NYSE$CCO
Clear Channel Outdoor Holdings Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Clear Channel Outdoor Holdings reported solid first quarter consolidated results driven by continued strong execution and healthy advertiser demand, particularly for digital assets. The company completed the divestiture of its business in Switzerland and plans to use the net proceeds to improve its liquidity position.
Clear Channel Outdoor Holdings reported a 3.8% increase in consolidated revenue to $545.4 million for Q1 2023, driven by strong execution and healthy advertiser demand. The company's net loss decreased by 60.5% to $(35.4) million. They completed the sale of their Switzerland business.
- Consolidated revenue increased by 3.8% to $545.4 million.
- Net loss decreased by 60.5% to $(35.4) million.
- Digital revenue increased in America by 3.6% to $78.0 million.
- Completed the divestiture of the business in Switzerland.
Headline financials
Revenue & EPS history
Clear Channel · Revenue · Quarterly
$545M
Revenue by segment
Clear Channel · $72.9M total across 2 segments · Q1 2023
- Airports$53.8M—73.8%
- Other$19.1M+41.6%26.2%
Forward guidance
The company expects consolidated revenue between $635 million and $660 million for the second quarter of 2023. Full year 2023 guidance includes consolidated revenue between $2,500 million and $2,625 million, consolidated net loss between $(95) million and $(40) million, and Adjusted EBITDA between $525 million and $585 million.
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 2023
-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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