Filing Flows › Clear Channel Outdoor Holdings (CCO) › Q4 2024
Clear Channel Outdoor Holdings (CCO) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 24, 2025
Clear Channel Outdoor Holdings (CCO) reported revenue of $427M for the fourth quarter 2024 (Q4 2024), +3% from a year earlier and +14% from the quarter before. Operating margin was 23.5%, net loss $16.6M (3.9% of revenue).
Clear Channel Outdoor Holdings, Q4 2024: revenue $427M (+3% year over year), operating margin 23.5%, net loss $16.6M, operating cash flow $29.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $427M | +14% | +3% |
| Operating profit | $100M | — | — |
| Net earnings | −$16.6M | — | — |
| Operating cash flow | $29.3M | -46% | -11% |
What changed
Revenue was $426.7M in Q4 2024, up 3% year over year and up 14% from the previous quarter.
Operating profit was $100.1M, a 23.5% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 42% reached operating profit, above the 23% margin then. Total costs grew 2% against revenue growth of 3%. The quarter ended with a net loss of $16.6M, narrower than the previous quarter's $31.6M loss. Net interest and other expense of $114.8M was the main reason.
Operating cash flow was $29.3M (down 11% year over year). Non-cash charges added back $43.2M of depreciation and amortization and $6.5M of share-based compensation. Working capital and other items used $3.9M. Capital expenditures of $57.1M exceeded it, leaving free cash flow of −$27.8M.
Questions
What was Clear Channel Outdoor Holdings' revenue in the fourth quarter 2024?
Clear Channel Outdoor Holdings (CCO) reported revenue of $427M for the fourth quarter 2024 (Q4 2024), +3% from a year earlier and +14% from the quarter before.
Was Clear Channel Outdoor Holdings profitable in the fourth quarter 2024?
Operating profit was $100M (23.5% of revenue) and net loss $16.6M.