Outfront Media Inc. (NYSE:OUT) Q1 2022 Results Conference Call May 2, 2022 4:30 PM ET
Company Participants
Stephan Bisson - VP, IR
Jeremy Male - Chairman, CEO
Matthew Siegel - EVP, CFO
Conference Call Participants
Ben Swinburne - Morgan Stanley
Ian Zaffino - Oppenheimer
Jim Goss - Barrington Research
Jason Bazinet - Citi
Richard Choe - JP Morgan
Operator
Good day, everyone, and welcome to the OUTFRONT Media First Quarter 2022 Earnings Conference Call.
At this time, I'd like to turn the conference over to Stephan Bisson, Vice President of Investor Relations. Please go ahead, sir.
Stephan Bisson
Good afternoon, and thank you for joining our 2022 first 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'll open up the lines for a question-and-answer session.
Our comments today will refer to the earnings release and a slide presentation that you can find on the Investor Relations section of our website, outfrontmedia.com. After today's call has concluded, an audio archive 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 2021 Form 10-K and our March 31, 2022, Form 10-Q, which we expect to file tomorrow.
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, everyone, for joining us today. It's great to be here sharing our first quarter results, which came in stronger than we anticipated when we spoke last in February. Many of the positive trends we previously noted continued into the start of 2022 and, indeed, through to today.
Demand for our billboards has never been hotter. And given the flexibility of digital, we continue to book late incremental business. This is reflected in our increase in billboard yields, and transit revenues continue to improve as employers increasingly encourage their teams to join them in the office, at least part of the time.