Clear Channel Outdoor Holdings (CCO) Reports Q3 Revenues Beat

Clear Channel Outdoor Holdings (NYSE: CCO) reported Q3 revenue for the quarter came in at $663.74 million versus the consensus estimate of $655.32 million.

“In the third quarter we continued to combine sales execution with digital innovations across our Americas and International businesses, generating results for us and our advertising partners,” said Bob Pittman, Executive Chairman and Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. “Our progress in making advanced data insights and programmatic central to our platform has opened up even more opportunities for marketers to create strategic moments of engagement with their audiences at scale. This is one of the reasons many of the world\'s most respected brands, including top Internet media companies, appear on our out-of-home advertising displays.”

Rich Bressler, Chief Financial Officer of Clear Channel Outdoor Holdings, Inc. said, “We have delivered another quarter of growth with both Americas and International contributing to revenue, operating income and OIBDAN increases in the third quarter. We continue to benefit from the success of our strategic initiatives while remaining committed to financial discipline.”

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

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