OUTFRONT Media Q3 revenue up 9%, slightly beats estimates
Overview
U.S. out-of-home advertiser's Q3 revenue grew 9%, a slight beat of analyst expectations
Net income attributable to OUTFRONT Media rose 26% from prior year
Outlook
Company expects 2026 to deliver double-digit revenue growth
OUTFRONT sees IRL marketing as a key driver for advertiser demand in 2026
Result Drivers
BILLBOARD SEGMENT - Higher average revenue per display and digital billboard sales, including FIFA World Cup-related revenues, lifted billboard segment results
TRANSIT SEGMENT - Transit segment growth driven by higher average revenue per display and FIFA World Cup-related revenues, partly offset by changes in franchise contracts
OPERATING EXPENSES - Operating expenses rose due to higher lease and franchise costs, inflation-linked payments to the MTA, and higher site-related costs
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Beat* | $511.10 mln | $508.80 mln (4 Analysts) |
Q3 EPS | $0.36 | ||
Q3 Net Income attributable | $64.80 mln | ||
Q3 Adjusted FFO | $102.90 mln | ||
Q3 FFO | $105.60 mln | ||
Q3 Operating Income | $102.80 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for OUTFRONT Media Inc. is $37.50, about 15.5% above its November 4 closing price of $32.48
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 23 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)