The fundamental operating performance is strong, but the stock's future is entirely tied to the completion of the $2.43 take-private deal. Traders should focus on merger approval risks and timelines rather than the underlying financial results, as the stock will likely trade at a discount to the offer price until the deal closes.
Price Chart
Executive Summary
Clear Channel Outdoor Holdings (CCO) reported solid 2025 financial results with revenue up 6.6% and Adjusted EBITDA up 6.1% year-over-year, driven by strong growth in both its America and Airports segments. However, the company simultaneously announced a pending take-private merger with Mubadala Capital and TWG Global at $2.43 per share in cash, which is the dominant market-moving event. As a result, the company will not provide future guidance and its stock will be delisted upon closing.
Key Financial Metrics
Key Facts
- Pending take-private merger announced with Mubadala Capital and TWG Global at $2.43 per share in cash.
- Transaction expected to close by end of Q3 2026, subject to regulatory and shareholder approval.
- Company will not host an earnings call or provide future financial guidance due to the pending merger.
- 2025 full-year revenue was $1.604 billion, up 6.6% YoY.
- 2025 full-year Adjusted EBITDA was $504.8 million, up 6.1% YoY.
- AFFO (Adjusted Funds From Operations) grew 62.6% to $95.3 million in 2025.
Financial Impact
Revenue increased by $98.9 million and Adjusted EBITDA by $29.0 million in 2025 compared to 2024.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| America | $1.2B | +4.7% |
| Airports | $407.1M | +12.6% |
Risk Factors
- The merger is subject to customary closing conditions, including regulatory approvals and shareholder approval, which are not guaranteed.
- The company will not provide future guidance, creating uncertainty about its standalone performance.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001334978-26-000006 |
| Document: cco-20260226.htm | 0001334978-26-000006 |
| Document: 0001334978-26-000006-index-headers.html | 0001334978-26-000006 |
| Document: 0001334978-26-000006-index.html | 0001334978-26-000006 |
| Document: 0001334978-26-000006.txt | 0001334978-26-000006 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 15-12G | — | awaiting T+60 | — | — |
Oct 16, 2026 10d ago | SC 13D/A | $2.43 | awaiting T+60 | — | — |
Oct 16, 2026 10d ago | SC 13D/A | $2.43 | awaiting T+60 | — | — |
Oct 16, 2026 11d ago | 8-K/A | $2.43 | awaiting T+60 | — | — |
Oct 15, 2026 12d ago | 25-NSE | $2.43 | awaiting T+60 | — | — |
Oct 14, 2026 12d ago | 8-K | $2.43 | awaiting T+60 | — | — |
Aug 9, 2026 11w ago | Institutional Cluster | $2.41 | awaiting T+60 | — | — |
Aug 5, 2026 11w ago | Press Release | $2.42 | awaiting T+60 | — | — |
May 18, 2026 23w ago | 8-K | $2.39 $2.32 | ▼ −2.93% | ▼ −9.22% | — |
Apr 13, 2026 28w ago | DEFA14A | $2.38 $2.41 | ▲ +1.26% | ▼ −7.66% | — |
US Market Status
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