OUTFRONT Media Inc. (NYSE: OUT) reported its fourth quarter and full-year 2024 financial results, highlighting revenue of $493.2 million for the quarter and $1.83 billion for the full year. The company posted a quarterly net income of $74.0 million, or $0.43 per diluted share, and an adjusted OIBDA of $155.2 million. AFFO for the quarter was $118.7 million.

Billboard segment revenue increased 2.0% to $374.6 million, while transit segment revenue rose 9.1% to $116.5 million. Operating income for the quarter was $111.1 million. The company declared a quarterly dividend of $0.30 per share, payable on March 31, 2025.

For the full year 2024, revenue increased slightly to $1.83 billion, with net income of $258.2 million. OUTFRONT's AFFO was $307.5 million, up from $275.8 million in 2023. Capital expenditures for 2024 were $78.1 million, a 10.0% decline from the prior year.

The company ended the year with $46.9 million in cash and $2.5 billion in total debt. Liquidity included $494.5 million in available credit and $140.0 million under its accounts receivable securitization facility. OUTFRONT will hold an earnings call on February 25, 2025.

Source: OUTFRONT Media, February 25, 2025.