OUT earnings analysis
What we found in OUT's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
OUTFRONT Media reported Q1 2026 revenues of $429.6 million, exceeding consensus estimates of $419.8 million, but diluted EPS fell to $0.11, below the expected $0.25. The company's revenue growth of 10% from the previous year was driven by a notable increase in both billboard and transit revenues, although operating margins showed significant fluctuations due to rising costs and restructuring initiatives.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth
- Q1 2026 revenues increased by 10%, reaching $429.6 million compared to $390.7 million in Q1 2025.
- Billboard Segment Success
- Billboard segment revenues rose 7% to $332.9 million from $310.7 million, aided by higher average revenue per display.
- Transit Segment Revenue Surge
- Transit segment revenues surged 22% from $77.7 million to $95 million, reflecting increasing demand.
- Adjusted OIBDA Jump
- Adjusted OIBDA grew 56% year-over-year to $100.4 million, indicating strong operational performance.
- Improved Cash Flow
- Operating cash flow increased by 124% to $75.3 million from $33.6 million in Q1 2025.
- Reductions in SG&A Costs
- SG&A expenses decreased by 6% to $107.3 million from $114.7 million, reflecting cost-saving measures.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Significant EPS Decline
- Diluted EPS fell to $0.11 from $0.43 a year ago, missing consensus estimates significantly.
- High Debt Levels
- Total debt remains high at $2.584 billion, with potential risks if cash flow declines.
- Working Capital Deficit Worsening
- Working capital deficit widened to $(90.7) million as of March 31, 2026, from $(41.6) million in December 2025.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.11
- Segment
- Billboard
- Segment
- Transit
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 26, 2026
- OUTFRONT Media reported total revenues of $1,831.7 million for the year ended December 31, 2025, driven by Billboard ($1,391.4M) and Transit ($431.2M). The company is executing a digitization strategy (31,421 digital…
- 10-Q · November 7, 2025
- OUTFRONT reported Q3 revenue of $467.5M (up $15.6M, +3.5% YoY and up $7.5M, +1.6% vs prior quarter), with operating income rising to $89.9M (from $71.3M a year ago). Diluted EPS was $0.29 (vs $0.20 a year ago) and…
- 10-Q · May 3, 2024
- OUTFRONT Media reported Q1 2024 revenues of $409M, representing a decrease of 6.25% compared to Q1 2023. Gross margin remained unchanged at 100%, but operating margin slightly improved to 3.5%, with an EPS loss of…
- 10-K · February 22, 2024
- OUTFRONT Media reported total revenues of $1,820.6 million for the year ended December 31, 2023 and continues to emphasize growing its digital display footprint and revenue management. Digital revenues reached $588.3…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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