OUTFRONT Media Q3 revenue beats estimates

Outfront Media

06/11/2025 21:35

Overview

OUTFRONT Media Q3 revenue grows 3.5%, beating analyst expectations

Adjusted FFO for Q3 beats analyst estimates, reflecting strong operational performance

Transit segment revenue rises 23.7%, driven by NYC performance

Outlook

OUTFRONT Media expects to close the year with momentum

Company sees continued strength in transit revenues

Result Drivers

TRANSIT REVENUE - Transit segment revenues increased 23.7% due to higher average revenue per display and new transit franchise contracts

BILLBOARD REVENUE DECLINE - Billboard segment revenues decreased 2.2% due to lost billboards and lower proceeds from condemnations

COST MANAGEMENT - Operating expenses decreased due to lower variable property lease expenses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$467.50 mln
$458.32 mln (5 Analysts)
Q3 EPS
$0.29
Q3 Net Income
$51.30 mln
Q3 Adjusted FFO
Beat
$100.30 mln
$0.41 (4 Analysts)
Q3 FFO
$99.70 mln
Q3 Operating Income
$89.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for OUTFRONT Media Inc is $20.00, about 12.1% above its November 5 closing price of $17.59

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nPnbM50NQa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)