MergerMay 6, 2026, 06:09 AM
Clear Channel Outdoor to be Acquired for $2.43/Share; Q1 Revenue $373.9M
AI Summary
Clear Channel Outdoor Holdings, Inc. announced a definitive agreement 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 the first quarter of 2026, the company reported a revenue increase to $373.9 million from $334.2 million in Q1 2025. However, the company posted a net loss attributable to the Company of $48.6 million, a decline from a net income of $62.5 million in the prior year period. The Spain business remains classified as held for sale, with its transaction anticipated to close in the second quarter of 2026.
Key Highlights
- Clear Channel Outdoor to be acquired by an investor consortium for $2.43 per share in cash.
- The take-private merger is expected to close by the end of the third quarter of 2026.
- Q1 2026 Revenue increased to $373.9 million, up from $334.2 million in Q1 2025.
- Q1 2026 Net Loss attributable to the Company was $48.6 million, compared to Net Income of $62.5 million in Q1 2025.
- America segment Adjusted EBITDA rose to $104.7 million from $87.9 million in the prior year.
- Airports segment Adjusted EBITDA increased to $22.9 million from $14.3 million year-over-year.
- Total long-term debt was $5.10 billion as of March 31, 2026.
- The Spain business remains classified as held for sale, with the transaction expected to close in Q2 2026.
Price Impact
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