NYSE · Financial Statements

Clear Channel Outdoor Holdings, Inc. (CCO) Financial Statements

$2.42 NYSE: CCO Market Cap $1.23B

Clear Channel Outdoor Holdings, Inc. most recently reported annual revenue of $1.6B, a net loss of $105.0M. Revenue declined at an average annual rate of 2.9% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Clear Channel Outdoor Holdings, Inc.: Revenue fell from $2.7B in 2016 to $1.6B in 2025, a change of -40.1% over 9 years; net profit was positive in 1 of 10 reported years; operating margin moved from 23.6% to 19.0%, a shift of -4.6 percentage points; the most recent year shows a net loss of $105.0M.

Income Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	$2.7B	$2.6B	$2.7B	$2.7B	$1.9B	$1.8B	$1.4B	$1.4B	$1.5B	$1.6B
Operating Expenses	$2.0B	$2.4B	$2.5B	$2.4B	$2.1B	$1.7B	$1.1B	$1.2B	$1.2B	$1.3B
Operating Profit	$632.0M	$232.0M	$252.0M	$253.0M	$-292.0M	$59.0M	$256.0M	$217.0M	$279.0M	$304.0M
Operating Margin	23.6%	9.0%	9.3%	9.4%	-15.8%	3.3%	18.5%	15.1%	18.6%	19.0%
Other Income	$-397.0M	$-1.1B	$-422.0M	$-542.0M	$-366.0M	$-453.0M	$-335.0M	$-400.0M	$-412.0M	$-403.0M
Interest	$375.0M	$380.0M	$388.0M	$420.0M	$360.0M	$349.0M	$334.0M	$421.0M	$402.0M	$396.0M
Depreciation	$344.0M	$326.0M	$319.0M	$315.0M	$420.0M	$372.0M	$293.0M	$258.0M	$240.0M	$175.0M
Profit Before Tax	$235.0M	$-906.0M	$-170.0M	$-290.0M	$-658.0M	$-395.0M	$-79.0M	$-183.0M	$-133.0M	$-99.0M
Tax	$32.9M	$30.9M	$-19.1M	$-25.0M	$8.8M	$9.2M	$113.8M	$12.9M	$7.0M	$-5.0M
Net Profit	$135.0M	$-644.0M	$-218.0M	$-363.0M	$-583.0M	$-434.0M	$-97.0M	$-311.0M	$-179.0M	$-105.0M
EPS	$0.37	$-1.78	$-0.60	$-0.88	$-1.29	$-0.92	$-0.20	$-0.65	$-0.37	$-0.21
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$527.0M	$632.0M	$482.0M	$376.0M	$375.0M	$427.0M	$334.0M	$403.0M	$406.0M	$462.0M	$374.0M	$438.0M
Operating Expenses	$457.0M	$508.0M	$449.0M	$308.0M	$308.0M	$327.0M	$289.0M	$325.0M	$325.0M	$348.0M	$317.0M	$349.0M
Operating Profit	$70.0M	$124.0M	$32.0M	$68.0M	$67.0M	$100.0M	$45.0M	$77.0M	$81.0M	$113.0M	$56.0M	$89.0M
Operating Margin	13.2%	19.7%	6.7%	18.2%	17.8%	23.5%	13.5%	19.2%	19.9%	24.6%	15.1%	20.3%
Interest	$107.0M	$107.0M	$108.0M	$107.0M	$107.0M	$79.0M	$99.0M	$96.0M	$101.0M	$99.0M	$98.0M	$99.0M
Profit Before Tax	$-51.0M	$20.0M	$-88.0M	$-31.0M	$-34.0M	$1.0M	$-54.0M	$11.0M	$-64.0M	$8.0M	$-58.0M	$-10.0M
Tax	$480,000	$-25.7M	$-300,000	$18.6M	$16.8M	$215.6M	$-2.2M	$41.7M	$22.5M	$44.5M	$15.2M	$-6.8M
Net Profit	$-263.0M	$25.0M	$-90.0M	$-39.0M	$-33.0M	$-18.0M	$63.0M	$10.0M	$-60.0M	$-106.0M	$-49.0M	$-5.0M
EPS	$-0.55	$0.05	$-0.19	$-0.08	$-0.07	$-0.04	$0.13	$0.03	$-0.10	$-0.22	$-0.10	$-0.01

Over the 10 years reported for Clear Channel Outdoor Holdings, Inc., borrowings increased from $5.1B in 2016 to $6.5B in 2025, cash stood at $190.0M in the latest year, shareholders' equity was $5.0M, current assets covered current liabilities 1.28 times.

Balance Sheet — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	$5.7B	$4.7B	$4.5B	$6.4B	$5.8B	$5.3B	$5.1B	$4.7B	$4.8B	$3.8B
Current Assets	$1.3B	$974.0M	$1.0B	$1.2B	$1.3B	$1.1B	$1.1B	$957.0M	$1.7B	$793.0M
Cash	$542.0M	$144.0M	$182.0M	$399.0M	$785.0M	$411.0M	$282.0M	$252.0M	$110.0M	$190.0M
Inventory	$21.0M	$22.0M	$18.0M	$21.0M	$17.0M	$0	$0	$0	$0	$0
Receivables	$602.0M	$664.0M	$711.0M	$713.0M	$468.0M	$643.0M	$454.0M	$500.0M	$344.0M	$371.0M
Fixed Assets	$1.4B	$1.4B	$1.3B	$3.1B	$2.5B	$2.4B	$2.1B	$2.2B	$1.8B	$1.5B
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$10.0M	$10.0M	$10.0M	$9.0M	$8.0M	$0	$0	$0	$0	$3.0M
Other Assets	$696.0M	$714.0M	$706.0M	$704.0M	$710.0M	$699.0M	$651.0M	$657.0M	$508.0M	$508.0M
Total Liabilities	$6.7B	$6.5B	$6.6B	$8.4B	$8.5B	$8.5B	$8.3B	$8.2B	$8.4B	$7.2B
Current Liabilities	$642.0M	$658.0M	$730.0M	$1.2B	$1.1B	$1.1B	$1.1B	$884.0M	$1.3B	$618.0M
Borrowings	$5.1B	$5.3B	$5.3B	$7.0B	$7.3B	$7.2B	$7.0B	$7.2B	$7.0B	$6.5B
Other Liabilities	$1.5B	$1.3B	$1.3B	$1.4B	$1.3B	$1.3B	$1.3B	$999.0M	$1.4B	$753.0M
Equity	$4.0M	$4.0M	$4.0M	$5.0M	$5.0M	$5.0M	$5.0M	$5.0M	$5.0M	$5.0M
Reserves	$-933.0M	$-2.0B	$-2.3B	$-2.2B	$-2.8B	$-3.2B	$-3.3B	$-3.5B	$-3.7B	$-3.4B

For Clear Channel Outdoor Holdings, Inc., operating cash flow was positive in 8 of 10 reported years; free cash flow in the latest year was $32.0M; free cash flow was positive in 2 of 10 years; financing activities used $9.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$310.0M	$160.0M	$187.0M	$215.0M	$-138.0M	$-133.0M	$140.0M	$31.0M	$80.0M	$115.0M
Investing Cash Flow	$344.0M	$-379.0M	$-415.0M	$-453.0M	$-30.0M	$-301.0M	$-406.0M	$-286.0M	$-298.0M	$440.0M
Financing Cash Flow	$27.0M	$-201.0M	$72.0M	$85.0M	$-12.0M	$-30.0M	$-11.0M	$-21.0M	$-30.0M	$-9.0M
Net Cash Flow	$151.0M	$-364.0M	$15.0M	$214.0M	$378.0M	$-375.0M	$-121.0M	$-38.0M	$-88.0M	$81.0M
Free Cash Flow	$81.0M	$-64.0M	$-24.0M	$-18.0M	$-262.0M	$-282.0M	$-45.0M	$-135.0M	$-63.0M	$32.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	-0.14
EV / EBITDA	30.19
FCF Yield	5.70%
Quick Ratio	1.25
Interest Coverage	1.69
Return 1Y	102.52%
Return 3Y	60.67%
Return 5Y	-4.37%

Clear Channel Outdoor Holdings, Inc. (CCO) financials — frequently asked questions

What is Clear Channel Outdoor Holdings, Inc.'s annual revenue?

Clear Channel Outdoor Holdings, Inc. (CCO) reported annual revenue of $1.6B in its most recent fiscal year.

What is Clear Channel Outdoor Holdings, Inc.'s net profit?

Clear Channel Outdoor Holdings, Inc. (CCO) reported a net loss of $105.0M in its most recent fiscal year.

What is CCO EV/EBITDA?

Clear Channel Outdoor Holdings, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 30.19.

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