JCDecaux (DEC) Q1 2026 TU earnings summary

Executive summary

• Q1 2026 revenue reached €880.6 million, up 2.6% year-over-year and 5.7% on an organic basis.

• Digital revenue grew 13.1% organically, now representing 41.7% of total revenue.

• Programmatic digital revenue surged 27.2% organically, accounting for 10.5% of digital revenue.

• Growth was achieved despite geopolitical challenges in the Middle East, which impacted regional performance.

Financial highlights

• Street Furniture revenue grew 6.8% organically; Transport up 7.5%; Billboard declined 2.9%.

• Advertising revenue (excluding sales, rental, and maintenance) increased 6.6% organically.

• Q1 2026 reported revenue was €880.6 million, compared to €858.0 million in Q1 2025.

Outlook and guidance

• Q2 2026 organic revenue growth expected around 3%, or 5% excluding Middle East.

• Positive momentum anticipated from the 2026 FIFA World Cup and new contracts in H2.