Financial highlights for the second 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.

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 0.9%:

•Revenue up in most markets, most notably Miami, driven by increased demand and digital deployments

•Digital revenue up 4.1% to $102.4 million from $98.4 million

•National sales comprised 35.0% of America revenue

Airports: Revenue up 21.4%:

•Strong demand across portfolio, led by the Port Authority of New York and New Jersey airports and the San Francisco International Airport; growth largely attributable to new advertising customers

•Digital revenue up 14.6% to $48.3 million from $42.1 million

•National sales comprised 57.7% of Airports revenue

Europe-North: Revenue up 9.9%; excluding movements in FX, up 10.1%:

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

•Digital revenue up 18.0% to $93.9 million from $79.5 million; digital revenue, excluding movements in FX, up 17.9% to $93.8 million

Other: Revenue down 22.2%; excluding movements in FX, down 19.2%:

•Loss of contract in Singapore

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 $0.7 million and $0.3 million during the three months ended June 30, 2024 and 2023, respectively, and $1.5 million and $0.6 million during the six months ended June 30, 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 up 3.4%:

•Higher compensation costs driven by increased headcount, pay increases and higher variable-incentive compensation

•Higher credit loss expense related to specific reserves for certain customers

•Site lease expense down 1.0%, to $84.7 million from $85.5 million, driven by the renegotiation of an existing contract and lower revenue-share rent payments

Airports: Direct operating and SG&A expenses up 22.7%:

•Site lease expense up 23.4%, to $52.8 million from $42.8 million, driven by higher revenue and lower rent abatements

•Higher production, installation and maintenance costs driven by revenue growth

•Higher compensation costs largely driven by sales commissions

Europe-North: Direct operating and SG&A expenses up 6.5%; excluding movements in FX, up 6.7%:

•Higher property taxes and rental costs for additional digital displays

•Higher compensation costs driven by pay increases and variable-incentive compensation

•Site lease expense up 1.6%, to $59.2 million from $58.3 million; site lease expense, excluding movements in FX, up 2.0% to $59.5 million mainly driven by higher revenue, partially offset by contract loss in Norway

Other: Direct operating and SG&A expenses down 4.2%; excluding movements in FX, up 0.1%

Corporate Expenses1:

1Certain costs that were historically allocated to the Company’s Europe-South segment and reported within SG&A expenses, totaling $1.0 million and $2.9 million during the three and six months ended June 30, 2023, respectively, 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 of $1.4 million and $19.7 million during the three months ended June 30, 2024 and 2023, respectively, and $3.9 million and $19.6 million during the six months ended June 30, 2024 and 2023, respectively. Restructuring and other costs for the three and six months ended June 30, 2023 include an expense of $19.0 million recorded for the resolution of the investigation of the Company’s former indirect, non-wholly-owned subsidiary, Clear Media Limited.

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

•Lower restructuring and other costs driven by $19.0 million legal liability recorded in prior year for resolution of the Clear Media Limited investigation

•Partially offset by increase of $5.6 million for higher employee compensation costs (excluding share-based compensation), largely driven by bonuses and insurance benefits, and certain legal costs associated with property and casualty settlements

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.

2Percentage changes that are so large as to not be meaningful have been designated as “NM.”

1As of June 30, 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 June 30, 2024, our Airports segment had displays across nearly 200 commercial and private airports in the U.S. and the Caribbean.

•CCIBV revenue increased 6.4% to $164.8 million from $154.9 million. Excluding the $0.3 million impact of movements in FX, CCIBV revenue increased 6.6% 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 income was $10.3 million compared to $3.1 million in the same period of 2023.

1Includes capital expenditures for discontinued operations of $5.0 million.

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

1Excludes depreciation and amortization.

2Impairment charges for the three and six months ended June 30, 2024 relate to the impairment of long-lived assets in certain of the Company’s Latin American businesses.

3Other expense, net, for the six months ended June 30, 2024 includes $12.0 million of debt modification expense related to the debt transactions the Company completed in March 2024.

4Income from discontinued operations for the three and six months ended June 30, 2024 reflects the net income generated during these periods by operations in Spain. Income from discontinued operations for the three months ended June 30, 2023 includes a gain of $11.2 million from the sale of our former business in Italy, partially offset by the net loss collectively generated during the period by operations in Italy (through its sale date), France and Spain. Income from discontinued operations for the six months ended June 30, 2023 includes gains of $96.4 million and $11.2 million from the sales of our former businesses in Switzerland and Italy, respectively, partially offset by the net loss collectively generated during the period by operations in Switzerland and Italy (through their sale dates) and in France and Spain, as well as income tax expense related to the sale of the former Swiss business.

1Total current assets and total assets include assets of discontinued operations of $139.7 million and $131.3 million at June 30, 2024 and December 31, 2023, respectively.

2Current liabilities includes liabilities of discontinued operations of $62.9 million and $68.8 million at June 30, 2024 and December 31, 2023, respectively.

1As of June 30, 2024, we had $49.8 million of letters of credit outstanding and $108.2 million of excess availability under the Receivables-Based Credit Facility.

2As of June 30, 2024, we had $43.2 million of letters of credit outstanding and $106.8 million of excess availability under the Revolving Credit Facility.

3In March 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.

4In March 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.

1Restructuring and other costs for the three and six months ended June 30, 2023 include an expense of $19.0 million recorded for the resolution of the investigation of the Company’s former indirect, non-wholly-owned subsidiary, Clear Media Limited.

1Restructuring and other costs for the three and six months ended June 30, 2023 include an expense of $19.0 million recorded for the resolution of the investigation of the Company’s former indirect, non-wholly-owned subsidiary, Clear Media Limited.

1Net gain on disposition of real estate for the three and six months ended June 30, 2023 includes a gain of $11.2 million from the sale of our former business in Italy and, for the six months ended June 30, 2023, includes a gain of $96.4 million from the sale of our former business in Switzerland.

2Impairment charges for the three and six months ended June 30, 2024 relate to the impairment of long-lived assets in certain of the Company’s Latin American businesses.

3Restructuring and other costs for the three and six months ended June 30, 2023 include an expense of $19.0 million recorded for the resolution of the investigation of the Company’s former indirect, non-wholly-owned subsidiary, Clear Media Limited.

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.