Filing Flows › Clear Channel Outdoor Holdings (CCO) › Q1 2025
Clear Channel Outdoor Holdings (CCO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Clear Channel Outdoor Holdings (CCO) reported revenue of $334M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -22% from the quarter before. Operating margin was 13.5%, net earnings $62.5M (18.7% of revenue).
Clear Channel Outdoor Holdings, Q1 2025: revenue $334M (+2% year over year), operating margin 13.5%, net earnings $62.5M, operating cash flow $14.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $334M | -22% | +2% |
| Operating profit | $45.0M | -55% | +3% |
| Net earnings | $62.5M | — | — |
| Operating cash flow | $14.9M | -49% | — |
What changed
Revenue was $334.2M in Q1 2025, up 2% year over year and down 22% from the previous quarter.
Operating profit was $45.0M, a 13.5% margin (unchanged year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, above the 13% margin then. Total costs grew 2% against revenue growth of 2%. Net earnings were $62.5M. The effective tax rate was 1.8%. Non-operating items added $19.4M, 30% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $14.9M, 24% of net earnings. Non-cash charges added back $43.0M of depreciation and amortization and $5.4M of share-based compensation. Working capital and other items used $96.7M. Capital expenditures of $25.5M exceeded it, leaving free cash flow of −$10.6M.
Questions
What was Clear Channel Outdoor Holdings' revenue in the first quarter 2025?
Clear Channel Outdoor Holdings (CCO) reported revenue of $334M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -22% from the quarter before.
Was Clear Channel Outdoor Holdings profitable in the first quarter 2025?
Operating profit was $45.0M (13.5% of revenue) and net earnings $62.5M.