Outfront Media

OUTFRONT Media Reports First Quarter 2024 Results

Retrieved on: 
木曜日, 5月 2, 2024
Corporation, Rotation, International, Travel, Insurance, MTA, Administration, Public expenditure, FFO, Net operating loss, Transit, Outfront Media, Adjustment, Letter, Music

Reported revenues of $408.5 million increased $12.7 million, or 3.2%, for the first quarter of 2024 as compared to the same prior-year period.

Key Points: 
  • Reported revenues of $408.5 million increased $12.7 million, or 3.2%, for the first quarter of 2024 as compared to the same prior-year period.
  • Net Loss Attributable to OUTFRONT Media Inc.
    Net loss attributable to OUTFRONT Media Inc. decreased $1.7 million, or 5.9%, in the first quarter of 2024 compared to the same prior-year period.
  • Net loss attributable to OUTFRONT Media Inc. per common share for diluted earnings per weighted average share was $0.18 in the first quarter of 2024 compared to $0.19 in the same prior-year period.
  • We will host a conference call to discuss the results on May 2, 2024, at 4:30 p.m. Eastern Time.

OUTFRONT and NYC Landmarks60 Alliance Launch Trivia Moments

Retrieved on: 
月曜日, 4月 29, 2024
OUTFRONT, New Yorker, Sport, Bus, New York City Subway, MTA, History, Outfront Media, Politics, Landmark, OOH, Barbaralee Diamonstein-Spielvogel, Knowledge, Architecture, Film industry

NEW YORK, April 29, 2024 /PRNewswire/ -- OUTFRONT Media (NYSE:OUT), one of the largest out of home (OOH) media companies in the U.S., and the NYC Landmarks60 Alliance are pleased to announce today's launch of Trivia Moments, a seven-month-long interactive citywide competition leading up to the 60th anniversary of New York City's Landmarks Law in 2025.

Key Points: 
  • NEW YORK, April 29, 2024 /PRNewswire/ -- OUTFRONT Media (NYSE:OUT), one of the largest out of home (OOH) media companies in the U.S., and the NYC Landmarks60 Alliance are pleased to announce today's launch of Trivia Moments, a seven-month-long interactive citywide competition leading up to the 60th anniversary of New York City's Landmarks Law in 2025.
  • New Yorkers that interact with Trivia Moments will scan dynamic QR codes present in the digital signage to test their NYC knowledge.
  • "We're honored to work alongside Barbaralee Diamonstein-Spielvogel, chair of The Historic Landmarks Preservation Center and the NYC Landmarks60 Alliance, the content partner for the Trivia Moments campaign," said Jason Kuperman, Chief Product Experience Officer, OUTFRONT.
  • Trivia Moments, created with the NYC Landmarks60 Alliance, is part of OUTFRONT's Subway@theCenter initiative, which highlights the power of the subway as a place where New Yorkers connect with each other, the city and brands.To learn more about Trivia Moments and all entry details, terms and conditions, please visit triviamoments.com .

OUTFRONT AND STREETMETRICS TEAM UP TO OFFER GROUNDBREAKING MEASUREMENT PROVING EFFECTIVENESS OF BUS ADVERTISING UP AND DOWN THE FUNNEL

Retrieved on: 
金曜日, 4月 26, 2024
ROI, MMM, The Wendy's Company, OUTFRONT, Consumer, Drive, Partnership, MTA, SVP, Outfront Media, PBA, OOH, Qualitative research, Perception, Marketing, Pedestrian, Overalls, Online shopping

NEW YORK and BIRMINGHAM, Ala., April 26, 2024 /PRNewswire/ -- OUTFRONT Media (NYSE:OUT), one of the largest out-of-home media (OOH) companies in the U.S., and StreetMetrics, a leader in Moving OOH (MOOH) measurement, have partnered to enhance dynamic measurement for bus advertising campaigns. Through this alliance, the two companies are teaming up to bring dynamic measurement and attribution to the industry.

Key Points: 
  • OUTFRONT and StreetMetrics have come together to show that bus advertising can lead to positive outcomes for brands taking advantage of it.
  • And together, OUTFRONT and StreetMetrics are taking a new step that aims to leverage dynamic data to plan, to uncover campaign insights, and provide attribution analysis for bus advertising.
  • However, through qualitative research, a transformative shift of how bus advertising is being leveraged by brands has now become apparent.
  • OUTFRONT through StreetMetrics has seen similar client success in driving website visitation and store visitation using bus advertising.

Captivate Announces Leigh Lowery as CRO, Unveils April Brand Refresh

Retrieved on: 
火曜日, 4月 9, 2024
Growth, Woman, SVP, Influence, News, Female, Human, Outfront Media, Senior, OOH, CBS

Lowery rejoins the team as a Captivate veteran and an industry vanguard, with over 25 years of experience as an executive leader.

Key Points: 
  • Lowery rejoins the team as a Captivate veteran and an industry vanguard, with over 25 years of experience as an executive leader.
  • During her first tenure with Captivate, Lowery served as SVP of National Sales, driving record-breaking sales to achieve Region of the Year for three consecutive years.
  • She now reprises her role at Captivate as CRO, heralding a new era for Captivate amid the launch of an evolved brand position.
  • "Matching the spirit of our brand refresh, we are doubling down on the things that have made Captivate successful.

OUTFRONT Media Continues to Push Digitization of OOH Forward with Significant Expansion of Programmatic Transit Advertising in NYC

Retrieved on: 
火曜日, 3月 19, 2024
Digital marketing, Ability, National Basketball Association, DSP, Face, Digital, The Trade Desk, Talon, MTA, Marketing, Outfront Media, NBA scoring leaders, OOH, OUTFRONT, DOOH, NBA, Metro-North Railroad, Tunnel

NEW YORK, March 19, 2024 /PRNewswire/ -- OUTFRONT Media (NYSE:OUT), one of the largest out of home media (OOH) companies in the U.S., continues to be at the forefront of innovation and digitization in the industry with the expansion of programmatic capabilities in transit advertising. The company is actively expanding its rollout of programmatic in New York City's MTA system, which will cover nearly all of the MTA's subway stations – with the potential to reach more than four million daily trips from New Yorkers and tourists – along with commuter rail stations in the surrounding areas.

Key Points: 
  • In 2023, OUTFRONT conducted a successful pilot launch of programmatic capabilities on over 900 Digital and Video Urban Panels (DUPs/VUPs) outside MTA subway entrances and exits.
  • With this rollout, advertisers will also be able to programmatically access thousands of Liveboards inside stations.
  • "OUTFRONT was able to make it a seamless process within our DSP and to provide clear value for our media investment."
  • To learn more about how brands can benefit from OUTFRONT's programmatic transit advertising network, watch this video .

OUTFRONT Media Celebrates Black History Month with Inspiring OOH Campaigns, Ad Age Partnership, and Community Collaborations

Retrieved on: 
月曜日, 2月 5, 2024
BART, Partnership, Essay, MIA, Black, Male, Marketing, Philadelphia Museum of Art, History, Outfront Media, Fufu, OOH, African Americans, Dream, MTA, Organization, Museum of Modern Art, Black History Month, Color of Change, Ad Age, Beauty, Moment, OUTFRONT, National Historic Landmark, Education, Student, Change, Artsy (website), Black history

NEW YORK, Feb. 5, 2024 /PRNewswire/ -- OUTFRONT Media (NYSE:OUT), one of the largest out-of-home media (OOH) companies in the U.S., is proud to announce its extensive plans for Black History Month.

Key Points: 
  • NEW YORK, Feb. 5, 2024 /PRNewswire/ -- OUTFRONT Media (NYSE:OUT), one of the largest out-of-home media (OOH) companies in the U.S., is proud to announce its extensive plans for Black History Month.
  • This year's celebration features inspiring out of home (OOH) initiatives, a renewed partnership with Ad Age for the Black Creative Excellence Campaign, and impactful collaborations with communities committed to preserving and promoting Black history.
  • For the second consecutive year, OUTFRONT is partnering with Ad Age for its annual Black History Month feature celebrating Black creative excellence, which debuted on February 1.
  • 'Moments in Culture' celebrates Black History Month with the series Visions of Black Masculinity.

OUTFRONT Media Announces Pricing of Senior Secured Notes Offering

Retrieved on: 
火曜日, 11月 7, 2023
Sale, Risk, Security (finance), Average revenue per user, NYSE, Tax, Health, Regulation, Transaction, REIT, Advertising, Senior, Outfront Media, Non-qualified stock option, Privacy, Pandemic, Annual report, Investment, Debt-to-GDP ratio, SEC Rule 144A, Failure

NEW YORK, Nov. 7, 2023 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) today announced that two of its wholly-owned subsidiaries priced a private offering of $450.0 million in aggregate principal amount of 7.375% Senior Secured Notes due 2031 (the "notes").

Key Points: 
  • NEW YORK, Nov. 7, 2023 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) today announced that two of its wholly-owned subsidiaries priced a private offering of $450.0 million in aggregate principal amount of 7.375% Senior Secured Notes due 2031 (the "notes").
  • The offering is expected to close on November 20, 2023, subject to customary closing conditions.
  • OUTFRONT Media intends to use the net proceeds from the notes offering to redeem all of its outstanding 6.250% Senior Notes due 2025 (the "2025 notes") and to pay accrued and unpaid interest on the 2025 notes, if any, to, but excluding, the redemption date, to pay fees and expenses in connection with the notes offering and the 2025 notes redemption; and for general corporate purposes, which may include the repayment, refinancing, redemption or repurchase of existing indebtedness.
  • The notes will be guaranteed on a senior secured basis by OUTFRONT Media Inc. and each of its direct and indirect subsidiaries that guarantees its senior credit facilities.

OUTFRONT Media Reports Third Quarter 2023 Results

Retrieved on: 
木曜日, 11月 2, 2023
Transit, Adjustment, Metropolitan Transportation Authority, MTA, International, Public expenditure, Corporation, FFO, Outfront Media, External commercial borrowing, Overalls, OIBDA, Administration, Letter, Music, Insurance, Cryptocurrency, Life insurance

Reported revenues of $454.8 million increased $1.1 million, or 0.2%, for the third quarter of 2023 as compared to the same prior-year period.

Key Points: 
  • Reported revenues of $454.8 million increased $1.1 million, or 0.2%, for the third quarter of 2023 as compared to the same prior-year period.
  • Net Income Attributable to OUTFRONT Media Inc.
    Net income attributable to OUTFRONT Media Inc. decreased $23.8 million, or 58.3%, in the third quarter of 2023 compared to the same prior-year period.
  • Net income attributable to OUTFRONT Media Inc. per common share for diluted earnings per weighted average share was $0.09 in the third quarter of 2023 compared to $0.23 in the same prior-year period.
  • AFFO attributable to OUTFRONT Media Inc. decreased $10.8 million, or 12.5%, in the third quarter of 2023, compared to the same prior-year period, due primarily to higher interest expense and lower Adjusted OIBDA.

OUTFRONT Media to Divest its Canadian Business to Bell Media

Retrieved on: 
月曜日, 10月 23, 2023
Astral, Male, Sport, Sale, NYSE, Outfront Media, BCE, Senior, LLP, Bell Media, Cravath, Swaine & Moore, Solomon Partners, TSX, OUTFRONT, Blake, Cassels & Graydon

NEW YORK and TORONTO, Oct. 23, 2023 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) and Bell Media announced today that they have entered into an agreement to sell the Canadian business of OUTFRONT Media to Bell Media, a wholly-owned subsidiary of BCE (TSX, NYSE: BCE).

Key Points: 
  • NEW YORK and TORONTO, Oct. 23, 2023 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) and Bell Media announced today that they have entered into an agreement to sell the Canadian business of OUTFRONT Media to Bell Media, a wholly-owned subsidiary of BCE (TSX, NYSE: BCE).
  • As of December 31, 2022, OUTFRONT Media's Canadian business operated 9,325 total displays in the country and generated revenues of U.S. $91.9 million during that year.
  • While we will miss our Canadian colleagues, we know the business we have built together will be in excellent hands with Bell Media."
  • National Bank Financial Inc. is acting as financial advisor to Bell Media and Blake, Cassels & Graydon LLP is acting as legal advisor.

Oracle Adds AI Capabilities to Oracle Analytics Cloud

Retrieved on: 
水曜日, 9月 20, 2023
Cloud, Partnership, Life, Synthetic media, Microsoft, Outfront Media, Slack, Machine learning, Oracle Cloud, AI, PDF, OCI, JPEG, News, Organization, Sales, Oracle, Synthesia

LAS VEGAS, Sept. 20, 2023 /PRNewswire/ -- Oracle CloudWorld -- Oracle today showcased new AI-powered capabilities within Oracle Analytics Cloud. Leveraging the Oracle Cloud Infrastructure (OCI) Generative AI service, the new capabilities assist analytics self-service users to more quickly and efficiently conduct sophisticated analysis and make better business decisions without having to wait for data scientists or IT teams.

Key Points: 
  • LAS VEGAS, Sept. 20, 2023 /PRNewswire/ -- Oracle CloudWorld -- Oracle today showcased new AI-powered capabilities within Oracle Analytics Cloud.
  • "We are working to solve this problem with the introduction of new AI-powered analytics and generative AI interactions in Oracle Analytics Cloud.
  • These insights help users understand the meaning of the data without additional interpretation extending the augmented analytics already offered by Oracle Analytics Cloud.
  • "The AI capabilities within Oracle Analytics Cloud help our employees and managers engage with data more naturally and get the answers they need in an efficient and timely manner," said Derek Hayden, senior vice president, Data Strategy and Analytics, OUTFRONT Media.