OUTFRONT Media Inc. (NYSE:OUT) Q2 2023 Results Conference Call August 3, 2023 4:30 PM ET
Company Participants
Stephan Bisson - Vice President of Investor Relations
Jeremy Male - Chairman and Chief Executive Officer
Matthew Siegel - Executive Vice President and Chief Financial Officer
Conference Call Participants
Ben Swinburne - Morgan Stanley
Richard Choe - JPMorgan
James Goss - Barrington Research
Ian Zaffino - Oppenheimer
Operator
Good afternoon. My name is Dennis, and I will be your conference operator today. At this time, I would like to welcome everyone to the Outfront Second Quarter 2023 Earnings Conference Call. All lines have be placed on mute to prevent any background noise. After the speaker’s remarks there will be a questions and answer session. [Operator Instructions]
I would now like to turn the conference over to Mr. Stephan Bisson, Vice President of Investor Relations. Please go ahead.
Stephan Bisson
Good afternoon and thank you for joining our 2023 second quarter earnings call. With me on the call today are Jeremy Male, Chairman and Chief Executive Officer; and Matthew Siegel, Executive Vice President and Chief Financial Officer.
After a discussion of our financial results, we will open up the lines up for a question and answer session. Our comments today will refer to the earnings release and the slide presentation that you can find on the Investor Relations section of our website, outfront.com. After today’s call has concluded, a replay will be available there as well.
This conference call may include forward-looking statements. Relevant factors that could cause actual results to differ materially from these forward-looking statements are listed in our earnings materials and in our SEC filings, including our 2022 Form 10-K and our June 30, 2023 Form 10-Q which we expect to file in coming days.
We will refer to certain non-GAAP financial measures on this call. Any references to OIBDA made today will be on an adjusted basis. Reconciliations of OIBDA and other non-GAAP financial measures are in the appendix of the slide presentation, the earnings release and on our website, which also includes presentations with prior period reconciliations.
Let me now turn the call over to Jeremy.
Jeremy Male
Thanks, Stephan and thank you again everyone for joining us today. While our revenues reached out, mid single-digit guidance provided in May, they were a little below our original expectations and budget.
The quarter got off to a good start, but business softened towards the end, particularly in June, where much of the late booking revenue we had experienced in recent quarters did not materialized to the same extent.