Clear Channel Outdoor Posts 2025 Revenue Growth as Take-Private Deal Moves Forward

Clear Channel Outdoor Holdings reported higher revenue for the fourth quarter and full year of 2025, even as the U.S. out-of-home operator prepares to exit the public markets under a pending take-private transaction.

For the fourth quarter ended December 31, 2025, revenue rose 8.2 percent year on year to $461.5 million. Full-year revenue increased 6.6 percent to $1.60 billion. Adjusted EBITDA for the quarter climbed 13.6 percent to $164.5 million, while full-year Adjusted EBITDA reached $504.8 million, up 6.1 percent.

Growth was led by the company’s Airports segment, where fourth-quarter revenue jumped 13.7 percent to $131.8 million. Digital revenue at airports surged 23.5 percent to $91.6 million, reflecting strong advertiser demand in major hubs including New York, San Francisco and Washington, D.C. The America roadside business posted a 6.1 percent revenue increase to $329.6 million, supported by gains in both print and digital billboards. Digital billboard revenue in the America segment rose 5.1 percent to $128.9 million.

The results come weeks after the company announced a definitive agreement to be acquired by an investor group led by Mubadala Capital, in partnership with TWG Global. Under the terms of the deal, shareholders will receive $2.43 per share in cash. The transaction is expected to close by the end of the third quarter of 2026, subject to regulatory and shareholder approvals. Following completion, Clear Channel Outdoor’s shares will be delisted.

The company did not host an earnings call and is not providing financial guidance in light of the pending transaction.

From an industry perspective, the numbers underline the continued shift toward digital out-of-home formats, particularly in high-dwell environments such as airports. As advertisers seek measurable, data-driven campaigns that integrate with broader omnichannel strategies, digital inventory remains the primary growth engine within the OOH sector.

At the same time, Clear Channel Outdoor continues to manage a substantial debt load, with long-term debt of approximately $5.1 billion at year-end. The take-private deal may offer the company greater flexibility to restructure and invest outside the scrutiny of public markets, as the U.S. OOH landscape consolidates and digitization accelerates.