Clear Channel Outdoor Holdings (CCO) Company Report

Clear Channel Outdoor Holdings (CCO) announced on February 9, 2026, a definitive agreement to be acquired by Mubadala Capital and TWG Global for $2.43 per share in cash, with the transaction anticipated to close by the end of the third quarter of 2026.
For the fourth quarter of 2025, Consolidated Revenue increased 8.2% to $461,515 thousand, and Adjusted EBITDA grew 13.6% to $164,460 thousand compared to the prior year.
Full year 2025 saw Consolidated Revenue rise 6.6% to $1,604,140 thousand and Adjusted EBITDA increase 6.1% to $504,790 thousand.
The company reported Consolidated Net Income of $9,726 thousand for Q4 2025 and $24,739 thousand for the full year 2025, a notable improvement from losses in the corresponding 2024 periods.
In light of the pending take-private transaction, Clear Channel Outdoor Holdings is not providing financial guidance.

1 day ago

Press Release

Clear Channel Outdoor Holdings, Inc. Reports Q4 and Full Year 2025 Results and Announces Take-Private Merger

CCO

Earnings

M&A

Guidance Update

Clear Channel Outdoor Holdings, Inc. (CCO) announced a definitive agreement on February 9, 2026, to be acquired by Mubadala Capital and TWG Global for $2.43 per share in cash, with the transaction expected to close by the end of Q3 2026.
For the fourth quarter of 2025, CCO reported consolidated revenue of $461.5 million, an 8.2% increase year-over-year, and Adjusted EBITDA of $164.5 million, up 13.6%.
For the full year 2025, consolidated revenue was $1.604 billion, up 6.6% from 2024, with Adjusted EBITDA of $504.8 million, a 6.1% increase.
Due to the pending take-private transaction, the company is not providing financial guidance.
As of December 31, 2025, CCO held $211.1 million in cash and cash equivalents and had total debt of $5.103 billion.

2 days ago

8-K

Clear Channel Outdoor Holdings Agrees to $6.2 Billion Buyout

CCO

M&A

Takeover Bid

New Projects/Investments

Clear Channel Outdoor Holdings has agreed to be acquired by Mubadala Capital and TWG Global in an all-cash deal valued at $6.2 billion, with shareholders receiving $2.43 per share, representing a 71% premium to the October 16, 2025 unaffected price.
The buyer group plans to commit approximately $3 billion of equity to reduce debt, improve cash flow, and support a digital and operational repositioning of the company.
The transaction, which was unanimously approved by Clear Channel's board, is expected to close by the end of the third quarter of 2026, subject to regulatory approvals.
The acquisition addresses Clear Channel's stressed financial profile, highlighted by a weak interest coverage ratio around 0.76 and a negative Z-score.
Wade Davis is expected to join as executive chairman, leading investments in data, measurement, and transaction platforms as part of a broader transformation.

Feb 9, 2026, 10:50 PM

Bloomberg

Clear Channel Outdoor Holdings Agrees to be Acquired by Mubadala Capital and TWG Global

CCO

M&A

Takeover Bid

New Projects/Investments

Clear Channel Outdoor Holdings, Inc. (CCO) has entered into a definitive agreement to be acquired by Mubadala Capital, in partnership with TWG Global, in an all-cash transaction valued at an enterprise value of $6.2 billion.
Under the terms, common shareholders will receive $2.43 per share in cash, representing a 71% premium to the company's unaffected share price on October 16, 2025.
The transaction, which includes approximately $3 billion of committed equity capital, is expected to close by the end of the third quarter of 2026, subject to customary closing conditions and shareholder approval.
Clear Channel has a 45-day "go-shop" period, expiring on March 26, 2026, during which it can solicit alternative acquisition proposals.

Feb 9, 2026, 10:32 PM

Press Release

Clear Channel Outdoor Holdings, Inc. Agrees to be Acquired by Mubadala Capital

CCO

M&A

Takeover Bid

Clear Channel Outdoor Holdings, Inc. has entered into a definitive agreement to be acquired by Mubadala Capital, in partnership with TWG Global, for an enterprise value of $6.2 billion.
Clear Channel's common shareholders will receive $2.43 per share in cash, which represents a 71% premium to the unaffected share price of $1.42 on October 16, 2025.
The transaction is expected to close by the end of the third quarter of 2026, subject to customary closing conditions including regulatory and shareholder approvals.
Clear Channel has a 45-day "go-shop" period to solicit alternative acquisition proposals, which expires at 11:59 PM ET on March 26, 2026.

Feb 9, 2026, 10:30 PM

8-K

Strategic Venue Partners Appoints New CFO and CCO

CCO

Management Change

CFO Change

Hiring

Strategic Venue Partners (SVP) has appointed Tom Tidgwell as its new Chief Financial Officer (CFO), while current CFO and co-founder Chad Aaron has transitioned to Chief Commercial Officer (CCO).
These leadership changes are intended to strengthen SVP's financial and commercial capabilities to support its growth and market expansion.
Tidgwell will lead and scale SVP's finance organization, focusing on capital markets and financial strategy.
Aaron will now lead SVP's commercial strategy, overseeing sales and customer engagement across key enterprise verticals.

Jan 14, 2026, 1:00 PM

Press Release

Clear Channel Outdoor Discusses 2026 Outlook, Digital Strategy, and Capital Structure Plans

CCO

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Clear Channel Outdoor (CCO) anticipates strong advertising trends to continue into 2026, driven by major sporting events like FIFA and the Super Bowl, and positive upfront conversations with rate increases on premium assets. Key growth verticals expected include banking/financial services, technology (AI-driven), pharma, and auto insurance.
The company expects its airport business growth to normalize to mid to high single digits after strong performance. Digital investments are a key growth driver, with digital assets currently representing 35-36% of America segment revenue and expected to increase by 1-2 percentage points annually.
CCO reiterated its Investor Day targets through 2028, aiming for a 4-5% revenue CAGR, 6-8% EBITDA growth, $200 million in AFFO, and a reduction in leverage from 10 times to 7-8 times.
The MTA contract has outperformed initial plans, becoming cash flow positive in its first year, and is expected to contribute to America's margin expansion in Q4 2025 and into 2026 as costs normalize.
The company is focused on addressing its 2028 and 2029 unsecured maturities through asset sale proceeds and free cash flow generation. A REIT conversion is not immediate but could be a viable long-term option once leverage is reduced to approximately 5 times.

Dec 2, 2025, 9:50 PM

Transcript

Clear Channel Outdoor Outlines Strong 2026 Ad Outlook and Long-Term Financial Targets

CCO

Guidance Update

New Projects/Investments

Debt Issuance

Clear Channel Outdoor (CCO) anticipates strong advertising trends to continue into 2026, driven by positive bookings, rate increases on premium assets, and major events like FIFA 2026.
The company projects 4%-5% revenue CAGR and 6%-8% EBITDA growth through 2028, aiming to reduce leverage from 10 times today to 7-8 times by 2028.
Digital investments are a key growth driver, yielding a 4-5 times revenue uplift upon sign conversion, with digital assets currently generating 35%-36% of America segment revenue from only 5%-6% of assets.
CCO is focused on addressing 2028 and 2029 unsecured debt maturities through asset sale proceeds and free cash flow generation, noting current secured capacity is around $500-600 million.
A REIT conversion is not immediately planned but is a viable long-term option once leverage is reduced to the 5x area.

Dec 2, 2025, 9:50 PM

Transcript

Clear Channel Outdoor Discusses 2026 Outlook, Digital Strategy, and Debt Management

CCO

Guidance Update

New Projects/Investments

Debt Issuance

Clear Channel Outdoor anticipates strong advertising trends to continue into 2026, supported by robust bookings, positive upfront conversations, and rate increases on premium assets, with major events like FIFA 2026 and the Super Bowl expected to contribute significantly.
The company's digital investment strategy is a key driver, with digital conversions yielding a 4-5 times uplift in revenue. This strategy is central to achieving targets of 4-5% top-line growth, 6-8% bottom-line growth, and reducing leverage from 10 times to 7-8 times by 2028.
The MTA contract has outperformed expectations, becoming cash flow positive in its first year, and is projected to continue growing, contributing to margin expansion in the America's business in 2026.
Clear Channel Outdoor is focused on addressing its 2028 and 2029 unsecured maturities through free cash flow generation and asset sale proceeds. A REIT conversion is considered a viable long-term option once leverage is reduced to approximately 5 times.

Dec 2, 2025, 9:50 PM

Transcript

Clear Channel Outdoor Extends MWAA Airport Advertising Contract

CCO

New Projects/Investments

Revenue Acceleration/Inflection

Clear Channel Outdoor's Airports Division secured a new 10-year contract with a five-year renewal option with the Metropolitan Washington Airports Authority (MWAA), effective March 1, 2026, for advertising at Washington Reagan National Airport (DCA) and Washington Dulles International Airport (IAD).
This agreement builds on CCO's prior success, having nearly doubled revenue over the previous concessionaire since 2016.
The new contract includes a commitment to achieve 85% digital advertising coverage within two years through significant upgrades such as transparent digital LumiGlass and large format LED video walls.

Nov 21, 2025, 1:05 PM

Press Release