Quarterly ResultMay 7, 2026, 04:21 PM
OUTFRONT Media Q1 Revenue $429.6M, Net Income $19.1M; Dividend $0.30
AI Summary
OUTFRONT Media Inc. reported strong financial results for the first quarter ended March 31, 2026, with revenues increasing 10.0% to $429.6 million and a significant turnaround in net income to $19.1 million from a loss in the prior year. Adjusted OIBDA and AFFO also saw substantial growth, exceeding guidance. Additionally, the company's board of directors declared a quarterly cash dividend of $0.30 per share.
Key Highlights
- Q1 2026 revenues reached $429.6 million, a 10.0% increase year-over-year.
- Net income attributable to OUTFRONT Media Inc. was $19.1 million, compared to a $20.6 million loss last year.
- Diluted EPS was $0.11, a significant improvement from ($0.14) in the prior year.
- Adjusted OIBDA increased by 56.4% to $100.4 million.
- AFFO attributable to OUTFRONT Media Inc. rose 125.1% to $61.0 million.
- Board declared a quarterly cash dividend of $0.30 per share, payable June 30, 2026.
- Billboard segment revenues grew 7.1% to $332.9 million.
- Transit segment revenues increased 22.3% to $95.0 million.