XML 55 R40.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Information (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Reconciliation of Revenue and Operating Measures from Segments to Consolidated
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.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
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.