SignValue

Clear Channel France has been sold to Equinox Industries, and now they're looking to sell their Europe-North segment (UK and Northern Europe). They're also reviewing their Latin American businesses in Mexico, Brazil, Chile, and Peru.

Read full press release here: https://conta.cc/3QPBEJR
Read SignValue summary here: https://conta.cc/3QPBF0n

Lamar Advertising Reports Strong Third Quarter Results

Lamar Advertising Company (LAMR) today reported net revenue of $542.6 million for the third quarter of 2023, an increase of 2.9% over the same period last year. Adjusted EBITDA increased 5.8% to $265.7 million, and diluted AFFO per share increased 0.5% to $2.04.

"We demonstrated impressive operating leverage in the third quarter, increasing revenue while decreasing expenses on a year-over-year, acquisition-adjusted basis," said Lamar chief executive Sean Reilly. "The broader advertising environment remains challenging. Nevertheless, based on current bookings, we are pacing to reach or even slightly exceed the upper end of our revised guidance for full-year diluted AFFO per share."

Highlights:

Net revenue increased 2.9%
Adjusted EBITDA increased 5.8%
Diluted AFFO per share increased 0.5%
Acquisition-adjusted net revenue increased 1.6%
Acquisition-adjusted EBITDA increased 4.5%
Learn more: 🔗 https://conta.cc/46Vq9q2