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Platt Retail Institute


USA: Clear Channel Outdoor’s Growth Driven by Digital

9 May 2011 9 h 13 min

clear-channel-120Clear Channel Outdoor Holdings, Inc. has reported revenues of $650 million in the first quarter of 2011, a 7% increase from the $609 million for the first quarter of 2010. The consolidated net loss was $10 million, compared to a consolidated net loss of $49 million, for the same period last year.

Americas revenue increased $18 million, or 7%, compared to the first quarter of 2010, driven by revenue growth across most of the company’s display types, particularly digital. As of March 31, 2011, Clear Channel Outdoor had deployed 658 digital (LED) displays in 36 U.S. markets. This includes 43 digital displays that were installed during the first quarter of 2011.

International revenue increased $23 million, or 7%, compared to the first quarter of 2010, primarily as a result of increased street furniture sales and an increase from movements in foreign exchange.

Categories : Ad-network, Ad-sales, Europe, Finances, Outdoor, Outdoor Billboard, United States

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