Revenues

9 Months Ended

Sep. 30, 2025

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

The following table summarizes revenues by source:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)	2025		2024		2025		2024
Billboard:
Static displays	$	231.4	$	235.6	$	668.5	$	701.9
Digital displays	109.5		111.1		309.0		322.4
Other	11.9		13.9		37.3		38.5
Billboard revenues	352.8		360.6		1,014.8		1,062.8
Transit:
Static displays	46.6		44.6		127.1		135.1
Digital displays	56.0		36.6		141.5		112.4
Other	9.8		9.7		27.8		26.6
Transit revenues	112.4		90.9		296.4		274.1
Other	2.3		0.4		7.2		0.8
Total revenues	$	467.5	$	451.9	$	1,318.4	$	1,337.7

Rental income was $327.2 million in the three months ended September 30, 2025, $338.4 million in the three months ended September 30, 2024, $941.0 million in the nine months ended September 30, 2025, and $988.3 million in the nine months ended September 30, 2024, and is recorded in Revenues on the Consolidated Statement of Operations.

The following table summarizes revenues by geography:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)	2025		2024		2025		2024
United States:
Billboard	$	352.8	$	360.6	$	1,014.8	$	1,034.7
Transit	112.4		90.9		296.4		267.3
Other	2.3		0.4		7.2		0.8
Total United States revenues	467.5		451.9		1,318.4		1,302.8
Canada	—		—		—		34.9
Total revenues	$	467.5	$	451.9	$	1,318.4	$	1,337.7

We recognized substantially all of the Deferred revenues on the Consolidated Statement of Financial Position as of December 31, 2024, during the three months ended March 31, 2025.