MergerMay 6, 2026, 06:09 AM
Clear Channel Outdoor Q1 Revenue $373.9M; Merger Progresses
AI Summary
Clear Channel Outdoor Holdings, Inc. reported its first-quarter 2026 financial results while also providing an update on its pending take-private merger. The company entered a definitive agreement on February 9, 2026, to be acquired by an investor consortium for $2.43 per share in cash, with the merger expected to close by the end of Q3 2026. For Q1 2026, consolidated revenue increased by 11.9% to $373.9 million, and Adjusted EBITDA grew by 31.0% to $103.8 million, although the company reported a consolidated net loss of $48.0 million.
Key Highlights
- Clear Channel Outdoor entered a definitive agreement to be acquired by an investor consortium for $2.43 per share in cash.
- The merger is expected to close by the end of Q3 2026, subject to stockholder and regulatory approvals.
- Consolidated revenue increased 11.9% to $373.9 million for Q1 2026 compared to $334.2 million in Q1 2025.
- Consolidated net loss was $48.0 million in Q1 2026, compared to net income of $63.2 million in Q1 2025.
- Adjusted EBITDA rose 31.0% to $103.8 million in Q1 2026 from $79.3 million in Q1 2025.
- America segment revenue grew 9.6% and Airports segment revenue increased 19.1% in Q1 2026.
- Cash and cash equivalents stood at $195.5 million as of March 31, 2026.
- Total debt was $5.11 billion as of March 31, 2026.