Clear Channel Outdoor Holdings, Inc. (CCO) Q4 2024 Earnings Call Transcript

For the period ending December 31, 2024

February 24, 2025 8:30 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Ladies and gentlemen, thank you for standing by. Welcome to Clear Channel Outdoor Holdings, Inc. 2024 Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I will now turn the conference over to your host, Eileen McLaughlin, Vice President, Investor Relations. Please go ahead.

Eileen McLaughlin

Good morning, and thank you for joining our call. On the call today are Scott Wells, our CEO; and David Sailer, our CFO. They will provide an overview of the 2024 fourth quarter operating performance of Clear Channel Outdoor Holdings, Inc. and Clear Channel International, B.V. We recommend you download the 2024 fourth quarter earnings presentation located in the Financial Information section of our investor website and review the presentation during this call. After an introduction and a review of our results, we'll open the line for questions.

Before we begin, I'd like to remind everyone that during this call, we may make forward-looking statements regarding the company, including statements about its future financial performance and its strategic goals. All forward-looking statements involve risks and uncertainties and there can be no assurance that management's expectations, beliefs or projections will be achieved or that actual results will not differ from expectations. Please review the statements of risks contained in our earnings press release and our filings with the SEC.

During today's call, we will also refer to certain measures that do not conform to generally accepted accounting principles. We provide schedules that reconcile these non-GAAP measures with our reported results on a GAAP basis as part of the earnings presentation. When reviewing our earnings presentation, it's important to note that as of December 31, 2024, we have classified our Europe-North segment and Latin American businesses as discontinued operations for all periods presented.

Additionally, our Europe-South segment, including the business in Spain, was classified as discontinued operations in 2023. The consolidated results include the Americas segment, Airports segment in Singapore. Also, please note that the information provided on this call speaks only to management's views as of today, February 24, 2025, and may no longer be accurate at the time of a replay.

Please see slide four in the earnings presentation, and I will now turn the call over to Scott.