# Clear Channel Outdoor Holdings Inc (CCO)

> Source: Nexqual · https://nexqual.com/CCO · data as of 2026-10-14 20:00 UTC · cite as "Nexqual, Clear Channel Outdoor Holdings Inc (CCO), nexqual.com/CCO" · informational, not investment advice.

**Price:** USD 2.42 (-0.41% on the day) · last close of Oct 14, 2026; US market pre market, not a live price. Prev close 2.43 · day 2.42–2.46 · 52w 1.7–2.46 · market cap $1.23B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.68B, net income -$106M (-6.3% margin), free cash flow $84.3M (SEC filings).
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $63.0M; 2 not under a Rule 10b5-1 plan ($63.0M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Next earnings: 2026-11-05, EPS estimate USD 0.01, revenue estimate $430M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.77B | $1.38B | $1.43B | $1.51B | $1.60B | $1.68B |
| Operating income | $58.8M | $256M | $217M | $279M | $311M | $317M |
| Net income | -$434M | -$96.6M | -$311M | -$179M | $19.9M | -$106M |
| EPS (diluted) | -$0.93 | -$0.20 | -$0.65 | -$0.37 | $0.04 | — |
| Free cash flow | -$282M | -$44.7M | -$135M | -$62.6M | $32.0M | $84.3M |
| Operating margin | 3.3% | 18.5% | 15.1% | 18.5% | 19.4% | 18.9% |
| Net margin | -24.5% | -7.0% | -21.7% | -11.9% | 1.2% | -6.3% |
| Revenue growth | -4.6% | -21.9% | +3.8% | +5.0% | +6.6% | — |
| Cash + short-term investments | $411M | $282M | $172M | $110M | $190M | — |
| Total debt | $5.60B | $5.56B | $5.63B | $5.66B | $5.10B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.7x · EV/EBITDA 12.6x · EV/Sales 3.7x · P/FCF 14.6x · FCF yield 6.84% · Earnings yield -8.60% · Net debt $4.92B · EV $6.15B

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-15 | White Raymond T. | Director | 2,804,171 | $6.7M | 96.9% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-09 | White Raymond T. | Director | 23,435,796 | $56.3M | 89% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Peers (Advertising Agencies)
QNST (QuinStreet, Inc.) USD 16.88 +2.93% · ZD (Ziff Davis, Inc.) USD 57.95 +1.61% · CRTO (Criteo S.A.) USD 14.87 -0.47% · DV (DoubleVerify Holdings, Inc.) USD 13.56 -0.00% · STGW (Stagwell Inc.) USD 8.99 +0.78% · EVC (Entravision Communications Corp) USD 6.26 -0.79%

## More
Full page: https://nexqual.com/CCO · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| America | $324.3M | 74.0% | +7.0% |
| Airports | $113.6M | 25.9% | +14.0% |
| Total revenue | $438.0M | 100% | — |

## Revenue by region (quarter ended 2025-09-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Americas | $405.6M | 100.0% | +8.1% |
| Singapore | $68,000 | 0.0% | +88.9% |
| Total revenue | $405.6M | 100% | — |

## Company outlook (8-K filed 2026-08-05)

- "The Merger is expected to close by the end of the third quarter of 2026, subject to the satisfaction of remaining customary closing conditions, including receipt of regulatory approvals, such as review by the Committee on Foreign Investment in the United States."
- "Debt: Based on our outstanding indebtedness as of June 30, 2026, we expect to pay approximately $197 million of cash interest during the second half of 2026 and approximately $394 million in 2027."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.01 | $-0.01 | -159.5% | $429.6M | 2 |
| Next quarter (ends 2026-12-31) | $0.05 | $0.04 | +20.6% | $485.3M | 2 |
| Current fiscal year (ends 2026-12-31) | $-0.06 | $-0.07 | -23.4% | $1.72B | 2 |
| Next fiscal year (ends 2027-12-31) | $0.00 | $0.01 | -100.0% | $1.77B | 1 |