📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

OUTFRONT Media Inc. is one of the largest and most trusted out-of-home media companies in the U.S., helping brands connect with audiences in the moments and environments that matter most. As OUTFRONT evolves, it’s defining a new era of in-real-life marketing, turning public spaces into platforms for creativity, connection, and cultural relevance. With a nationwide footprint across billboards, digital displays, transit systems, and other out-of-home formats, OUTFRONT turns creative into powerful real-world experiences. Its in-house agency, OUTFRONT STUDIOS, and award-winning innovation team, XLabs, deliver standout storytelling, supported by advanced technology and data tools that can drive measurable impact. OUTFRONT Media Inc. was established in 2013 and was incorporated in Maryland.

Key Ratios Snapshot

📈 Growth Pattern

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⭐ Superinvestors Holding OUT

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	285.7K	$7.6M	0.01%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific ↑ Improving 4 quarters analysed

Q2 2025

Mixed

Management expressed confidence in restructuring and future growth ('we have cracked the back of the transformation changes'), but also acknowledged current revenue pressures from contract exits and used cautious language ('our work is far from finished', 'we are still early in the process').

Q3 2025

Confident Specific

Management used precise numbers (revenues +3.45%, Transit +24%, OIBDA +17%, AFFO +24%) and repeatedly stated results were ahead of internal expectations, while raising full-year AFFO guidance from mid- to high-single-digit growth.

Q4 2025

Confident Specific

Management repeatedly used specific growth percentages (e.g., 4.1% consolidated revenue growth, 12% OIBDA growth, 16% transit growth) and detailed segment breakdowns, expressing satisfaction with progress on strategic imperatives and strong momentum into 2026.

Q1 2026 latest

Confident Specific

Management expressed pleasure at results exceeding expectations, citing specific growth figures like 10% revenue increase and 56% OIBDA growth, and using optimistic phrases like 'sky's the limit'.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is stronger after this call. Q1 results convincingly beat expectations, with underlying billboard growth of 4% (ex-condemnation and L.A. exit) and transit surging 22% on strong MTA performance. The key catalyst is the MTA surpassing the MAG level, which triggers recoupment of past digital investments – meaning incremental revenue will be highly cash-accretive and improve free cash flow without additional dividend redistribution. Management guided Q2 revenue acceleration to over 10% and full-year AFFO growth in the mid-teens. However, investors should monitor whether Q2 guidance includes a World Cup benefit that may not repeat, and whether the sustained transit growth beyond the MTA contract is durable. Watch next quarter for the magnitude of MTA recoupment cash flow, the breakdown of World Cup ad contribution, and whether digital and programmatic momentum continues.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific ↑ Improving 4 quarters Full tone analysis in Intelligence →

📊 MIXED OUTFRONT Media Q1 2026: Revenues up 10%, OIBDA up 56% to ~$100 million, AFFO doubles to $61 million

Revenue & Profitability

Consolidated revenues grew 10% year-over-year in Q1 2026. Billboard revenues rose 7.1% (or over 4% excluding condemnations and a large LA contract exit). Transit revenues grew 22%. Consolidated adjusted OIBDA was approximately $100 million, up 56%. AFFO more than doubled to $61 million. Billboard adjusted OIBDA increased 18% (or 4% excluding condemnations). Transit adjusted OIBDA improved by about $13 million to a loss of just over $1 million.

Outlook

Management noted strong demand continuing into spring and summer. They expect Q2 2026 revenue growth to accelerate to over 10% year-over-year, driven by about 30% growth in transit and mid-single-digit billboard growth. The U.S. hosting the World Cup in June-July 2026 is expected to provide a benefit. The industry is working on measurement improvements through OAAA and Geopath.

Growth Drivers

Key growth drivers include the New York MTA transit contract (up over 26% in Q1), digital billboard conversion (14 new digital conversions in Q1, 125 expected for full year), programmatic and automated sales (up nearly 40% to 20% of digital revenue), and strong performance in tech and legal categories. The company noted strength in the San Francisco market driven by AI-related companies.

Balance Sheet & CapEx

Q1 2026 CapEx was about $24 million, including $7 million of maintenance. The company expects full-year 2026 CapEx of approximately $90 million, with $30-35 million for maintenance. Investments include technology upgrades (CRM, training modules, AdQuick partnership), new digital billboard conversions (125 expected for the year), and process improvements with a success-based consultant.

Margins

Consolidated adjusted OIBDA margin improved significantly in Q1, with OIBDA up 56% on 10% revenue growth. Billboard OIBDA increased 18% (or 4% excluding condemnations), driven by revenue growth outpacing expense growth. Transit OIBDA improved by $13 million to a loss of just over $1 million. Corporate expenses declined by about $6 million. Management expects AFFO to grow in the mid-teens for full-year 2026.

Key Risks

Not explicitly discussed in this earnings call. However, the transcript mentions a large marginally profitable billboard contract in Los Angeles that the company exited, and the condemnation revenue in Q1 was highlighted as a notable item. The MTA contract recoupment structure carries accounting complexity.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-05

Second quarter revenue grew 14% year-over-year, driven by strong transit and billboard performance, with World Cup campaigns contributing over $35 million. Adjusted OIBDA rose 29% and AFFO 45%, while digital and programmatic revenues accelerated. Guidance calls for continued high single-digit revenue growth and AFFO up over 20% for 2026.

Q1 2026 Q1 2026 2026-05-07

First quarter 2026 saw 10% revenue growth, 56% higher adjusted OIBDA, and strong transit and digital gains. Outlook remains positive with Q2 revenue growth expected to exceed 10%, supported by World Cup and tech sector momentum.

Q4 2025 Q4 2025 2026-02-25

Q4 2025 saw 4.1% revenue growth, led by transit and digital gains, with adjusted OIBDA up 12%. Strategic exits and digital investments drove margin expansion, and strong momentum is expected to continue into 2026, supported by the MTA, World Cup, and new tech partnerships.

Q3 2025 Q3 2025 2025-11-06

Q3 results surpassed expectations with 3.45% revenue growth, led by a 24% surge in Transit and strong digital gains. AFFO guidance for 2025 was raised, and refinancing improved liquidity and extended debt maturities. Major events and strategic partnerships are expected to drive future growth.

Q2 2025 Q2 2025 2025-08-05

Revenue and AFFO were flat to slightly up, with transit and digital segments showing growth while billboard revenues declined due to strategic contract exits. Cost reductions and restructuring are expected to drive margin expansion and mid-single-digit AFFO growth for 2025.

📊 Analysis Methodology

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