Clear Channel Outdoor Holdings, Inc (CCO) Income Statement
CCO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCCO revenue and net income
Where CCO's revenue goes
2025Each bar shows an amount and its share of revenue. CCO kept −6.5% of revenue as net income.
CCO profit margins
CCO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.6% | +5.1% | −2.9% | −5.4% |
| Gross profit | −17.4% | −4.9% | +0.8% | −6.3% |
| Operating income | +9.0% | +6.0% | — | +1.5% |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CCO quarterly EPS vs estimates
Clear Channel Outdoor beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.00).
CCO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.60B | $1.51B | $1.43B | $1.38B | $1.77B | $1.85B | $2.68B | $2.72B | $2.59B | $2.68B |
| Cost of revenue | $922.9M | $680.6M | $660.3M | $588.8M | $887.0M | $1.20B | $1.45B | $1.47B | $1.41B | $1.42B |
| Gross profit | $681.3M | $824.7M | $773.9M | $792.8M | $881.7M | $653.4M | $1.23B | $1.25B | $1.18B | $1.27B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $262.4M | $373.0M | $544.0M | $625.9M | $487.9M | $579.6M | $665.3M | $675.0M | $642.9M | $632.6M |
| Total operating expenses | $376.9M | $545.5M | $557.0M | $536.9M | $822.9M | $945.8M | $978.7M | $999.2M | $942.5M | $629.6M |
| Operating income | $304.4M | $279.2M | $216.8M | $255.9M | $58.8M | −$292.4M | $252.9M | $251.8M | $232.3M | $631.9M |
| Interest income | $395.6M | $401.5M | $398.1M | $362.7M | $350.5M | $360.3M | $1.3M | $393,000 | $68.9M | $50.3M |
| Interest expense | $395.6M | $401.5M | $421.4M | $334.1M | $349.0M | $360.3M | $419.5M | $388.1M | $379.7M | $374.9M |
| Income before taxes | −$98.8M | −$133.1M | −$183.1M | −$79.0M | −$394.6M | −$658.2M | −$289.5M | −$170.3M | −$906.4M | $235.4M |
| Income taxes | $4.9M | −$9.4M | −$23.7M | −$89.9M | −$36.5M | −$58.0M | $72.3M | $32.5M | −$280.2M | $77.5M |
| Net income | −$104.6M | −$179.3M | −$310.9M | −$96.6M | −$433.8M | −$582.7M | −$363.3M | −$218.2M | −$644.3M | $135.1M |
| EBITDA | $471.8M | $508.0M | $473.3M | $548.4M | $326.5M | $121.8M | $444.6M | $578.3M | $536.0M | $634.0M |
| EPS (diluted) | $0.08 | −$0.30 | −$0.17 | −$0.14 | −$0.40 | −$0.91 | −$0.65 | −$0.84 | −$1.78 | $0.41 |
| Gross margin | 42.5% | 54.8% | 54.0% | 57.4% | 49.8% | 35.2% | 45.9% | 46.0% | 45.5% | 47.3% |
| Operating margin | 19.0% | 18.5% | 15.1% | 18.5% | 3.3% | −15.8% | 9.4% | 9.3% | 9.0% | 23.6% |
| Net margin | −6.5% | −11.9% | −21.7% | −7.0% | −24.5% | −31.4% | −13.5% | −8.0% | −24.9% | 5.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $438.0M | $373.9M | $461.5M | $405.6M | $402.8M | $334.2M | $426.7M | $375.2M | $376.5M | $481.8M | $632.1M | $526.8M |
| Cost of revenue | $196.2M | $221.6M | $254.2M | $184.4M | $185.5M | $168.5M | $191.2M | $167.0M | $167.2M | $260.8M | $302.5M | $271.4M |
| Gross profit | $241.9M | $152.2M | $207.4M | $221.2M | $217.3M | $165.7M | $235.5M | $208.2M | $209.3M | $220.9M | $329.6M | $255.4M |
| Sales, general & admin | $106.5M | $66.6M | $122.8M | $95.0M | $96.1M | $63.7M | $96.6M | $93.2M | $133.4M | $130.1M | $277.7M | $87.1M |
| Total operating expenses | $152.8M | $95.8M | $94.0M | $140.5M | $139.9M | $120.7M | $135.3M | $141.4M | $140.9M | $188.5M | $205.3M | $185.9M |
| Operating income | $89.1M | $56.5M | $113.3M | $80.7M | $77.4M | $45.0M | $100.1M | $66.7M | $68.4M | $32.4M | $124.3M | $69.5M |
| Interest income | — | — | $99.2M | $101.1M | $96.0M | $99.4M | — | $107.0M | $107.4M | — | — | — |
| Interest expense | $99.0M | $98.5M | $99.2M | $101.1M | $96.0M | $99.4M | $79.5M | $107.0M | $107.4M | $107.7M | $106.8M | $107.4M |
| Income before taxes | −$9.7M | −$58.3M | $8.5M | −$64.0M | $10.9M | −$54.1M | $910,000 | −$33.7M | −$31.2M | −$88.4M | $20.2M | −$51.3M |
| Income taxes | $299,000 | −$8.8M | $3.8M | −$14.4M | $4.5M | $1.2M | $2.0M | −$5.7M | −$5.8M | $267,000 | −$5.2M | −$244,000 |
| Net income | −$5.3M | −$49.1M | −$105.8M | −$60.1M | $9.5M | $62.5M | −$17.9M | −$32.5M | −$39.2M | −$89.7M | $24.8M | −$263.5M |
| EBITDA | $130.6M | −$115.2M | $152.4M | $80.9M | $121.5M | $88.2M | $156.7M | $126.0M | $140.8M | $73.5M | $183.2M | $114.1M |
| EPS (diluted) | −$0.01 | −$0.10 | −$0.01 | −$0.12 | $0.08 | $0.13 | −$0.03 | −$0.06 | −$0.04 | −$0.17 | $0.05 | −$0.11 |
| Gross margin | 55.2% | 40.7% | 44.9% | 54.5% | 53.9% | 49.6% | 55.2% | 55.5% | 55.6% | 45.9% | 52.1% | 48.5% |
| Operating margin | 20.3% | 15.1% | 24.6% | 19.9% | 19.2% | 13.5% | 23.5% | 17.8% | 18.2% | 6.7% | 19.7% | 13.2% |
| Net margin | −1.2% | −13.1% | −22.9% | −14.8% | 2.4% | 18.7% | −4.2% | −8.7% | −10.4% | −18.6% | 3.9% | −50.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CCO's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CCO financial results
In fiscal year 2025 (ended December 31, 2025), Clear Channel Outdoor reported revenue of $1.6 billion, up 6.6% from the year before. It had a net loss of $104.6 million, a net profit margin of −6.5%. Diluted earnings per share came to $0.08. Over five years revenue grew at an average rate of −2.9% a year.
See the CCO stock overview for the latest quote and news, or the CCO chart for price history and technical indicators.
CCO income statement FAQ
What is Clear Channel Outdoor's annual revenue?
Clear Channel Outdoor reported total revenue of $1.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 6.6% from $1.5 billion the previous year.
Is Clear Channel Outdoor profitable?
No. Clear Channel Outdoor reported a net loss of $104.6 million in fiscal 2025, a net profit margin of −6.5%; its operating margin was 19.0%.
What is Clear Channel Outdoor's gross margin?
Clear Channel Outdoor's gross margin was 42.5% in fiscal 2025: for every $100 of revenue, Clear Channel Outdoor kept $42 after the direct cost of its products and services.
How fast is Clear Channel Outdoor growing?
Revenue grew −2.9% a year on average over the last five fiscal years, from $1.9 billion to $1.6 billion.
What are Clear Channel Outdoor's earnings per share?
Clear Channel Outdoor earned $0.08 per diluted share in fiscal 2025, compared with $-0.30 a year earlier.
When will Clear Channel Outdoor report its next earnings?
Clear Channel Outdoor is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Clear Channel Outdoor's fiscal year end?
Clear Channel Outdoor's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.