Outfront Media

OUT Q2 2025 Earnings

Reported Aug 5, 2025 at 4:18 PM ET · SEC Source

Q2 25 EPS

$0.10

MISS 58.68%

Est. $0.24

Q2 25 Revenue

$460.2M

MISS 0.17%

Est. $461.0M

vs S&P Since Q2 25

+71.7%

BEATING MARKET

OUT +86.9% vs S&P +15.2%

Market Reaction

Did OUT Beat Earnings? Q2 2025 Results

Outfront Media delivered a disappointing second quarter, missing on both the top and bottom lines as a $19.80 million restructuring charge weighed heavily on results. The outdoor advertising company posted earnings of $0.10 per diluted share, falling… Read more Outfront Media delivered a disappointing second quarter, missing on both the top and bottom lines as a $19.80 million restructuring charge weighed heavily on results. The outdoor advertising company posted earnings of $0.10 per diluted share, falling 58.68% short of the $0.24 consensus estimate, while revenue of $460.20 million came in just below the $461.00 million analysts had expected, declining 3.6% year-over-year. The earnings shortfall was driven largely by costs tied to a broad sales organization overhaul that interim CEO Nick Brien framed as necessary to better compete for out-of-home advertising budgets. Stripping out the June 2024 sale of its Canadian business, organic revenue slipped only 0.2%, and the Transit segment offered a bright spot, growing 5.6% to $106.30 million with Adjusted OIBDA surging 60% to $7.20 million. Management signaled that the restructuring pain should ease ahead, projecting SG&A expenses to decline for the remainder of 2025 and into the first half of 2026 compared to prior-year periods.

Key Takeaways

  • Higher average revenue per display (yield) in both Billboard and Transit segments
  • Programmatic platform growth driving digital billboard revenues
  • Lower interest expense from reduced debt balance and lower interest rates
  • SG&A reduction of 7.1% driven by Canadian divestiture and lower compensation costs
  • Transit segment Adjusted OIBDA grew 60% year-over-year
  • Lost billboards negatively impacted Billboard segment revenue
  • Canadian business divestiture reduced reported revenues by $16.3 million year-over-year
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OUT YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

OUT Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“We undertook a number of internal actions during the second quarter, restructuring our sales function and placing key leaders in positions to accelerate and drive future growth.”

— Nick Brien, Q2 2025 Earnings Press Release