Financial highlights for the first quarter of 2024 as compared to the same period of 2023, including financial highlights excluding movements in foreign exchange rates (“FX”)1:

1This is a non-GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

2Financial highlights exclude results of discontinued operations. See “Supplemental Disclosures” section herein for more information.

3Segment Adjusted EBITDA is a GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

Please refer to the “Liquidity and Financial Position” section of this earnings release for additional details.

1Excludes movements in FX

2Excludes results of discontinued operations

1Excludes movements in FX

2Excludes results of discontinued operations

3This is a non-GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

Expected results and estimates may be impacted by factors outside of the Company’s control, and actual results may be materially different from this guidance. See “Cautionary Statement Concerning Forward-Looking Statements” herein.

1This is a non-GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

America: Revenue up 5.8%:

•Revenue up in all regions

•Higher billboards revenue driven by increased demand and digital deployments; growth in both print and digital

•Digital revenue up 7.9% to $84.2 million from $78.0 million

•National sales comprised 34.5% of America revenue, compared to 33.1% in the prior year

Airports: Revenue up 43.0%:

•Strong demand across portfolio

•Digital revenue up 44.1% to $42.6 million from $29.6 million

•National sales comprised 55.2% of Airports revenue, compared to 60.1% in the prior year

Europe-North: Revenue up 8.5%; excluding movements in FX, up 5.9%:

•Higher revenue in the U.K., Sweden and Belgium, mainly due to increased demand and digital deployments; partially offset by loss of transit contract in Norway

•Digital revenue up 12.5% to $73.5 million from $65.3 million; digital revenue, excluding movements in FX, up 9.1% to $71.3 million

Other: Revenue down 17.9%; excluding movements in FX, down 20.0%:

•Loss of contract in Singapore; partially offset by higher revenue in Latin America

Direct Operating and SG&A Expenses1:

1“Direct operating and SG&A expenses” as presented throughout this earnings release refers to the sum of direct operating expenses (excluding depreciation and amortization) and selling, general and administrative expenses (excluding depreciation and amortization).

2Includes restructuring and other costs of $0.8 million and $0.2 million during the three months ended March 31, 2024 and 2023, respectively.

3This is a non-GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

America: Direct operating and SG&A expenses flat:

•Higher compensation costs largely driven by increased headcount and pay increases

•Offset by lower credit loss expense driven by improved collections and specific reserves recorded in the prior year

•Site lease expense down 0.2% to $82.8 million from $83.0 million driven by the renegotiation of an existing contract

Airports: Direct operating and SG&A expenses up 21.9%:

•Site lease expense up 21.4% to $44.0 million from $36.3 million driven by higher revenue

•Higher compensation costs largely driven by higher sales commissions

Europe-North: Direct operating and SG&A expenses up 2.2%; excluding movements in FX, down 0.1%:

•Site lease expense down 4.1% to $54.4 million from $56.7 million; site lease expense, excluding movements in FX, down 5.8% to $53.4 million driven by contract loss in Norway

•Offset by higher compensation costs

Other: Direct operating and SG&A expenses down 11.2%; excluding movements in FX, down 12.3%:

•Lower costs driven by loss of contract in Singapore

•Partially offset by higher site lease expense in Latin America

Corporate Expenses1:

1Certain costs that were historically allocated to the Company’s Europe-South segment and reported within SG&A expenses, totaling $1.9 million during the three months ended March 31, 2023, have been deemed to be costs of continuing operations and are now reported within corporate expenses for all periods presented.

2Includes restructuring and other costs (reversals) of $2.5 million and $(0.1) million during the three months ended March 31, 2024 and 2023, respectively.

3This is a non-GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

•Higher employee compensation costs, including share-based compensation

•Higher restructuring and other costs

Adjusted EBITDA1:

1This is a non-GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

2Segment Adjusted EBITDA is a GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

3Certain costs that were historically included in Segment Adjusted EBITDA for the Europe-South segment have been deemed to be costs of continuing operations and have been reclassified to Adjusted Corporate expenses for all periods presented.

AFFO1:

1This is a non-GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

1As of March 31, 2024, our America segment had presence in 28 U.S. DMAs.

2Billboards includes bulletins, posters, spectaculars and wallscapes.

3Other displays includes street furniture and transit displays.

4As of March 31, 2024, our Airports segment had displays across nearly 200 commercial and private airports in the U.S. and the Caribbean.

5The decrease in Other displays was driven by the loss of a contract in Singapore.

•CCIBV revenue increased 3.8% to $139.5 million from $134.4 million. Excluding the $3.3 million impact of movements in FX, CCIBV revenue increased 1.4% as higher revenue from our Europe-North segment, as described in the above “Results” section of this earnings release, was partially offset by the loss of a contract in Singapore.

•CCIBV operating loss was $6.5 million compared to $18.1 million in the same period of 2023.

1Includes capital expenditures for discontinued operations of $2.2 million.

Please refer to Table 3 in this earnings release for additional detail regarding our outstanding debt balance.

1Excludes depreciation and amortization.

2Other expense, net, for the three months ended March 31, 2024 includes $11.8 million of debt modification expense related to the debt transactions the Company completed in March 2024.

3Loss from discontinued operations for the three months ended March 31, 2024 reflects the net loss generated during the period by operations in Spain. Income from discontinued operations for the three months ended March 31, 2023 was driven by a gain of $96.4 million from the sale of our former business in Switzerland, partially offset by the income tax expense related to such sale and net loss collectively generated during the period by operations in France, Italy, Spain and Switzerland.

1Total current assets and total assets include assets of discontinued operations of $128.5 million and $131.3 million at March 31, 2024 and December 31, 2023, respectively.

2Current liabilities includes liabilities of discontinued operations of $64.9 million and $68.8 million at March 31, 2024 and December 31, 2023, respectively.

1On March 18, 2024, we issued $865.0 million aggregate principal amount of CCOH 7.875% Senior Secured Notes and used a portion of the proceeds therefrom to prepay $835.0 million of borrowings outstanding under our Term Loan Facility. At the same time, we amended our Senior Secured Credit Agreement to, among other things, refinance the $425.0 million remaining principal balance on the Term Loan Facility and to extend its maturity date from 2026 to 2028, subject to certain conditions.

2As of March 31, 2024, we had $43.2 million of letters of credit outstanding and $106.8 million of excess availability under the Revolving Credit Facility.

3As of March 31, 2024, we had $48.9 million of letters of credit outstanding and $89.2 million of excess availability under the Receivables-Based Credit Facility.

4On March 22, 2024, CCIBV entered into the CCIBV Term Loan Facility, totaling an aggregate principal amount of $375.0 million, and used the proceeds therefrom to redeem all of the outstanding $375.0 million aggregate principal amount of CCIBV Senior Secured Notes.

•Adjusted EBITDA is defined as income (loss) from continuing operations, plus: income tax expense (benefit) attributable to continuing operations; all non-operating expenses (income), including other expense (income), loss (gain) on extinguishment of debt and interest expense, net; other operating expense (income), net; depreciation, amortization and impairment charges; share-based compensation expense included within corporate expenses; and restructuring and other costs included within operating expenses. Restructuring and other costs include costs associated with cost savings initiatives such as severance, consulting and termination costs and other special costs.

•As part of the calculation of Adjusted EBITDA, the Company also presents the non-GAAP financial measure of “Adjusted Corporate expenses,” which the Company defines as corporate expenses excluding share-based compensation expense and restructuring and other costs.

•The Company uses the National Association of Real Estate Investment Trusts (“Nareit”) definition of FFO, which is consolidated net income (loss) before: depreciation, amortization and impairment of real estate; gains or losses from the disposition of real estate; and adjustments to eliminate unconsolidated affiliates and noncontrolling interests. The Company defines AFFO as FFO excluding discontinued operations and before the following adjustments for continuing operations: maintenance capital expenditures; straight-line rent effects; depreciation, amortization and impairment of non-real estate; loss on extinguishment of debt and debt modification expense; amortization of deferred financing costs and discounts; share-based compensation expense; deferred taxes; restructuring and other costs; transaction costs; foreign exchange transaction gain or loss; and other items, including adjustment for unconsolidated affiliates and noncontrolling interest and nonrecurring infrequent or unusual gains or losses.

1Net gain on disposition of real estate for the three months ended March 31, 2023 includes a gain of $96.4 million from the sale of our former business in Switzerland.

Reconciliation of Loss from Continuing Operations Guidance1 to Adjusted EBITDA Guidance1

1Guidance excludes movements in FX

Reconciliation of Loss from Continuing Operations Guidance1 to AFFO Guidance1

1Guidance excludes movements in FX.