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Segment Information
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
We have identified our Chief Executive Officer as the chief operating decision maker for purposes of determining segments. We currently manage our operations through two reportable operating segments—(1) Billboard, which provides advertising space on billboard advertising structures and sites in the U.S., and (2) Transit, which provides advertising space on transit advertising displays operating under exclusive multi-year contracts with municipalities in large cities across the U.S. Prior to its sale, our Canadian operations comprised our International operating segment, which did not meet the criteria to be a reportable segment and accordingly, was included in Other. Historical operating results of our Canadian operations are included in Other through the date of sale. Also included in Other are operating results for third-party digital equipment sales.

The following tables set forth our financial performance by segment. We present Operating income (loss) before Depreciation, Amortization, Net (gain) loss on dispositions, Stock-based compensation, Restructuring charges and Impairment charges (“Adjusted OIBDA”) as the primary measure of profit and loss for our operating segments. Adjusted OIBDA margin is a secondary measure utilized to measure performance of our operating segments.

Our chief operating decision maker utilized Adjusted OIBDA and Adjusted OIBDA margin in evaluating our operating performance and planning and forecasting future periods, as each is an important indicator of our operational strength and business performance. We believe these measures highlight operational trends and provide an important perspective on operational performance across periods.
Three Months EndedNine Months Ended
September 30,September 30,
(in millions, except percentages)2025202420252024
Billboard:
Billboard revenues
$352.8 $360.6 $1,014.8 $1,034.7 
Billboard property lease(a)
(110.5)(119.3)(331.5)(352.7)
Posting, maintenance and other(a)
(39.3)(37.6)(111.7)(109.8)
Significant Billboard segment operating expenses(a)
(149.8)(156.9)(443.2)(462.5)
Significant Billboard segment selling, general and administrative(b)
(63.7)(67.3)(198.9)(202.7)
Billboard Adjusted OIBDA
$139.3 $136.4 $372.7 $369.5 
Billboard Adjusted OIBDA margin
39.5 %37.8 %36.7 %35.7 %
Transit:
Transit revenues
$112.4 $90.9 $296.4 $267.3 
Transit franchise(a)
(60.1)(59.1)(180.9)(176.8)
Posting, maintenance and other(a)
(18.9)(16.7)(53.7)(50.2)
Significant Transit segment operating expenses(a)
(79.0)(75.8)(234.6)(227.0)
Significant Transit segment selling, general and administrative(b)
(17.7)(18.0)(53.1)(54.0)
Transit Adjusted OIBDA
$15.7 $(2.9)$8.7 $(13.7)
Transit Adjusted OIBDA margin
14.0 %(3.2)%2.9 %(5.1)%
Total segments:
Segment revenues$465.2 $451.5 $1,311.2 $1,302.0 
Billboard property lease(a)
(110.5)(119.3)(331.5)(352.7)
Transit franchise(a)
(60.1)(59.1)(180.9)(176.8)
Posting, maintenance and other(a)
(58.2)(54.3)(165.4)(160.0)
Significant segment operating expenses(a)
(228.8)(232.7)(677.8)(689.5)
Significant segment selling, general and administrative(b)
(81.4)(85.3)(252.0)(256.7)
Segment Adjusted OIBDA
$155.0 $133.5 $381.4 $355.8 
Three Months EndedNine Months Ended
September 30,September 30,
(in millions)2025202420252024
Reconciliation to net income:
Segment Adjusted OIBDA$155.0 $133.5 $381.4 $355.8 
Non-segment Adjusted OIBDA(17.8)(16.4)(55.9)(46.2)
Total Adjusted OIBDA137.2 117.1 325.5 309.6 
Restructuring charges(c)
(0.3)— (20.1)— 
Net gain (loss) on dispositions(1.4)(1.5)(2.6)153.6 
Impairment charges— — — (17.9)
Depreciation(22.4)(18.6)(69.6)(55.5)
Amortization(17.6)(18.7)(52.1)(53.6)
Stock-based compensation(5.6)(7.0)(21.1)(21.8)
Total operating income89.9 71.3 160.0 314.4 
Interest expense, net(37.0)(37.1)(109.5)(119.6)
Loss on extinguishment of debt(0.6)— (0.6)(1.2)
Other income (expense), net— (0.1)— 1.0 
Income before benefit (provision) for income taxes and equity in earnings of investee companies52.3 34.1 49.9 194.6 
Benefit (provision) for income taxes(1.2)0.2 (1.9)(10.4)
Equity in earnings of investee companies, net of tax0.3 0.5 2.2 0.5 
Net income before allocation to redeemable and non-redeemable noncontrolling interests51.4 34.8 50.2 184.7 
Net income attributable to redeemable and non-redeemable noncontrolling interests0.1 0.2 — 0.5 
Net income attributable to OUTFRONT Media Inc.$51.3 $34.6 $50.2 $184.2 
Revenues$467.5 $451.9 $1,318.4 $1,337.7 
Billboard property lease(a)
$(110.5)$(119.3)$(331.5)$(363.2)
Transit franchise(a)
(60.1)(59.1)(180.9)(178.6)
Posting, maintenance and other(a)
(60.1)(54.7)(171.1)(169.8)
Operating expenses(230.7)(233.1)(683.5)(711.6)
Selling, general and administrative(b)
(105.2)(108.7)(330.5)(338.3)
Stock-based compensation5.6 7.0 21.1 21.8 
Adjusted OIBDA$137.2 $117.1 $325.5 $309.6 
(a)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.
(b)Selling, general and administrative expenses includes, but is not limited to, compensation and benefits, including commissions, professional fees, office rent and travel and entertainment.
(c)In the three and nine months ended September 30, 2025, Restructuring charges associated with the Plan, consists of severance payments, employee benefits and related costs, and professional fees, and includes approximately $2.2 million in non-cash charges for stock-based compensation.
Other disclosures(a):
Three Months EndedNine Months Ended
September 30,September 30,
(in millions)2025202420252024
Revenues(b):
United States$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 
As of
September 30, 2025December 31, 2024
Long-lived Assets(c):
United States$4,796.5 $4,820.7 
(a)Total assets and capital expenditures by segment are not regularly provided or reviewed by the chief operating decision maker. These metrics are reviewed and managed on a consolidated basis.
(b)Revenues classifications are based on the geography of the advertising.
(c)Reflects total assets less current assets, investments and non-current deferred tax assets.