Companies /Real Estate

Outfront Media Inc

NYSE: OUT Reit - Specialty
$29.61
▼ $0.46 (−1.53%) today
Markets closed · 4:34pm ET

Q3 2025 Earnings

Reported Nov 6, 2025, 4:16pm ET · SEC source
$0.29
Beat +16.70%
EPS · est. $0.25
$467.5M
Beat +2.00%
Revenue · est. $458.3M
+15.0%
Beating market
OUT vs S&P since report
4 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+5%+10%Nov 6Nov 7report 4:16pm ETearnings+0.1%+13.6%
0+5%+10%Nov 6Nov 7earnings+0.1%+13.6%
OUT +13.6%S&P 500 +0.1%
0+5%+10%Nov 6Nov 7report 4:16pm ETearnings−0.2%+13.6%
0+5%+10%Nov 6Nov 7earnings−0.2%+13.6%
OUT +13.6%NASDAQ −0.2%
0+8%+16%+24%Nov 5Nov 14report 4:16pm ETearnings+0.1%+25.3%
0+8%+16%+24%Nov 5Nov 14earnings+0.1%+25.3%
OUT +25.3%S&P 500 +0.1%
0+9%+18%+27%Nov 5Nov 14report 4:16pm ETearnings−0.5%+25.3%
0+9%+18%+27%Nov 5Nov 14earnings−0.5%+25.3%
OUT +25.3%NASDAQ −0.5%
+14.42%
Day of report
+0.05%
Next session
+9.52%
One week
+17.46%
30 days

S&P 500 over the same 30 days: +2.47%.

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 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

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

Outfront Media CEO, on the earnings call

Forward Guidance & Outlook

CEO Nick Brien indicated that the strengthening of the business has persisted into the fourth quarter, and the company looks forward to closing the year with momentum.

OUT YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$200.0M$400.0M$451.9M$467.5MRevenue$71.3M$89.9MOperating Income$34.6M$51.3MNet Income
$0$200.0M$400.0MRevenueOperating IncomeNet Income

OUT Revenue by Segment

Billboard$352.8M−2.2%
Transit$112.4M+23.7%
Other

Figures from SEC filings and company reports. Not investment advice.