Clear Channel Outdoor (CCO) Q4 2025 earnings summary

Executive summary

• Entered a definitive agreement to be acquired by Mubadala Capital and TWG Global for $2.43 per share, expected to close by Q3 2026.

• Will not provide financial guidance or host a Q4 2025 earnings call due to the pending transaction.

Financial highlights

• Q4 2025 consolidated revenue rose 8.2% year-over-year to $461.5M; full-year revenue up 6.6% to $1.60B.

• Q4 net income was $9.7M, reversing a $16.6M loss in Q4 2024; full-year net income was $24.7M versus a $175.9M loss in 2024.

• Adjusted EBITDA for Q4 increased 13.6% to $164.5M; full-year Adjusted EBITDA up 6.1% to $504.8M.

• Adjusted Funds From Operations (AFFO) for Q4 up 62.4% to $59.9M; full-year AFFO up 62.6% to $95.3M.

Outlook and guidance

• No financial guidance provided due to the pending take-private transaction.