Clear Channel Outdoor Holdings Inc 2026年季度报告

(Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromto Commission File Number:001-32663 CLEAR CHANNEL OUTDOOR HOLDINGS, INC.(Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registered Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☒Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Outstanding at May 1, 2026- - - - - - - - - - - - - - - - - - - - - - - - - - CLEAR CHANNEL OUTDOOR HOLDINGS, INC.TABLE OF CONTENTS PART I—FINANCIAL INFORMATION Item 1.Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PART II—OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.Exhibits Signatures PART I – FINANCIAL INFORMATION CLEAR CHANNEL OUTDOOR HOLDINGS, INC. AND SUBSIDIARIESINDEX TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Financial Statements:Consolidated Balance SheetsConsolidated Statements of Income (Loss)Consolidated Statements of Comprehensive Income (Loss)Consolidated Statements of Changes in Stockholders' DeficitConsolidated Statements of Cash FlowsCondensed Notes to Consolidated Financial Statements:Note 1. Basis of PresentationNote 2. Dispositions and Discontinued OperationsNote 3. Segment DataNote 4. RevenueNote 5. Long-Term DebtNote 6. Commitments and ContingenciesNote 7. Income TaxesNote 8. Property, Plant and EquipmentNote 9. Intangible Assets and GoodwillNote 10. Stockholders’ DeficitNote 11. Other Information CLEAR CHANNEL OUTDOOR HOLDINGS, INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS CLEAR CHANNEL OUTDOOR HOLDINGS, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF INCOME (LOSS)(UNAUDITED) Three Months EndedMarch 31, (In thousands, except per share data)20262025Revenue$373,864$334,180Operating expenses:Direct operating expenses180,102168,529Selling, general and administrative expenses66,59263,662Corporate expenses30,81819,780Depreciation and amortization41,52343,004Other operating expense (income), net15,346(5,785)Operating income39,48344,990Interest expense, net(98,498)(99,361)Other income, net741249Loss from continuing operations before income taxes(58,274)(54,122)Income tax benefit (expense) attributable to continuing operations8,827(1,180)Loss from continuing operations(49,447)(55,302)Income from discontinued operations1,453118,515Consolidated net income (loss)(47,994)63,213Less: Net income attributable to noncontrolling interests600704Net income (loss) attributable to the Company$(48,594)$62,509(1)(1)(1) CLEAR CHANNEL OUTDOOR HOLDINGS, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(UNAUDITED) Three Months Ended(In thousands)March 31,20262025Net income (loss) attributable to the Company$(48,594)$62,509Other comprehensive income (loss):Foreign currency translation adjustments(1,631)22,656Reclassification adjustment for realized net losses from cumulative translation adjustments andpension related to sold businesses—128,890Other comprehensive income (loss)(1,631)151,546Comprehensive income (loss)(50,225)214,055Less: Other comprehensive income (loss) attributable to noncontrolling interests(4)4Comprehensive income (loss) attributable to the Company$(50,221)$214,051(1) CLEAR CHANNEL OUTDOOR HOLDINGS, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT(UNAUDITED) CLEAR CHANNEL OUTDOOR HOLDINGS,