Outfront Media

OUT Q3 2025 Earnings

Reported Nov 6, 2025 at 4:16 PM ET · SEC Source

Q3 25 EPS

$0.29

BEAT +16.70%

Est. $0.25

Q3 25 Revenue

$467.5M

BEAT +2.00%

Est. $458.3M

vs S&P Since Q3 25

+97.5%

BEATING MARKET

OUT +106.2% vs S&P +8.6%

Market Reaction

Did OUT Beat Earnings? Q3 2025 Results

Outfront Media delivered a strong third quarter, posting earnings of $0.29 per diluted share to beat the $0.25 consensus estimate by 16.70%, while revenue climbed 3.5% year over year to $467.50 million, edging past the $458.32 million Wall Street exp… Read more Outfront Media delivered a strong third quarter, posting earnings of $0.29 per diluted share to beat the $0.25 consensus estimate by 16.70%, while revenue climbed 3.5% year over year to $467.50 million, edging past the $458.32 million Wall Street expected. The standout driver was a dramatic turnaround in the company's Transit segment, where revenue jumped 23.7% to $112.40 million on higher yields in New York City, pushing Transit Adjusted OIBDA to a $15.70 million gain from a $2.90 million loss in the year-ago quarter. That momentum rippled through the broader business, with consolidated Adjusted OIBDA rising 17.2% to $137.20 million and net income attributable to the company climbing 48.3% to $51.30 million. Cost discipline added further lift, as total operating expenses fell 1.0% and SG&A dropped 3.2%. The board declared a $0.30 quarterly dividend, and CEO Nick Brien signaled that the business strength has carried into the fourth quarter, with the company aiming to close the year on a positive note.

Key Takeaways

  • Exceptional transit revenue performance driven by NYC market
  • Higher average revenue per display (yield) across both Billboard and Transit segments
  • Impact of programmatic platforms on digital billboard revenues
  • Lower operating expenses from lost billboards and reduced variable property lease costs
  • Lower SG&A expenses from reduced compensation, credit card usage, and provision for doubtful accounts
24/7 Wall St

OUT YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

24/7 Wall St

OUT Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“Our third quarter results exceeded our expectations across the board, particularly our transit revenues, which were driven by an exceptional performance in NYC.”

— Nick Brien, Q3 2025 Earnings Press Release