Clear Channel Outdoor Holdings, Inc. today reported solid financial results for the second quarter ended June 30, 2025, with consolidated revenue increasing 7.0% year-over-year to $402.8 million. The America segment's revenue grew 4.4% to $303.1 million, and the Airports segment saw a substantial 15.6% increase to $99.7 million. The company also reported income from continuing operations of $6.3 million, a significant improvement from a loss of $(25.4) million in the prior year.
Adjusted EBITDA for the quarter was $128.6 million, up 7.7% year-over-year. America Segment Adjusted EBITDA was $127.6 million, and Airports Segment Adjusted EBITDA surged 27.6% to $24.3 million. Adjusted Funds From Operations (AFFO) saw a robust increase of 75.9% to $27.8 million for the quarter.
Following the quarter, on August 4, 2025, the company completed a $2.05 billion private offering of senior secured notes, using the proceeds to redeem $2.0 billion of existing senior secured notes due 2027 and 2028. This extends approximately 40% of its debt maturities to 2031 and 2033, with the next scheduled debt maturity now in April 2028. Year-to-date debt reduction amounts to approximately $605 million. The company reiterated its midpoint for full-year 2025 consolidated revenue and Adjusted EBITDA guidance, with full-year AFFO expected to be between $75 million and $85 million, a substantial 28% to 45% increase over the prior year.
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