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Clear Channel Outdoor Holdings, Inc. Reports Results for 2018 Second Quarter

July 31, 2018

San Antonio, TX, July 31, 2018 – Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) today reported financial results for the second quarter ended June 30, 2018.

“We continue to make great strides in our digital transformation using innovative technology to deliver flexible and creative solutions that connect advertisers to customers,” said Bob Pittman, Executive Chairman and Chief Executive Officer of Clear Channel Outdoor Holdings, Inc. “Even as we continue to win contracts that expand our digital offerings, we remain focused on developing programmatic, data analytics, and attribution capabilities that add value to our global network.”

“We are pleased with the success of our ongoing strategic initiatives and the growth in consolidated revenue, operating income and OIBDAN this quarter,” said Rich Bressler, Chief Financial Officer of Clear Channel Outdoor Holdings, Inc. “We remain committed to financial discipline as we invest to grow our businesses.”

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About Clear Channel Outdoor Holdings, Inc.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is one of the world’s largest outdoor advertising companies with over 450,000 displays in 31 countries across Asia, Europe, Latin America and North America. Reaching millions of people monthly, including consumers in 43 of the top 50 U.S. markets, Clear Channel Outdoor enables advertisers to engage with consumers through innovative advertising solutions. Clear Channel Outdoor is pioneering the integration of out-of-home with mobile and social platforms, and the company’s digital platform includes more than 1,200 digital billboards across 28 markets in the U.S. and more than 14,000 digital displays in international markets. More information is available at ClearChannelOutdoor.com and ClearChannelInternational.com.

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Eileen McLaughlin
Vice President of Investor Relations

InvestorRelations@clearchannel.com

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Please note that the information presented is sourced from CCO’s filings with the Securities and Exchange Commission and is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards and procedures. Some information may be considered immaterial in the published year and has been consolidated with other line items, resulting in certain line items no longer being comparable.

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During the third quarter of 2023, the Company’s plan to sell the businesses comprising its Europe-South segment met the criteria to be reported as discontinued operations. Assets and liabilities of discontinued operations are presented separately in the Q3 2023 and Q4 2022 Balance Sheets and results of discontinued operations are reported as a separate component of the Q3 2023 and Q3 2022 Income Statements. All other periods reflect the historical presentation as sourced from CCO’s filings. Refer to notes throughout for reference.

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