PR Newswire·May 7, 2026, 4:07 PM ET

OUTFRONT Media Reports First Quarter 2026 Results

OUTFRONT Media Inc. reported first-quarter 2026 revenues of $429.6 million, a 10.0% increase from the prior-year period.
Operating income rose to $55.9 million, compared to $13.9 million in the same period of 2025.
Net income attributable to OUTFRONT Media Inc. was $19.1 million, marking a turnaround from a net loss of $20.6 million in 2025.
Adjusted OIBDA increased 56.4% to $100.4 million, driven by strong performance across billboard & transit segments.
Funds From Operations (FFO) attributable to the company reached $63.5 million, an increase of 139.6% year-over-year.
Adjusted Funds From Operations (AFFO) attributable to the company was $61.0 million, up 125.1% from the prior-year period.
Billboard segment revenues grew 7.1% to $332.9 million, while transit segment revenues surged 22.3% to $95.0 million.
The company announced a quarterly cash dividend of $0.30 per share, payable on June 30, 2026, to shareholders of record on June 5, 2026.
Net cash provided by operating activities was $75.3 million, a significant increase from $33.6 million in the prior-year quarter.
Total capital expenditures increased 40.1% to $24.1 million, driven by digital display growth, maintenance upgrades, & safety projects.
As of March 31, 2026, the company held $67.2 million in unrestricted cash with additional liquidity available under credit facilities.
Total indebtedness stood at $2.6 billion, excluding deferred financing costs, with a weighted average cost of debt of 5.3%.