NYSE$CCO

Clear Channel Outdoor Holdings Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Clear Channel Outdoor's Q4 2019 performance was mixed, with consolidated revenue slightly decreasing but Americas revenue showing growth. The company focused on deleveraging and investing in technology, particularly in the Americas.

Clear Channel Outdoor Holdings reported a slight decrease in consolidated revenue for Q4 2019, but experienced growth in the Americas region. The company is focused on improving its capital structure and investing in technology to drive growth.

  • Consolidated revenue decreased by 0.3%, but increased by 1.0% when adjusted for foreign exchange rates.
  • Americas revenue increased by 4.5%, driven by digital revenue growth.
  • International revenue decreased by 4.1%, impacted by weakening economic conditions in China.
  • Operating income decreased by 2.4% to $113.6 million.

Headline financials

Total Revenue

$745M

Previous: $748M-0.3%
EPS (adj)

$0.06

Previous: $0.07-14.3%
Capital Expenditures

$84.3M

Previous: $101M-16.5%
Free Cash Flow

$60.9M

Previous: -$34.1M+278.6%
Net Income

$31.6M

Previous: $25.7M+23.0%
Operating Income

$114M

Previous: $116M-2.4%
Gross Profit

$362M

Previous: $373M-2.9%
Cash & Equivalents

$399M

Previous: $182M+118.6%
Total Assets

$6.39B

Previous: $4.52B+41.4%
Stock-Based Comp

$3.35M

Previous: $1.76M+90.6%

Revenue & EPS history

Clear Channel · Revenue · Quarterly

$745M

Q4 2019-0.3%vs Q4 2018
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Clear Channel · $98.7M total across 2 segments · Q3 2023

  • Airports
    $75.6M
  • Other
    $23.1M+34.4%

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 Q4 2019

Historical avgQ4 2019

-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

Earnings price reactions
QuarterReport dateReaction (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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