Stock Track | Clear Channel Outdoor Holdings Reports Strong Q3 Revenue Growth Driven by Digital Advertising Strength

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Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) reported solid financial results for the third quarter of 2024, with revenue increasing 6.1% year-over-year to $558.99 million, surpassing analysts' expectations. The company's strong performance was driven by robust demand for digital out-of-home advertising across its business segments, particularly in the Americas and Europe-North regions.

The company's America segment, which includes its U.S. operations excluding airports, saw revenue rise 5.0% to $292.82 million. This growth was fueled by increased demand for both digital and printed billboards, as well as the deployment of new digital billboards. Digital revenue in the Americas segment surged 8.4% to $105.8 million, reflecting the accelerating shift towards digital advertising.

The Airports segment experienced a 9.0% revenue increase to $82.33 million, led by strong advertising demand at the Port Authority of New York and New Jersey airports. Digital revenue in this segment also grew modestly by 0.8% to $42.1 million. In the Europe-North segment, which comprises operations in the UK, the Nordics, and several other northern and central European countries, revenue climbed 11.4% to $166.36 million, or an 8.6% increase when excluding foreign exchange movements. This segment's digital revenue soared 15.4% to $96.7 million, highlighting the region's continued digital transformation.

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The company's strong performance was driven by robust demand for digital out-of-home advertising across its business segments, particularly in the Americas and Europe-North regions.</p>\n\n<p>The company's America segment, which includes its U.S. operations excluding airports, saw revenue rise 5.0% to $292.82 million. This growth was fueled by increased demand for both digital and printed billboards, as well as the deployment of new digital billboards. Digital revenue in the Americas segment surged 8.4% to $105.8 million, reflecting the accelerating shift towards digital advertising.</p>\n\n<p>The Airports segment experienced a 9.0% revenue increase to $82.33 million, led by strong advertising demand at the Port Authority of New York and New Jersey airports. Digital revenue in this segment also grew modestly by 0.8% to $42.1 million. 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(NYSE: CCO) reported solid financial results for the third quarter of 2024, with revenue increasing 6.1% year-over-year to $558.99 million, surpassing analysts' ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CCO","symbol_name":"Clear Channel Outdoor Holdings","start_time":0,"source_url":"","article_id":"1177990154","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1177990154","pubTimestamp":1730389988,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Clear Channel Outdoor Holdings, Inc.  reported solid financial results for the third quarter of 2024, with revenue increasing 6.1% year-over-year to $558.99 million, surpassing analysts' expectations. 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