NYSE$CCO
Clear Channel Outdoor Holdings Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported financial results, reflecting the continued impact of the pandemic on global advertising spend coupled with a tough comparison against the strong performance in the comparable period last year.
Clear Channel Outdoor Holdings, Inc. reported financial results for the quarter ended March 31, 2021, with revenue impacted by the pandemic. The company is focusing on technology investments and cost management to drive future growth.
- Americas revenue was $211.9 million, a decrease compared to $295.8 million in the same period last year.
- Europe revenue was $149.5 million, a decrease compared to $211.7 million in the same period last year.
- Consolidated net loss was $333.5 million, compared to $289.2 million in the same period last year.
- The company is directing investments in technology, including expanding the digital platform and strengthening data analytics.
Headline financials
Revenue & EPS history
Clear Channel · Revenue · Quarterly
$371M
Revenue by segment
Clear Channel · $221M total across 2 segments · Q1 2021
- America$212M-28.4%95.7%
- Other$9.5M—4.3%
Forward guidance
For the second quarter, Clear Channel expects Americas revenue to be between $265 million and $275 million and Europe revenue to be between $200 million and $220 million.
Tailwinds
- Americas revenue expected to be between $265 million and $275 million.
- Adjusted EBITDA margin improving sequentially from the first quarter in Americas.
- Europe revenue expected to be between $200 million and $220 million, excluding foreign exchange impacts.
- Company expects the market environment to continue to improve as the year progresses.
- Consolidated revenue returning to growth in the second quarter as compared to the prior year.
Headwinds
- The restructuring charges are preliminary estimates and may be materially different.
- There is no guarantee that the Company will achieve the cost savings that it expects.
- Second quarter expected results may be impacted by factors outside of the Company’s control.
- Continuing impacts from COVID-19 may affect the second quarter results.
- Actual results may be materially different from this guidance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2021
-1.9%
Avg return
Earnings day
-0.8%
Avg return
5 days after
-1.5%
Avg return
30 days after
37%
24 / 65 earnings
Positive
+26.5%
Q3 2020
Best reaction
-20.7%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | +0.0% | — | |
| Q4 2025 | -0.8% | -0.4% | -2.1% | |
| Q3 2025 | -1.7% | +8.3% | +9.9% | |
| Q1 2025 | +5.7% | +11.2% | +9.2% | |
| Q4 2024 | -2.2% | -7.4% | -15.6% | |
| Q3 2024 | -3.3% | -2.7% | +0.7% | |
| Q2 2024 | -4.9% | -7.0% | +5.6% | |
| Q1 2024 | +1.9% | +1.3% | -10.4% | |
| Q4 2023 | +3.2% | -4.8% | -12.2% | |
| Q3 2023 | +14.2% | +16.8% | +46.0% | |
| Q2 2023 | -7.1% | -8.9% | -13.1% | |
| Q1 2023 | -16.7% | -14.3% | +6.3% | |
| Q4 2022 | +5.2% | +2.6% | -27.7% | |
| Q3 2022 | -20.7% | -6.6% | -16.5% | |
| Q2 2022 | -3.0% | +10.9% | +0.0% | |
| Q1 2022 | -14.5% | -12.1% | -32.2% | |
| Q4 2021 | +1.9% | +3.3% | +0.5% | |
| Q3 2021 | +3.4% | +11.3% | -4.6% | |
| Q2 2021 | +11.3% | +4.2% | +6.3% | |
| Q1 2021 | -8.6% | -15.3% | +11.3% | |
| Q4 2020 | -17.3% | -11.5% | -10.6% | |
| Q3 2020 | +26.5% | +26.0% | +31.0% | |
| Q2 2020 | +8.3% | +30.2% | +28.1% | |
| Q1 2020 | +5.7% | +9.9% | +59.3% | |
| Q4 2019 | +1.5% | -3.9% | -73.0% | |
| Q3 2019 | +0.8% | +0.8% | -1.9% | |
| Q2 2019 | -10.6% | -17.8% | -14.2% | |
| Q1 2019 | -1.9% | -5.8% | +0.4% | |
| Q4 2018 | -8.7% | -7.5% | +1.6% | |
| Q3 2018 | -2.7% | -6.2% | -9.0% | |
| Q2 2018 | +3.5% | +5.8% | +5.8% | |
| Q1 2018 | -4.3% | -7.5% | +0.0% | |
| Q4 2017 | -9.3% | -2.1% | -10.3% | |
| Q3 2017 | +2.5% | +2.5% | +10.1% | |
| Q2 2017 | -13.9% | -2.0% | -19.8% | |
| Q1 2017 | -5.9% | -9.8% | -22.5% | |
| Q4 2016 | -12.3% | -9.4% | +13.4% | |
| Q3 2016 | +0.0% | -6.0% | -4.3% | |
| Q2 2016 | -6.6% | -7.9% | -2.7% | |
| Q1 2016 | +9.4% | — | — | |
| Q4 2015 | +2.9% | — | — | |
| Q3 2015 | -17.6% | — | — | |
| Q2 2015 | +3.6% | — | — | |
| Q1 2015 | +1.5% | — | — | |
| Q4 2014 | -2.5% | — | — | |
| Q3 2014 | +3.1% | — | — | |
| Q2 2014 | +0.1% | — | — | |
| Q1 2014 | -6.3% | — | — | |
| Q4 2013 | -1.3% | — | — | |
| Q3 2013 | +2.1% | — | — | |
| Q2 2013 | +0.3% | — | — | |
| Q1 2013 | +0.0% | — | — | |
| Q1 2011 | -0.7% | — | — | |
| Q4 2011 | -0.7% | — | — | |
| Q4 2012 | -0.7% | — | — | |
| Q3 2012 | -1.2% | — | — | |
| Q2 2012 | -7.3% | — | — | |
| Q1 2012 | -3.8% | — | — | |
| Q4 2009 | -3.3% | — | — | |
| Q2 2011 | -3.3% | — | — | |
| Q3 2010 | -11.9% | — | — | |
| Q3 2011 | -11.9% | — | — | |
| Q2 2010 | -1.4% | — | — | |
| Q4 2010 | -1.4% | — | — | |
| Q1 2010 | +6.9% | — | — |
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