CCO - Clear Channel Outdoor reports Q4 results

Clear Channel Outdoor press release (NYSE:CCO): Q4 net income was $65.5 million compared to net loss of $32.6 million during the same period of 2020. Revenue of $742.71M (+37.2% Y/Y). We anticipate having approximately $323.8 million and $323.7 million of cash interest payment obligations in 2022 and 2023, respectively, assuming we do not refinance or incur additional debt. Guidance for the first quarter of 2022: Consolidated revenue between $520 million and $550 million vs. consensus of $516.36M Americas revenue between $290 million and $300 million Europe revenue between $220 million and $235 million, excluding movements in FX

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Clear Channel Outdoor reports Q4 results