First Quarter Revenue Climbs 10% to $429.6M, Adjusted OIBDA Up 56%
OUTFRONT Media reported first quarter revenues of $429.6M, a 10.0% increase year-over-year, with adjusted OIBDA surging 56.4% to $100.4M and net income of $19.1M turning positive from a $20.6M loss last year. The board declared a $0.30 per share quarterly dividend payable June 30.
1. Q1 2026 Financial Highlights
OUTFRONT Media posted revenues of $429.6 million, up 10.0% from Q1 2025, with operating income rising to $55.9 million from $13.9 million. Adjusted OIBDA jumped 56.4% to $100.4 million, AFFO reached $61.0 million and net income attributable to the company was $19.1 million versus a $20.6 million loss last year.
2. Segment Performance
Billboard segment revenues reached $332.9 million, a 7.1% increase driven by higher condemnation proceeds and digital billboard yields. Transit revenues climbed 22.3% to $95.0 million on improved average revenue per display, narrowing the adjusted OIBDA loss by 90.1%.
3. Quarterly Dividend
The board declared a quarterly cash dividend of $0.30 per share, payable June 30, 2026, to shareholders of record as of June 5, 2026.