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NYSE · Communication Services

Clear Channel Outdoor Holdings, Inc. (CCO)

As-reported financials and SEC filings for Clear Channel Outdoor Holdings, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Clear Channel Outdoor Holdings, Inc.

Clear Channel Outdoor Holdings, Inc. provides out-of-home advertising solutions through a diverse portfolio of assets such as roadside billboards, street furniture, and airport displays. The company serves advertisers seeking to reach mass audiences in high-traffic public spaces across the United States. It focuses on leveraging digital displays, data analytics, and programmatic tools to deliver measurable advertising campaigns.

Snapshot

Revenue
$1.14B
Revenue growth (YoY)
-24.4%
Net income
$19.9M
Diluted EPS
$0.04
Gross margin
Operating margin
27.3%
Net margin
1.8%
FCF margin
2.8%
ROE
net income / fiscal-year-end equity
P/E
59.8×
trailing when available, otherwise FY EPS
Market cap
$1.22B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Clear Channel Outdoor Holdings

  • Revenue fell 24.4% to $1.1B in FY2025, slower than the 5.0% the year before.
  • Operating margin is 27.3% in FY2025, +24.0 pp against 3.3% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $438M, up 8.7% from Q2 FY2025.
  • Free cash flow was $32M in FY2025, 2.8% of revenue.
  • Net income turned positive at $20M in FY2025, from a $179M loss in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Clear Channel Outdoor Holdings’s fundamentals sit among the 216 Communication Services companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin27.3%
97th percentile of 185
Net margin1.8%
57th percentile of 191
FCF margin2.8%
42nd percentile of 164
Revenue growth (YoY)-24.4%
6th percentile of 209
P/E59.8×
80th percentile of 95
Short interest2.04d
33rd percentile of 216

Clear Channel Outdoor Holdings’s operating margin of 27.3% ranks in the 97th percentile of the 185 Communication Services companies reporting it. Clear Channel Outdoor Holdings’s revenue growth of -24.4% ranks in the 6th percentile of the 209 Communication Services companies reporting it.

No reported insider purchases (code P) in the last 90 days; 8 insider sales totaling $63.0M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+6 quant / multi-strat
Initiated / added
2
0 new, 2 added
Reduced / exited
8
5 trimmed, 3 exited
Combined position
$17.6M
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$7.5M3.1MAdded
Two Sigma InvestmentsquantQ2 2026$4.6M1.9MReduced
Millennium ManagementquantQ2 2026$1.9M788.1KReduced
Citadel AdvisorsquantQ2 2026$1.8M737.5KReduced
AQR Capital ManagementquantQ2 2026$1.0M426.9KAdded
Point72 Asset ManagementquantQ2 2026$735,305303.8KReduced
Gotham Asset ManagementQ2 2026$35,03914.5KReduced

No longer held by: Polen Capital Management (as of Q2 2026), Renaissance Technologies (as of Q2 2026), Soros Fund Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
8
$63.0M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-15
filed 2026-06-17
White Raymond T.DirectorSell2.1M$2.40$5.0M
2026-06-15
filed 2026-06-17
White Raymond T.DirectorSell303.3K$2.40$726K
2026-06-15
filed 2026-06-17
White Raymond T.DirectorSell204.6K$2.40$490K
2026-06-15
filed 2026-06-17
White Raymond T.DirectorSell187.4K$2.40$449K
2026-06-15
filed 2026-06-17
White Raymond T.DirectorSell900$2.40$2K
2026-06-09
filed 2026-06-11
White Raymond T.DirectorSell19.8M$2.40$47.4M
2026-06-09
filed 2026-06-11
White Raymond T.DirectorSell1.9M$2.40$4.6M
2026-06-09
filed 2026-06-11
White Raymond T.DirectorSell1.8M$2.40$4.2M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
21.5M
settled 2026-08-14
Change vs prior
-16.5%
vs previous settlement
Days to cover
2.04
at avg daily volume
Avg daily volume
10.5M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1421.5M-16.5%2.04
2026-07-3125.7M-25.8%4.62
2026-07-1534.7M+29.6%5.26
2026-06-3026.8M+65.5%2.35
2026-06-1516.2M+0.1%1.62
2026-05-2916.1M+9.4%2.93
2026-05-1514.8M-8.0%2.89
2026-04-3016.0M-11.7%3.70

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.14B$1.51B$1.43B$1.38B$1.77B
Gross profit
Operating income$310.6M$279.2M$216.8M$255.9M$58.8M
Net income$19.9M$-179.3M$-310.9M$-96.6M$-433.8M
Diluted EPS$0.04$-0.37$-0.65$-0.20$-0.93

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$114.9M$79.7M$31.3M$140.0M$-133.5M
Capital expenditure$82.9M$142.4M$166.6M$184.7M$148.0M
Free cash flow$32.0M$-62.6M$-135.3M$-44.7M$-281.5M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$438.0M8.7%$-5.3M$-0.01
Q1 FY2026$373.9M11.9%$-48.6M$-0.10
Q4 FY2025$-5.0M$8.0M$0.02
Q3 FY2025$405.6M8.1%$-60.1M$-0.12
Q2 FY2025$402.8M7.0%$9.5M$0.02
Q1 FY2025$334.2M2.2%$62.5M$0.13
Q4 FY2024$-72.8M$-17.9M$-0.04
Q3 FY2024$375.2M4.5%$-32.5M$-0.07

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorCommunication Services
SIC industryServices-Advertising
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2010
SEC CIK1334978

Selected SEC filings

10-K/A2026-03-27
View on EDGAR →
10-K2026-02-26
View on EDGAR →
10-Q2026-08-05
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-05-18
View on EDGAR →
8-K2026-05-12
View on EDGAR →
8-K2026-05-06
View on EDGAR →

Largest Communication Services peers

All Communication Services companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.