SpendscapeCompanies · out-of-home media
Clear Channel Outdoor
Sell sideCCO
Clear Channel Outdoor brought in $1.60B of revenue in fiscal 2025, growing -3% a year over five years at a 19% operating margin.
$1.60Brevenue, FY2025
-3%growth a year, 5 years
19%operating margin
Revenue and margin
Bars: revenue, $B (10-K). Line: operating margin. Years where the filing's revenue line isn't comparable are left out of the line.
What they told investors
“As I've noticed -- as I've noted on previous calls, it's my firm belief that if you make something easier to buy, you inevitably grow your business and our growth in programmatic presence would certainly ensure that we continue to capture advertising dollars from other media and…”William Eccleshare · · transcript
“And the only thing I would add within Europe is, we have been putting quite an effort into it and we'd start on -- encouraging start-up -- enterprising start-up companies to come into the medium and explore the way in which we could run with a low cost of entering into…”William Eccleshare · · transcript
What they see in the market
What its leaders and filings say about the ad market: its own ad business, or the channels advertisers use, since 2019; counts are statements, not spending.
Out-of-home 321× since 2019Programmatic & display 29× since 2019Measurement 14× since 2019Sponsorships & athletes 4× since 2023AI in marketing 3× since 2023CRM, loyalty & first-party data 2× since 2022Creative campaigns 1× since 2021
- Out-of-home “Advertising demand is sensitive to broader economic conditions, as spending on out-of-home advertising has historically correlated with overall economic activity, including changes in gross domestic product.” 10-Q · Aug 5, 2026 · source
- Sponsorships & athletes “The increases reflected increased advertising activity associated with the 2026 FIFA World Cup and strong performance in the San Francisco Bay Area, driven by continued demand from technology advertisers and, for the six-month period, the impact of Super Bowl LX.” 10-Q · Aug 5, 2026 · source
- Programmatic & display “Digital displays typically generate higher revenue per structure than printed displays because they can host multiple advertisers, support dynamic creative content and enable data-driven campaign delivery, creating additional advertising opportunities and optimizing yield per…” 10-K · Feb 26, 2026 · source
- Measurement “• RADARProof ® : Our campaign measurement and attribution solution that analyzes anonymized and/or aggregated data to assess the impact of OOH advertising on audience behavior across advertiser objectives such as brand awareness, store visits, website traffic and mobile…” 10-K · Feb 26, 2026 · source
- AI in marketing “We are also piloting artificial intelligence (“AI”)-enabled tools and expanding automated and self-service buying options to improve lead generation, response times and overall customer experience.” 10-K · Feb 26, 2026 · source
In the news
- Clear Channel Outdoor expands Radar data platform Digital Signage Today · Sep 28, 2026 · platforms & adtech