Outfront Media (OUT) Reports Q2 AFFO of $0.52

Outfront Media (NYSE: OUT) reported Q2 AFFO of $0.52, versus $0.57 reported last year. Revenue for the quarter came in at $384.7 million versus the consensus estimate of $383.48 million.

Our business generated 2.8% organic year-over-year revenue growth led by particularly strong transit results, which continued to benefit from improved national advertising," said Jeremy Male, Chairman & Chief Executive Officer. "We are focused on improving the performance of our domestic billboard business, and sustaining transit's outstanding performance across the U.S. We're also pleased to have extended the New York City subway advertising contract, and are excited by our new digital hardware and software solutions to drive future benefits for our clients, transit partners, and shareholders."

For earnings history and earnings-related data on Outfront Media (OUT) click here.

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