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…
Earnings analysis · 10-Q
OUT earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.11
- Segment
- Billboard
- Segment
- Transit
What stood out
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Revenue Growth
Q1 2026 revenues increased by 10%, reaching $429.6 million compared to $390.7 million in Q1 2025.
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Billboard Segment Success
Billboard segment revenues rose 7% to $332.9 million from $310.7 million, aided by higher average revenue per display.
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Transit Segment Revenue Surge
Transit segment revenues surged 22% from $77.7 million to $95 million, reflecting increasing demand.
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Adjusted OIBDA Jump
Adjusted OIBDA grew 56% year-over-year to $100.4 million, indicating strong operational performance.
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Improved Cash Flow
Operating cash flow increased by 124% to $75.3 million from $33.6 million in Q1 2025.
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Reductions in SG&A Costs
SG&A expenses decreased by 6% to $107.3 million from $114.7 million, reflecting cost-saving measures.
What to watch
-
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.
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Working Capital Deficit Worsening
Working capital deficit widened to $(90.7) million as of March 31, 2026, from $(41.6) million in December 2025.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.