NYSE$OUT

Outfront Media Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported fourth quarter and full year 2022 results.

OUTFRONT Media's Q4 2022 revenues reached $494.7 million, with operating income at $105.0 million and net income attributable to OUTFRONT Media Inc. at $59.2 million, or $0.34 earnings per diluted share. Adjusted OIBDA was $153.7 million and AFFO attributable to OUTFRONT Media Inc. was $96.1 million. The company also declared a quarterly dividend of $0.30 per share.

  • Revenues for the fourth quarter reached $494.7 million.
  • Operating income for the fourth quarter was $105.0 million.
  • Net income attributable to OUTFRONT Media Inc. for the fourth quarter was $59.2 million, with earnings per diluted share at $0.34.
  • Adjusted OIBDA for the fourth quarter totaled $153.7 million.

Headline financials

Total Revenue

$495M

Previous: $465M+6.5%
EPS (adj)

$0.34

Previous: $0.42-19.0%
Adjusted OIBDA

$154M

Previous: $151M+1.7%
AFFO

$96.1M

Previous: $111M-13.4%
Capital Expenditures

$23.2M

Previous: $32.6M-28.8%
Free Cash Flow

$56.1M

Previous: $21.1M+165.9%
Net Income

$59.2M

Previous: $71.1M-16.7%
Operating Income

$105M

Previous: $105M-0.2%
Gross Profit

$255M

Previous: $248M+3.1%
Cash & Equivalents

$40.4M

Previous: $425M-90.5%
Total Assets

$5.99B

Previous: $5.92B+1.1%
Stock-Based Comp

$8.8M

Previous: $7.9M+11.4%

Revenue & EPS history

Outfront Media · Revenue · Quarterly

$495M

Q4 2022+6.5%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Outfront Media · $495M total across 2 segments · Q4 2022

  • Billboard
    $378M+6.6%
  • Transit
    $117M+6.1%

Forward guidance

OUTFRONT Media anticipates continued growth in revenues, Adjusted OIBDA, and AFFO in 2023, despite ongoing macroeconomic uncertainty.

Tailwinds

  • Continued growth in revenues
  • Continued growth in Adjusted OIBDA
  • Continued growth in AFFO

Headwinds

  • Ongoing macroeconomic uncertainty

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 2022

Historical avgQ4 2022

+0.4%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+2.0%

Avg return

30 days after

55%

29 / 53 earnings

Positive

+22.4%

Q3 2023

Best reaction

-17.7%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.3%-2.5%
Q4 2025+5.9%+7.0%-4.5%
Q3 2025+13.6%+21.9%+32.3%
Q1 2025-2.5%+5.0%+5.8%
Q4 2024+0.6%+1.4%-11.0%
Q3 2024+3.6%-0.8%+4.2%
Q2 2024+7.6%+8.3%+20.8%
Q1 2024-7.4%-7.2%-11.3%
Q4 2023+18.5%+18.7%+28.2%
Q3 2023+22.4%+21.4%+32.4%
Q2 2023-17.7%-21.4%-22.7%
Q1 2023-9.1%-10.8%-10.6%
Q4 2022-5.3%-5.9%-19.0%
Q3 2022-5.5%-5.0%+6.3%
Q2 2022-2.1%+3.1%-5.3%
Q1 2022-5.6%-10.0%-19.6%
Q4 2021+6.6%+7.8%+15.9%
Q3 2021+6.0%+2.6%-8.3%
Q2 2021+8.4%+6.3%+6.3%
Q1 2021-5.3%-0.4%-4.0%
Q4 2020-6.9%-4.3%+1.5%
Q3 2020+8.9%+27.4%+41.3%
Q2 2020+2.1%+5.1%+13.5%
Q1 2020+0.8%-20.8%+35.0%
Q4 2019-3.5%-11.8%-57.2%
Q3 2019-5.4%-6.1%-5.3%
Q2 2019+0.5%+3.6%+2.3%
Q1 2019+3.1%+4.4%+5.7%
Q4 2018+2.7%+5.4%+6.9%
Q3 2018+11.7%+15.5%+14.0%
Q2 2018-10.6%-11.2%-4.1%
Q1 2018+2.3%+4.0%+5.0%
Q4 2017-7.7%-9.3%-15.6%
Q3 2017+2.1%+3.0%-1.2%
Q2 2017+1.6%+0.0%-1.4%
Q1 2017-10.1%-9.8%-12.4%
Q4 2016-8.6%-4.8%-3.8%
Q3 2016+7.5%+1.9%+18.6%
Q2 2016-3.0%-3.1%-2.7%
Q1 2016-2.0%
Q4 2015+0.5%
Q3 2015+0.4%
Q2 2015-6.5%
Q1 2015-3.2%
Q4 2012-3.4%
Q4 2014-3.4%
Q3 2014+0.8%
Q3 2013+0.8%
Q2 2014-2.6%
Q2 2013-2.6%
Q1 2013+5.7%
Q1 2014+5.7%
Q4 2013+5.7%
Q3 2012
Q2 2012
Q1 2012

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