Clear Channel Outdoor Holdings (CCO) Reports Q2 Revenues Above Consensus

Clear Channel Outdoor Holdings (NYSE: CCO) reported Q2revenue for the quarter came in at $711.98 million versus the consensus estimate of $701.5 million.

“We continue to make great strides in our digital transformation using innovative technology to deliver flexible and creative solutions that connect advertisers to customers,” said Bob Pittman, Executive Chairman and Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. “Even as we continue to win contracts that expand our digital offerings, we remain focused on developing programmatic, data analytics, and attribution capabilities that add value to our global network.”

“We are pleased with the success of our ongoing strategic initiatives and the growth in consolidated revenue, operating income and OIBDAN this quarter,” said Rich Bressler, Chief Financial Officer of Clear Channel Outdoor Holdings, Inc. “We remain committed to financial discipline as we invest to grow our businesses.”

For earnings history and earnings-related data on Clear Channel Outdoor Holdings (CCO) click here.

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