Clear Channel Outdoor reports Q2 loss
Clear Channel Outdoor has reported a 24% year on year fall in worldwide revenue for the second quarter, leaving it at $692.1 million.
The outdoor giant’s international division, which includes the UK, saw revenue fall 29% year on year to $376.6 million.
The international division also reported a fall in OBIDAN, or pre-tax profit, of 42% year on year, to $63.7 million. Worldwide it was down 36% year on year.
The total revenue decline at Clear Channel Outdoor included a $61 million fall due to movements in foreign exchange rates. Without these, the company said that the worldwide decline would have been 18%.
Its parent company, CC Media Holdings, reported a net loss of $3.7 billion period on period, while revenue was down 21% on Q1.
Adwanted UK is the trusted delivery partner for three essential services which deliver accountability, standardisation, and audience data for the out-of-home industry.
Playout is Outsmart’s new system to centralise and standardise playout reporting data across all outdoor media owners in the UK. SPACE is the industry’s comprehensive inventory database delivered through a collaboration between IPAO and Outsmart.
The RouteAPI is a SaaS solution which delivers the ooh industry’s audience data quickly and simply into clients’ systems.
Contact us for more information on SPACE, J-ET, Audiotrack or our data engines.