard and airport advertising company, agreed to be taken private by Mubadala.
San Antonio, Texas, USA · clearchanneloutdoor.com
CCO NYSE
What Clear Channel Outdoor does
Clear Channel Outdoor owns billboards and airport advertising across the US, having sold most of its European business to focus on America.
In February 2026 it agreed to be acquired by a consortium led by Mubadala Capital with TWG Global for $2.43 per share in cash; shareholders approved the deal in May 2026, and it remained listed pending closing.
How it makes money
Advertising sales on billboards, digital screens and airport displays.
Where it meets invalid traffic
Uses proof-of-play and audience measurement for DOOH.
Products
- Clear Channel RADAR
- Clear Channel Airports
Quarterly revenue
From SEC XBRL filings · latest quarter +8.7% year on yearQuarterly net income
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.4B | $1.4B | $1.5B | $1.6B |
| Net income | $-433.8M | $-96.6M | $-310.9M | $-179.3M | $19.9M |
| Diluted EPS | $-0.93 | $-0.20 | $-0.65 | $-0.37 | $0.04 |
Earnings, explained
Clear Channel Outdoor Q2 revenue up 8.7%, posts net loss ahead of merger
Clear Channel Outdoor reported Q2 2026 revenue of $438.0 million, an increase of 8.7% from the prior year. The company posted a consolidated net loss of $5.0 million for the quarter, compared to net income of $10.6 million in Q2 2025. Adjusted EBITDA rose 11.6% to $143.4 million. The company completed the sale of its Spain business for $132.3 million and is set to be acquired by Mubadala Capital, with the merger expected to close by the end of Q3 2026. No financial guidance was provided due to the pending merger.
Revenue growth was driven by increased advertising activity, especially around the 2026 FIFA World Cup and strong digital sales, but the company remained unprofitable as it prepares to go private. The results show healthy top-line momentum in out-of-home advertising, even as the company transitions ownership.
SEC filings
EDGAR| Filed | Form | What it is |
|---|---|---|
| 2026-10-01 | 8-K | Regulation FD disclosure |
| 2026-08-05 | 10-Q | Quarterly report |
| 2026-08-05 | 8-K | Results of operations (earnings) · Financial statements and exhibits |
| 2026-05-18 | 8-K | Material agreement · Item 2.03 · Financial statements and exhibits |
| 2026-05-12 | 8-K | Shareholder vote |
| 2026-05-06 | 10-Q | Quarterly report |
| 2026-05-06 | 8-K | Results of operations (earnings) · Financial statements and exhibits |
| 2026-04-13 | DEFM14A | PROXY STATEMENT |
| 2026-04-13 | 8-K | Material agreement · Regulation FD disclosure · Financial statements and exhibits |
| 2026-04-06 | 8-K | Regulation FD disclosure · Financial statements and exhibits |
| 2026-03-27 | 8-K | Other events |
| 2026-03-27 | 10-K/A | Annual report |
| 2026-02-26 | 10-K | Annual report |
| 2026-02-26 | 8-K | Results of operations (earnings) · Financial statements and exhibits |
| 2026-02-09 | 8-K | Material agreement · Executive or director change · Regulation FD disclosure · Other events · Financial statements and exhibits |
| 2025-12-19 | 8-K | Executive or director change · Financial statements and exhibits |
| 2025-11-06 | 10-Q | Quarterly report |
| 2025-11-06 | 8-K | Results of operations (earnings) · Financial statements and exhibits |
| 2025-09-09 | 8-K | Regulation FD disclosure · Financial statements and exhibits |
| 2025-09-08 | 8-K | Regulation FD disclosure · Financial statements and exhibits |