Clear Channel Outdoor Q2 Revenue Climbs 8.7%, Spain Sale Closes as Merger Nears Finish
CCO has more than doubled off its 52-week low of $1.02.
Summary
Clear Channel Outdoor reported Q2 2026 revenue of $438 million (+8.7% YoY) and completed the $132.3 million sale of its Spain business, as its take-private merger at $2.43/share nears closing.
Key Events · Earnings and Guidance · CCO
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Q2 Revenue Up 8.7%
Consolidated revenue reached $438.0 million, with America up 7.0% and Airports up 14.0%, boosted by FIFA World Cup advertising and strong tech demand in San Francisco.
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Adjusted EBITDA Rises 11.6%
Adjusted EBITDA was $143.4 million, with America segment Adjusted EBITDA up 11.6% to $142.4 million and Airports up 22.8% to $29.9 million.
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Spain Business Sold for $132.3M
Completed the sale of its Spain operations on August 4, 2026; net proceeds will be used to reduce outstanding debt, subject to the merger outcome.
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Merger Expected to Close by Q3 End
The take-private merger at $2.43 per share, approved by stockholders on May 12, 2026, awaits remaining regulatory approvals including CFIUS review.
Analysis · CCO · Trade & Services
A strong second quarter saw revenue rise 8.7% to $438 million and Adjusted EBITDA climb 11.6% to $143.4 million, fueled by FIFA World Cup advertising and robust tech-sector demand in the Bay Area. The company also completed the $132.3 million sale of its Spain business, with proceeds earmarked to reduce its heavy debt load. These results land against the backdrop of a pending take-private merger at $2.43 per share — just below the current $2.44 stock price — which is expected to close by the end of the third quarter, pending CFIUS approval. With no guidance or earnings call, this stands as the last earnings snapshot before the planned go-private transaction.
At the time of this filing, CCO was trading at $2.44 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $1.02 to $2.44. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.