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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Clear Channel Outdoor
Clear Channel Outdoor (CCO) investor relations material
Clear Channel Outdoor Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary5 Aug, 2026
Executive summary
Revenue grew 8.7% year-over-year for Q2 2026 and 10.2% for the first half, driven by strong digital and print advertising, major events like the FIFA World Cup, and robust demand in key markets such as the San Francisco Bay Area.
Entered into a definitive agreement to be acquired by an investor consortium, with shareholders to receive $2.43 per share in cash; merger expected to close by end of Q3 2026, pending regulatory approvals.
Completed sale of Spain business for $132.3 million in August 2026, with proceeds intended to reduce debt.
No public earnings call or financial guidance provided due to pending merger.
Financial highlights
Q2 2026 revenue: $438.0 million (up 8.7% YoY); H1 2026 revenue: $811.9 million (up 10.2% YoY).
Q2 2026 net loss attributable to the company: $(5.3) million; H1 2026 net loss: $(53.9) million.
Adjusted EBITDA for Q2: $143.4 million (up 11.6% YoY); H1: $299.3 million (up 18.1% YoY).
Digital revenue rose 10.2% in Q2 and 11.9% in H1, representing 44.6% and 43.6% of total revenue, respectively.
AFFO up 61.6% to $44.9 million in Q2.
Outlook and guidance
The pending merger introduces uncertainty regarding future operations, capital structure, and strategic direction.
No financial guidance issued due to the pending merger.
Management expects liquidity to be sufficient for at least the next 12 months, with long-term needs dependent on business growth, digital investments, and merger completion.
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Latest events from Clear Channel Outdoor
- Merger and compensation proposals approved by stockholders; final results to be filed with SEC.CCO
AGM 2026 - Revenue up 11.9% and Adjusted EBITDA 31% as merger and Spain sale reshape capital structure.CCOQ1 2026
- Debt agreements amended to enable merger without triggering change of control provisions.CCOProxy filing
- Shareholders to vote on a cash merger at a 71% premium, with board and major holder support.CCOProxy filing
- Consent solicitation aims to amend note terms for a merger, requiring stockholder approval.CCOProxy filing
- Digital-led growth, margin gains, and $1B debt reduction target $200M AFFO by 2028.CCOInvestor Day 2025
- Airport-led national ad growth, data-driven strategy, and new contracts fuel optimism for 2025.CCOWells Fargo 8th Annual TMT Summit
- Q2 revenue up 5.2% to $559M; guidance raised as Airports and Europe-North drive growth.CCOQ2 2024
- Revenue up 2.2%, digital growth strong, debt reduced, and AFFO guidance raised for 2025.CCOQ1 2025
Next Clear Channel Outdoor earnings date
Q3 202612 Nov, 2026
Clear Channel Outdoor
Next Clear Channel Outdoor earnings date
Q3 202612 Nov, 2026
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Frequently asked questions
Clear Channel Outdoor Holdings Inc is an outdoor advertising company providing billboard, transit, and airport advertising solutions. The company operates a portfolio of printed and digital displays in urban, suburban, and airport environments, targeting local, regional, and national advertisers. Clear Channel Outdoor serves industries such as automotive, entertainment, and retail. The company is headquartered in San Antonio, Texas, and its shares are listed on the NYSE.