Clear Channel Outdoor (CCO) 10-Q 30 Oct 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Oct. 28, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-32663
Entity Registrant Name	CLEAR CHANNEL OUTDOOR HOLDINGS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	88-0318078
Entity Address, Address Line One	4830 North Loop 1604 West,
Entity Address, Address Line Two	Suite 111
Entity Address, City or Town	San Antonio,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78249
City Area Code	(210)
Local Phone Number	547-8800
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	CCO
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Bankruptcy Proceedings, Reporting Current	true
Entity Common Stock, Shares Outstanding		489,078,425
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001334978
Current Fiscal Year End Date	--12-31

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 201,111	$ 251,652
Accounts receivable, net	495,807	499,811
Prepaid expenses	54,590	49,398
Other current assets	19,888	25,227
Current assets of discontinued operations	134,768	131,313
Total Current Assets	906,164	957,401
PROPERTY, PLANT AND EQUIPMENT
Structures, net	463,238	467,261
Other property, plant and equipment, net	175,442	199,083
INTANGIBLE ASSETS AND GOODWILL
Goodwill	662,415	656,563
OTHER ASSETS
Operating lease right-of-use assets	1,538,452	1,491,302
Other assets	45,530	45,991
Total Assets	4,644,526	4,722,475
CURRENT LIABILITIES
Accounts payable	57,080	63,587
Accrued expenses	322,589	385,620
Current operating lease liabilities	225,561	216,578
Accrued interest	121,757	97,671
Deferred revenue	102,799	50,882
Current portion of long-term debt	570	612
Current liabilities of discontinued operations	74,006	68,778
Total Current Liabilities	904,362	883,728
NON-CURRENT LIABILITIES
Long-term debt	5,656,821	5,631,291
Non-current operating lease liabilities	1,363,170	1,326,143
Deferred tax liabilities, net	219,610	231,481
Other liabilities	98,805	100,575
Total Liabilities	8,242,768	8,173,218
Commitments and Contingencies (Note $6)
STOCKHOLDERS’ DEFICIT
Noncontrolling interests	10,487	12,298
Common stock, par value $0.01 per share: 2,350,000,000 shares authorized (502,934,711 shares issued as of September 30, 2024; 494,061,048 shares issued as of December 31, 2023)	5,029	4,941
Additional paid-in capital	3,583,401	3,563,807
Accumulated deficit	(6,942,252)	(6,780,875)
Accumulated other comprehensive loss	(226,537)	(227,344)
Treasury stock (13,987,744 shares held as of September 30, 2024; 11,003,897 shares held as of December 31, 2023)	(28,370)	(23,570)
Total Stockholders' Deficit	(3,598,242)	(3,450,743)
Total Liabilities and Stockholders' Deficit	4,644,526	4,722,475
Permits, net
INTANGIBLE ASSETS AND GOODWILL
Permits and other intangible assets, net	624,723	665,687
Other intangible assets, net
INTANGIBLE ASSETS AND GOODWILL
Permits and other intangible assets, net	$ 228,562	$ 239,187

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	2,350,000,000	2,350,000,000
Common stock issued (in shares)	502,934,711	494,061,048
Treasury stock (in shares)	13,987,744	11,003,897

CONSOLIDATED STATEMENTS OF LOSS

CONSOLIDATED STATEMENTS OF LOSS (UNAUDITED) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenue		$ 558,988	$ 526,786	$ 1,599,281	$ 1,495,026
Operating expenses:
Direct operating expenses	[1]	284,601	271,377	827,063	790,206
Selling, general and administrative expenses	[1]	99,845	87,083	291,410	266,292
Corporate expenses	[1]	40,948	34,931	125,778	129,427
Depreciation and amortization		57,582	57,699	165,755	186,409
Impairment charges		0	0	18,073	0
Other operating expense, net		3,684	6,179	9,745	10,122
Operating income		72,328	69,517	161,457	112,570
Interest expense, net		(106,995)	(107,391)	(322,060)	(314,624)
Gain (loss) on extinguishment of debt		0	3,817	(4,787)	3,817
Other income (expense), net		(676)	(17,269)	(9,120)	3,722
Loss from continuing operations before income taxes		(35,343)	(51,326)	(174,510)	(194,515)
Income tax benefit attributable to continuing operations		3,800	244	5,991	12,022
Loss from continuing operations		(31,543)	(51,082)	(168,519)	(182,493)
Income (loss) from discontinued operations		(13)	(211,736)	9,246	(152,326)
Consolidated net loss		(31,556)	(262,818)	(159,273)	(334,819)
Less: Net income attributable to noncontrolling interests		984	672	2,104	880
Net loss attributable to the Company		$ (32,540)	$ (263,490)	$ (161,377)	$ (335,699)
Net income (loss) attributable to the Company per share of common stock — Basic and Diluted:
Net loss from continuing operations attributable to the Company per share of common stock - Basic (in dollars per share)		$ (0.07)	$ (0.11)	$ (0.35)	$ (0.38)
Net loss from continuing operations attributable to the Company per share of common stock - Diluted (in dollars per share)		(0.07)	(0.11)	(0.35)	(0.38)
Net income (loss) from discontinued operations attributable to the Company per share of common stock - Basic (in dollars per share)		0	(0.44)	0.02	(0.32)
Net income (loss) from discontinued operations attributable to the Company per share of common stock - Diluted (in dollars per share)		0	(0.44)	0.02	(0.32)
Net loss attributable to the Company per share of common stock — basic (in dollars per share)	[2]	(0.07)	(0.55)	(0.33)	(0.70)
Net loss attributable to the Company per share of common stock — diluted (in dollars per share)	[2]	$ (0.07)	$ (0.55)	$ (0.33)	$ (0.70)
Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]		Income (loss) from discontinued operations	Income (loss) from discontinued operations	Income (loss) from discontinued operations	Income (loss) from discontinued operations
[1] Excludes depreciation and amortization Due to rounding, the total may not equal the sum of the line items in the table above.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net loss attributable to the Company		$ (32,540)	$ (263,490)	$ (161,377)	$ (335,699)
Other comprehensive income (loss):
Foreign currency translation adjustments		17,219	732	808	(5,345)
Reclassification adjustment for realized gains from cumulative translation adjustments and pension related to sold businesses	[1]	0	0	0	(67,648)
Other comprehensive income (loss)		17,219	732	808	(72,993)
Comprehensive loss		(15,321)	(262,758)	(160,569)	(408,692)
Less: Comprehensive income (loss) attributable to noncontrolling interests		6	(5)	1	(3)
Comprehensive loss attributable to the Company		$ (15,327)	$ (262,753)	$ (160,570)	$ (408,689)
[1] Included in “ Income (loss) from discontinued operations

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (UNAUDITED) - USD ($) $ in Thousands		Total		Common Stock	Non-controlling Interests	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Treasury Stock
Beginning balance (in shares) at Dec. 31, 2022				483,639,206
Beginning balance at Dec. 31, 2022		$ (3,262,806)		$ 4,836	$ 12,864	$ 3,543,424	$ (6,469,953)	$ (335,189)	$ (18,788)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(334,819)			880		(335,699)
Release of stock-based awards and exercise of stock options (in shares)				10,370,645
Release of stock-based awards and exercise of stock options		(4,778)		$ 104		(104)			(4,778)
Share-based compensation		15,363				15,363
Payments to noncontrolling interests, net		(2,494)			(2,494)
Foreign currency translation adjustments		(5,345)			(3)			(5,342)
Disposition of businesses		(67,648)	[1]					(67,648)
Ending balance (in shares) at Sep. 30, 2023				494,009,851
Ending balance at Sep. 30, 2023		(3,662,527)		$ 4,940	11,247	3,558,683	(6,805,652)	(408,179)	(23,566)
Beginning balance (in shares) at Jun. 30, 2023				493,857,081
Beginning balance at Jun. 30, 2023		(3,405,361)		$ 4,939	10,643	3,553,624	(6,542,162)	(408,916)	(23,489)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(262,818)			672		(263,490)
Release of stock-based awards and exercise of stock options (in shares)				152,770
Release of stock-based awards and exercise of stock options		(77)		$ 1		(1)			(77)
Share-based compensation		5,060				5,060
Payments to noncontrolling interests, net		(63)			(63)
Foreign currency translation adjustments		732			(5)			737
Disposition of businesses	[1]	0
Ending balance (in shares) at Sep. 30, 2023				494,009,851
Ending balance at Sep. 30, 2023		$ (3,662,527)		$ 4,940	11,247	3,558,683	(6,805,652)	(408,179)	(23,566)
Beginning balance (in shares) at Dec. 31, 2023		494,061,048		494,061,048
Beginning balance at Dec. 31, 2023		$ (3,450,743)		$ 4,941	12,298	3,563,807	(6,780,875)	(227,344)	(23,570)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(159,273)			2,104		(161,377)
Release of stock-based awards and exercise of stock options (in shares)				8,873,663
Release of stock-based awards and exercise of stock options		(4,800)		$ 88		(88)			(4,800)
Share-based compensation		19,682				19,682
Payments to noncontrolling interests, net		(3,916)			(3,916)
Foreign currency translation adjustments		808			1			807
Disposition of businesses	[1]	$ 0
Ending balance (in shares) at Sep. 30, 2024		502,934,711		502,934,711
Ending balance at Sep. 30, 2024		$ (3,598,242)		$ 5,029	10,487	3,583,401	(6,942,252)	(226,537)	(28,370)
Beginning balance (in shares) at Jun. 30, 2024				502,696,833
Beginning balance at Jun. 30, 2024		(3,590,577)		$ 5,027	9,559	3,576,566	(6,909,712)	(243,750)	(28,267)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(31,556)			984		(32,540)
Release of stock-based awards and exercise of stock options (in shares)				237,878
Release of stock-based awards and exercise of stock options		(103)		$ 2		(2)			(103)
Share-based compensation		6,837				6,837
Payments to noncontrolling interests, net		(62)			(62)
Foreign currency translation adjustments		17,219			6			17,213
Disposition of businesses	[1]	$ 0
Ending balance (in shares) at Sep. 30, 2024		502,934,711		502,934,711
Ending balance at Sep. 30, 2024		$ (3,598,242)		$ 5,029	$ 10,487	$ 3,583,401	$ (6,942,252)	$ (226,537)	$ (28,370)
[1] Included in “ Income (loss) from discontinued operations

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Consolidated net loss	$ (159,273)	$ (334,819)
Reconciling items:
Non-cash operating lease expense	200,288	231,102
Depreciation, amortization and impairment charges	183,828	202,148
(Gain) loss on classification as held for sale and disposition of businesses and/or operating assets, net	(6,580)	91,866
Share-based compensation	19,682	15,363
Amortization of deferred financing charges and note discounts	8,715	8,788
Foreign exchange transaction gain	(4,256)	(7,935)
Credit loss expense	1,107	1,964
Deferred taxes	(12,102)	(1,706)
Loss or gain on extinguishment of debt and debt modification expense, net	16,785	551
Other reconciling items, net	(83)	(107)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:
Decrease in accounts receivable	46,325	46,697
Decrease (increase) in prepaid expenses and other operating assets	1,575	(48,384)
Decrease in accounts payable and accrued expenses	(74,082)	(18,353)
Decrease in operating lease liabilities	(211,742)	(245,808)
Increase in accrued interest	24,086	30,030
Increase in deferred revenue	19,897	20,773
(Decrease) increase in other operating liabilities	(3,690)	6,308
Net cash provided by (used for) operating activities	50,480	(1,522)
Cash flows from investing activities:
Capital expenditures	(85,300)	(112,565)
Payments for acquisition of businesses and/or assets, net of cash acquired	(18,067)	(12,140)
Net proceeds from disposition of businesses and/or assets	12,240	103,118
Other investing activities, net	(1,103)	(962)
Net cash used for investing activities	(92,230)	(22,549)
Cash flows from financing activities:
Proceeds from long-term debt	1,657,000	750,000
Payments on long-term debt	(1,635,364)	(683,277)
Debt issuance and modification costs	(20,462)	(12,457)
Taxes paid related to net share settlement of equity awards	(4,800)	(4,778)
Payments to noncontrolling interests, net	(3,916)	(2,494)
Net cash (used for) provided by financing activities	(7,542)	46,994
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(750)	3,045
Net (decrease) increase in cash, cash equivalents and restricted cash	(50,042)	25,968
Cash, cash equivalents and restricted cash at beginning of period	260,541	298,682
Cash, cash equivalents and restricted cash at end of period	210,499	324,650
Supplemental disclosures:
Cash paid for interest	297,118	283,746
Cash paid for income taxes, net of refunds	$ 11,349	$ 8,711

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Principles of Consolidation These consolidated financial statements include the accounts of Clear Channel Outdoor Holdings, Inc. (“CCOH”) and its subsidiaries, as well as entities in which the Company has a controlling financial interest or for which the Company is the primary beneficiary. Intercompany transactions have been eliminated in consolidation. All references in this Quarterly Report on Form 10-Q to the “Company,” “we,” “us” and “our” refer to Clear Channel Outdoor Holdings, Inc. and its consolidated subsidiaries. Preparation of Interim Financial Statements The accompanying consolidated financial statements were prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial statements, and, in the opinion of management, include all normal and recurring adjustments necessary to present fairly the results of the interim periods shown. Due to seasonality and other factors, the results for the interim periods may not be indicative of results for the full year. Pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”), certain information and footnote disclosures required by GAAP for annual financial statements have been condensed or omitted from these interim financial statements. Accordingly, the financial statements contained herein should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s 2023 Annual Report on Form 10-K, filed with the SEC on February 26, 2024. Use of Estimates The Company’s consolidated financial statements presented herein reflect estimates and assumptions made by management that affect the amounts reported in the consolidated financial statements and accompanying notes. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from those estimates. Presentation Changes Certain prior period amounts within the “Cash flows from operating activities” section of the Consolidated Statements of Cash Flows have been reclassified to conform to the current period presentation. Discontinued Operations As described in the Company’s 2023 Annual Report on Form 10-K, during the third quarter of 2023, the Company’s plan to sell the businesses comprising its Europe-South segment met the criteria to be reported as discontinued operations. In accordance with GAAP, assets and liabilities of discontinued operations are presented separately in the Consolidated Balance Sheets, and results of discontinued operations are reported as a separate component of “Consolidated net loss” in the Consolidated Statements of Loss, for all periods presented. Cash flows from discontinued operations are not reported separately in the Consolidated Statements of Cash Flows. Refer to Note 2 for additional discussion of discontinued operations. All other notes to these consolidated financial statements present the results of continuing operations and exclude amounts related to discontinued operations for all periods presented.

DISPOSITIONS AND DISCONTINUED O

DISPOSITIONS AND DISCONTINUED OPERATIONS	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
DISPOSITIONS AND DISCONTINUED OPERATIONS	DISPOSITIONS AND DISCONTINUED OPERATIONS In 2023, the Company sold, or entered into an agreement to sell, its businesses in Switzerland, Italy, Spain and France, which comprised the Company’s entire Europe-South segment, as follows: • On March 31, 2023, the Company sold its business in Switzerland for cash proceeds of $84.9 million (net of direct costs to transact the sale and cash sold) and recognized a gain on sale of $96.4 million. • On May 31, 2023, the Company sold its business in Italy for cash proceeds of $4.3 million (net of direct costs to transact the sale and cash sold) and recognized a gain on sale of $11.2 million. • In May 2023, the Company entered into an agreement to sell its business in Spain to a subsidiary of JCDecaux SE. Since that time and as of September 30, 2024, the transaction was expected to close in 2024. However, on October 28, 2024, the subsidiary of JCDecaux SE terminated the agreement after deciding to withdraw its regulatory filing with the Spanish National Markets and Competition Commission (the “CNMC”) in light of the commitments required by the CNMC. • In July 2023, the Company entered into exclusive discussions to sell its business in France, and, in connection with the anticipated sale, recognized a loss of $200.6 million during the third quarter of 2023. The sale was completed in October 2023. Gains and losses related to these sales are included within “ Income (loss) from discontinued operations The Company concluded that, in aggregate, the sales of these businesses met the criteria for discontinued operations presentation in the third quarter of 2023. As a result, each of these businesses has been reclassified to discontinued operations in these financial statements for all periods presented. Assets and Liabilities of Discontinued Operations As previously described, assets and liabilities of discontinued operations are presented separately in the Consolidated Balance Sheets for all periods presented. At September 30, 2024 and December 31, 2023, these balances consisted of assets and liabilities of the Company’s business in Spain, which were all classified as current as the sale of this business was expected to close in 2024. However, on October 28, 2024, the agreement was terminated, as previously described. The following table presents a reconciliation of the carrying amounts of the major classes of these assets and liabilities to the current assets and liabilities of discontinued operations as presented on the Company’s Consolidated Balance Sheets: (In thousands) September 30, December 31, Assets of discontinued operations: Cash and cash equivalents $ 909 $ 651 Accounts receivable, net 30,038 39,920 Prepaid expenses and other current assets 13,089 12,668 Property, plant and equipment, net 45,440 37,492 Operating lease right-of-use assets 40,668 35,609 Other assets 4,624 4,973 Current assets of discontinued operations $ 134,768 $ 131,313 Liabilities of discontinued operations: Accounts payable and accrued expenses $ 29,470 $ 29,046 Operating lease liabilities 41,800 37,117 Deferred revenue 1,190 1,074 Other liabilities 1,546 1,541 Current liabilities of discontinued operations $ 74,006 $ 68,778 Letters of Credit, Surety Bonds and Guarantees A portion of the Company’s letters of credit and guarantees outstanding at September 30, 2024 related to discontinued operations, as follows: • Related to the former business in France, the Company has a $20.2 million letter of credit. In connection with the sale of this business, and pursuant to the related share purchase agreement, the Company’s former French business and/or the buyer will either replace, or procure a counter-guarantee of, the Company’s payment obligation under the letter of credit. Additionally, the Company retains an indemnity of $15.7 million related to a surety bond held by the former business in France. The Company has been indemnified by the former French business for this amount and will be released from any remaining obligation by March 2025. • Related to the business in Spain, the Company had a $6.6 million letter of credit and $8.8 million of bank guarantees outstanding at September 30, 2024, a portion of which was supported by $0.7 million of cash collateral. On October 28, 2024, the agreement to sell the Company’s business in Spain was terminated, as previously described. The letter of credit and bank guarantees remain obligations of the Company. Income (Loss) from Discontinued Operations Discontinued operations for the three and nine months ended September 30, 2024 consists of results from the Company’s business in Spain, whereas discontinued operations for the three and nine months ended September 30, 2023 consists of results from the Company’s business in Spain and former businesses in Switzerland (through March 31, 2023), Italy (through May 31, 2023) and France. The following table provides details about the major classes of line items constituting “ Income (loss) from discontinued operations Three Months Ended Nine Months Ended (In thousands) September 30, September 30, 2024 2023 2024 2023 Revenue $ 22,368 $ 85,680 $ 76,824 $ 300,114 Expenses: Direct operating expenses (1) 18,752 74,796 57,626 247,377 Selling, general and administrative expenses (1) 2,756 19,389 9,103 68,685 Depreciation and amortization — 348 — 15,739 Other expense, net 873 2,882 849 10,288 Income (loss) from discontinued operations before net loss on disposal and/or classification as held for sale and income taxes (13) (11,735) 9,246 (41,975) Loss on disposal and/or classification as held for sale, net — (200,636) — (93,132) Income tax benefit (expense) attributable to discontinued operations (2) — 635 — (17,219) Income (loss) from discontinued operations, net of income taxes $ (13) $ (211,736) $ 9,246 $ (152,326) (1) Excludes depreciation and amortization. (2) Income tax expense attributable to discontinued operations for the nine months ended September 30, 2023 was primarily driven by the sale of the Company’s former business in Switzerland. Capital Expenditures of Discontinued Operations The following table presents the capital expenditures for discontinued operations for the three and nine months ended September 30, 2024 and 2023: Three Months Ended Nine Months Ended (In thousands) September 30, September 30, 2024 2023 2024 2023 Capital expenditures (1) $ 2,947 $ 4,764 $ 7,906 $ 16,129 (1) In addition to payments that occurred during the period for capital expenditures, the Company had $1.3 million and $3.5 million of accrued capital expenditures related to discontinued operations that remained unpaid as of September 30, 2024 and 2023, respectively.

SEGMENT DATA

SEGMENT DATA	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
SEGMENT DATA	SEGMENT DATA The Company has four reportable segments, which it believes best reflect how the Company is currently managed: America, Airports, Europe-North and Europe-South. The Company's remaining operations in Latin America and Singapore are disclosed as “Other.” As described in Note 2, the Company’s Europe-South segment met the criteria to be reported as discontinued operations during the third quarter of 2023. As such, results of this segment are excluded from the table below, which only reflects continuing operations, for all periods presented. Segment Adjusted EBITDA is the profitability metric reported to the Company’s chief operating decision maker (“CODM”) for purposes of making decisions about allocation of resources to, and assessing performance of, each reportable segment. Segment Adjusted EBITDA is calculated as revenue less direct operating expenses and selling, general and administrative expenses, excluding restructuring and other costs, which are defined as costs associated with cost-saving initiatives such as severance, consulting and termination costs and other special costs. Segment information for total assets is not presented as this information is not used by the Company’s CODM in measuring segment performance or allocating resources between segments. The following table presents the Company’s reportable segment results for continuing operations for the three and nine months ended September 30, 2024 and 2023: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenue America $ 292,821 $ 278,760 $ 832,805 $ 802,326 Airports 82,331 75,558 245,476 200,392 Europe-North 166,361 149,366 470,489 427,778 Other 17,475 23,102 50,511 64,530 Total $ 558,988 $ 526,786 $ 1,599,281 $ 1,495,026 Capital Expenditures (1) America $ 13,406 $ 16,148 $ 35,679 $ 51,844 Airports 3,188 3,072 6,634 10,382 Europe-North 9,707 7,851 23,835 18,998 Other 1,123 1,577 3,217 4,534 Corporate 3,101 4,022 8,029 10,678 Total $ 30,525 $ 32,670 $ 77,394 $ 96,436 Segment Adjusted EBITDA America $ 128,372 $ 121,335 $ 350,816 $ 332,213 Airports 16,925 15,522 55,089 38,120 Europe-North 28,314 28,444 75,288 61,850 Other 1,950 3,290 2,156 7,170 Total $ 175,561 $ 168,591 $ 483,349 $ 439,353 (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Reconciliation of Segment Adjusted EBITDA to Loss From Continuing Operations Before Income Taxes Segment Adjusted EBITDA $ 175,561 $ 168,591 $ 483,349 $ 439,353 Less reconciling items: Corporate expenses (2) 40,948 34,931 125,778 129,427 Depreciation and amortization 57,582 57,699 165,755 186,409 Impairment charges — — 18,073 — Restructuring and other costs (3) 1,019 265 2,541 825 Other operating expense, net 3,684 6,179 9,745 10,122 Interest expense, net 106,995 107,391 322,060 314,624 (Gain) loss on extinguishment of debt — (3,817) 4,787 (3,817) Other (income) expense, net 676 17,269 9,120 (3,722) Loss from continuing operations before income taxes $ (35,343) $ (51,326) $ (174,510) $ (194,515) (1) In addition to payments that occurred during the period for capital expenditures, the Company had $11.3 million and $8.7 million of accrued capital expenditures related to continuing operations that remained unpaid as of September 30, 2024 and 2023, respectively. (2) Corporate expenses include expenses related to infrastructure and support, including information technology, human resources, legal (including estimated costs for legal liabilities), finance and administrative functions of each of the Company’s reportable segments, as well as overall executive, administrative and support functions. Share-based payments and certain restructuring and other costs are recorded in corporate expenses. (3) The restructuring and other costs line item in this reconciliation excludes those restructuring and other costs related to corporate functions, which are included within the Corporate expenses line item.

REVENUE

REVENUE	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE The Company generates revenue primarily from the sale of advertising on printed and digital out-of-home advertising displays. Certain of these revenue transactions are considered leases for accounting purposes as the contracts convey to customers the right to control the use of the Company’s advertising displays for a period of time. The Company accounts for revenue from leases in accordance with Accounting Standards Codification (“ASC”) Topic 842, while the Company’s remaining revenue transactions are accounted for as revenue from contracts with customers in accordance with ASC Topic 606. Disaggregation of Revenue The following table shows revenue from contracts with customers, revenue from leases and total revenue from continuing operations, disaggregated by geography, for the three and nine months ended September 30, 2024 and 2023: (In thousands) Revenue from contracts with customers Revenue from leases Total revenue Three Months Ended September 30, 2024 U.S. (1) $ 213,837 $ 161,315 $ 375,152 Europe (2) 163,374 2,987 166,361 Other (3) 14,996 2,479 17,475 Total $ 392,207 $ 166,781 $ 558,988 Three Months Ended September 30, 2023 U.S. (1) $ 184,506 $ 169,812 $ 354,318 Europe (2) 145,642 3,724 149,366 Other (3) 17,892 5,210 23,102 Total $ 348,040 $ 178,746 $ 526,786 Nine Months Ended September 30, 2024 U.S. (1) $ 611,423 $ 466,858 $ 1,078,281 Europe (2) 461,849 8,640 470,489 Other (3) 42,993 7,518 50,511 Total $ 1,116,265 $ 483,016 $ 1,599,281 Nine Months Ended September 30, 2023 U.S. (1) $ 520,754 $ 481,964 $ 1,002,718 Europe (2) 419,253 8,525 427,778 Other (3) 48,625 15,905 64,530 Total $ 988,632 $ 506,394 $ 1,495,026 (1) U.S. revenue, which also includes an immaterial amount of revenue derived from airport displays in the Caribbean, is comprised of revenue from the Company’s America and Airports segments. (2) Europe revenue is comprised of revenue from the Company’s Europe-North segment. (3) Other includes the Company’s businesses in Latin America and Singapore. Revenue from Contracts with Customers The following table shows the Company’s beginning and ending accounts receivable and deferred revenue balances from contracts with customers: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2024 2023 2024 2023 Accounts receivable, net of allowance, from contracts with customers: Beginning balance $ 321,715 $ 298,309 $ 361,039 $ 317,560 Ending balance 335,699 304,620 335,699 304,620 Deferred revenue from contracts with customers: Beginning balance $ 42,960 $ 40,947 $ 25,613 $ 23,596 Ending balance 60,408 42,940 60,408 42,940 During the three months ended September 30, 2024 and 2023, respectively, the Company recognized $33.1 million and $34.8 million of revenue that was included in the deferred revenue from contracts with customers balance at the beginning of the respective quarters. During the nine months ended September 30, 2024 and 2023, respectively, the Company recognized $23.1 million and $22.5 million of revenue that was included in the deferred revenue from contracts with customers balance at the beginning of the respective years. The Company’s contracts with customers generally have terms of one year or less. As of September 30, 2024, the Company expected to recognize $83.7 million of revenue in future periods for remaining performance obligations from current contracts with customers that have an original expected duration of greater than one year, with the majority of this amount to be recognized over the next five years.

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt outstanding as of September 30, 2024 and December 31, 2023 consisted of the following: (In thousands) Maturity September 30, December 31, Receivables-Based Credit Facility August 2026 $ — $ — Revolving Credit Facility (1) August 2026 — — Term Loan Facility (2) August 2028 425,000 1,260,000 Clear Channel Outdoor Holdings 5.125% Senior Secured Notes August 2027 1,250,000 1,250,000 Clear Channel Outdoor Holdings 9.000% Senior Secured Notes September 2028 750,000 750,000 Clear Channel Outdoor Holdings 7.875% Senior Secured Notes (2) April 2030 865,000 — Clear Channel Outdoor Holdings 7.750% Senior Notes April 2028 995,000 995,000 Clear Channel Outdoor Holdings 7.500% Senior Notes June 2029 1,040,000 1,040,000 Clear Channel International B.V. 6.625% Senior Secured Notes (3) August 2025 — 375,000 Clear Channel International B.V. Term Loan Facility (3) April 2027 375,000 — Finance leases 3,870 4,202 Original issue discount (7,856) (2,690) Long-term debt fees (38,623) (39,609) Total debt 5,657,391 5,631,903 Less: Current portion 570 612 Total long-term debt $ 5,656,821 $ 5,631,291 (1) Effective August 23, 2024, the amount of revolving credit commitments available under the Revolving Credit Facility decreased from $150.0 million to $115.8 million, in accordance with the terms of the Senior Secured Credit Agreement and as described in the Company’s 2023 Annual Report on Form 10-K. These commitments will be available through August 23, 2026. (2) On March 18, 2024, the Company issued $865.0 million aggregate principal amount of 7.875% Senior Secured Notes Due 2030 (the “CCOH 7.875% Senior Secured Notes”) and used a portion of the proceeds therefrom to prepay $835.0 million of borrowings outstanding under the Term Loan Facility. At the same time, the Company amended its Senior Secured Credit Agreement to, among other things, refinance the $425.0 million remaining principal balance on the Term Loan Facility and to extend its maturity date from 2026 to 2028, subject to certain conditions. The new refinanced term loans were issued at a 1% discount, and the Company used the proceeds therefrom, along with the remaining proceeds from the CCOH 7.875% Senior Secured Notes issuance and cash on hand, to pay off the original term loans, $14.9 million of accrued interest on the prepaid and refinanced Term Loan principal, and $15.4 million of fees and expenses related to these transactions. Related to these transactions, the Company recognized a loss on debt extinguishment of $2.4 million and debt modification expense of $10.0 million. (3) On March 22, 2024, the Company’s indirect wholly-owned subsidiary, Clear Channel International B.V. (“CCIBV”), entered into a credit agreement comprising two tranches of term loans (the “CCIBV Term Loan Facility”) totaling an aggregate principal amount of $375.0 million, which was issued at a 1% discount. The Company used the proceeds therefrom, along with cash on hand, to redeem all of the outstanding $375.0 million aggregate principal amount of 6.625% Senior Secured Notes Due 2025 (the “CCIBV Senior Secured Notes”) and to pay $11.8 million of accrued interest related thereto and $5.1 million of related transaction fees and expenses. At September 30, 2024, the Company had an accrual of $0.8 million for unpaid fees and expenses. Related to this transaction, the Company recognized a loss on debt extinguishment of $2.4 million and debt modification expense of $2.0 million. As a result of this redemption, CCIBV and the guarantors of the CCIBV Senior Secured Notes have been released from their remaining obligations under the indenture governing such notes, and such indenture has ceased to be of further effect. The aggregate market value of the Company’s debt based on market prices for which quotes were available was approximately $5.5 billion and $5.3 billion as of September 30, 2024 and December 31, 2023, respectively. Under the fair value hierarchy established by ASC Section 820-10-35, the inputs used to determine the market value of the Company’s debt are classified as Level 1. As of September 30, 2024, the Company was in compliance with all covenants contained in its debt agreements. Amendment to Senior Secured Credit Facilities On March 18, 2024, the Senior Secured Credit Agreement, which governs the Company’s Revolving Credit Facility and Term Loan Facility, was amended to, among other things, extend the maturity date of the Term Loan Facility to August 23, 2028, subject to certain conditions, and increase the Applicable Rate (as defined therein) for the Term Loan Facility by 50 basis points. CCOH 7.875% Senior Secured Notes Due 2030 On March 18, 2024, the Company completed the sale of $865.0 million in aggregate principal amount of the CCOH 7.875% Senior Secured Notes. The CCOH 7.875% Senior Secured Notes were issued pursuant to an indenture, dated as of March 18, 2024 (the “CCOH 7.875% Senior Secured Notes Indenture”), among the Company, the subsidiaries of the Company acting as guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee and as collateral agent. The CCOH 7.875% Senior Secured Notes mature on April 1, 2030 and bear interest at a rate of 7.875% per annum. Interest on the CCOH 7.875% Senior Secured Notes is payable to the holders thereof semi-annually on April 1 and October 1 of each year, beginning October 1, 2024. Guarantees and Security The CCOH 7.875% Senior Secured Notes are guaranteed fully and unconditionally on a senior secured basis by certain of the Company’s wholly-owned existing and future domestic subsidiaries. The CCOH 7.875% Senior Secured Notes and the guarantees thereof are secured on a first-priority basis by security interests in all of the Company’s and the guarantors’ assets securing the Senior Secured Credit Facilities, subject to certain exceptions, on a pari passu basis with the liens on such assets (other than the assets securing the Company’s Receivables-Based Credit Facility), and on a second-priority basis by security interests in all of the Company’s and the guarantors’ assets securing the Company’s Receivables-Based Credit Facility on a first-priority basis, in each case, other than any excluded assets and subject to intercreditor agreements. The CCOH 7.875% Senior Secured Notes and the guarantees are general senior secured obligations of the Company and the guarantors thereof and rank pari passu in right of payment with the Company’s and the guarantors’ existing and future senior indebtedness. Redemptions The Company may redeem all or a portion of the CCOH 7.875% Senior Secured Notes at the redemption prices set forth in the CCOH 7.875% Senior Secured Notes Indenture. Certain Covenants The CCOH 7.875% Senior Secured Notes Indenture contains covenants that limit the Company’s ability and the ability of its restricted subsidiaries to, among other things: incur or guarantee additional debt or issue certain preferred stock; redeem, purchase or retire subordinated debt; make certain investments; create restrictions on the payment of dividends or other amounts from the Company’s restricted subsidiaries that are not guarantors of the debt; enter into certain transactions with affiliates; merge or consolidate with another person or sell or otherwise dispose of all or substantially all of the Company’s assets; sell certain assets, including capital stock of the Company’s subsidiaries; designate the Company’s subsidiaries as unrestricted subsidiaries; pay dividends, redeem or repurchase capital stock or make other restricted payments; and incur certain liens. CCIBV Term Loan Facility Due 2027 On March 22, 2024, CCIBV entered into a credit agreement (the “CCIBV Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and J.P. Morgan SE, as lead arranger and bookrunner. The CCIBV Credit Agreement governs the CCIBV Term Loan Facility and the term loans incurred thereunder. Size and Availability The CCIBV Term Loan Facility is comprised of two tranches of term loans totaling an aggregate principal amount of $375.0 million: (1) a “fixed rate” tranche of term loans in an aggregate principal amount of $300.0 million (the “Fixed Rate Term Loan Tranche”); and (2) a “floating rate” tranche of term loans in an aggregate principal amount of $75.0 million (the “Floating Rate Term Loan Tranche”). Interest Rate The CCIBV Term Loan Facility bears interest: (1) at a fixed rate of 7.5% per annum, payable semi-annually in arrears on April 1 and October 1 of each year for the Fixed Rate Term Loan Tranche and (2) at a floating rate equal to the benchmark rate “Term SOFR” plus 2.25% per annum (subject to a floor rate of 5.25% per annum), payable at one, three or six-month intervals, effective April 1, 2024 for the Floating Rate Term Loan Tranche. Amortization and Maturity The CCIBV Term Loan Facility matures on April 1, 2027 and has no scheduled amortization payments prior to this date. Prepayments The CCIBV Credit Agreement requires CCIBV to make certain mandatory prepayments, subject to certain requirements and exceptions, and permits CCIBV to make voluntary prepayments at its discretion. The Fixed Rate Term Loan Tranche and the Floating Rate Term Loan Tranche will participate in any voluntary or mandatory repayments or prepayments on a pro rata basis. Guarantees and Security The CCIBV Term Loan Facility is fully guaranteed by certain of CCIBV’s subsidiaries. The Company does not guarantee and has not otherwise assumed any liability under the CCIBV Term Loan Facility. The CCIBV Term Loan Facility and certain of the guarantees thereunder (the “Secured Guarantees”) are secured by security interests in, and pledges over, certain assets and property (including, without limitation, capital stock, material bank accounts and intercompany receivables) of or in CCIBV and its guarantors (the “Security Interests”), in each case subject to certain agreed security principles, permitted liens and other customary exceptions and qualifications. The CCIBV Term Loan Facility is a senior secured obligation that ranks, in right of payment, pari passu to all unsubordinated indebtedness of CCIBV and senior to all subordinated indebtedness of CCIBV and ranks, in right of security, senior to all unsecured and junior lien indebtedness of CCIBV to the extent of the value of the assets that constitute collateral after giving effect to the Security Interests and the Secured Guarantees. The guarantees that are not Secured Guarantees are unsecured senior obligations that rank, in right of payment, pari passu to all unsubordinated indebtedness of the guarantors and senior to all subordinated indebtedness of the guarantors and rank, in right of security, junior to all secured indebtedness of the guarantors to the extent of the value of the assets securing such indebtedness and pari passu to all unsecured indebtedness of the guarantors. Certain Covenants The CCIBV Credit Agreement contains covenants that limit CCIBV’s ability and the ability of its restricted subsidiaries to, among other things (but subject to certain exceptions): pay dividends, redeem stock or make other distributions or investments; incur additional debt or issue certain preferred stock; transfer or sell assets; create liens on assets; engage in certain transactions with affiliates; create restrictions on dividends or other payments by the restricted subsidiaries; and merge, consolidate or effect other fundamental changes to CCIBV’s assets. Letters of Credit, Surety Bonds and Guarantees The Company has letters of credit, surety bonds and bank guarantees related to various operational matters, including insurance, bid, concession and performance bonds, as well as other items. As of September 30, 2024, the Company had $43.2 million of letters of credit outstanding under its Revolving Credit Facility, resulting in $72.6 million of remaining excess availability, and $54.9 million of letters of credit outstanding under its Receivables-Based Credit Facility, resulting in $101.9 million of excess availability. Additionally, as of September 30, 2024, the Company had $43.1 million and $26.0 million of surety bonds and bank guarantees outstanding, respectively, a portion of which was supported by $5.4 million of cash collateral. A portion of these letters of credit and guarantees at September 30, 2024 related to discontinued operations that were sold or held for sale as of this date. Please refer to Note 2 for additional information.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Legal Proceedings The Company and its subsidiaries are involved in certain legal proceedings arising in the ordinary course of business and, as required, have accrued an estimate of the probable costs for the resolution of those claims for which the occurrence of loss is probable and the amount can be reasonably estimated. These estimates have been developed in consultation with counsel and are based upon an analysis of potential results, assuming a combination of litigation and settlement strategies. It is possible, however, that future results of operations for any particular period could be materially affected by changes in the Company’s assumptions or the effectiveness of its strategies related to these proceedings. Additionally, due to the inherent uncertainty of litigation, there can be no assurance that the resolution of any particular claim or proceeding would not have a material adverse effect on the Company’s financial condition or results of operations. Although the Company is involved in a variety of legal proceedings in the ordinary course of business, a large portion of the Company’s litigation arises in the following contexts: commercial disputes, employment and benefits-related claims, land use and zoning disputes, governmental fines, intellectual property claims, personal injury claims and tax disputes.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income Tax Benefit Attributable to Continuing Operations The Company’s income tax benefit attributable to continuing operations for the three and nine months ended September 30, 2024 and 2023 consisted of the following components: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Current tax expense attributable to continuing operations $ (2,507) $ (2,830) $ (6,111) $ (6,442) Deferred tax benefit attributable to continuing operations 6,307 3,074 12,102 18,464 Income tax benefit attributable to continuing operations $ 3,800 $ 244 $ 5,991 $ 12,022 The effective tax rates for continuing operations for the three and nine months ended September 30, 2024 were 10.8% and 3.4%, respectively, compared to 0.5% and 6.2% for the three and nine months ended September 30, 2023, respectively. The effective tax rates for each period were primarily impacted by the valuation allowance recorded against current period deferred tax assets resulting from losses and interest expense carryforwards in the U.S. and certain foreign jurisdictions due to uncertainty regarding the Company’s ability to realize those assets in future periods.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT The Company’s property, plant and equipment consisted of the following classes of assets as of September 30, 2024 and December 31, 2023: (In thousands) September 30, December 31, Structures $ 2,138,507 $ 2,157,237 Furniture and other equipment 236,468 229,514 Land, buildings and improvements 142,562 143,300 Construction in progress 40,216 57,335 Property, plant and equipment, gross 2,557,753 2,587,386 Less: Accumulated depreciation (1,919,073) (1,921,042) Property, plant and equipment, net $ 638,680 $ 666,344 During the nine months ended September 30, 2024, the Company acquired billboard structures of $1.1 million as part of asset acquisitions in America and $7.8 million of total property, plant and equipment as part of a business acquisition in Norway. Refer to Note 11 for more information on the business acquisition in Norway. As a result of impairment tests performed in the second quarter of 2024, the Company reduced the carrying value of “Property, plant and equipment, net” by $8.1 million. Refer to Note 11 for more information.

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS AND GOODWILL	INTANGIBLE ASSETS AND GOODWILL Intangible Assets The following table presents the gross carrying amount and accumulated amortization for each major class of intangible assets as of September 30, 2024 and December 31, 2023: (In thousands) September 30, 2024 December 31, 2023 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Permits (1) $ 753,692 $ (128,969) $ 746,126 $ (80,439) Transit, street furniture and other outdoor contractual rights 360,024 (332,695) 356,883 (325,357) Permanent easements (1) 163,107 — 163,293 — Trademarks 83,569 (45,453) 83,569 (39,214) Other 1,031 (1,021) 1,107 (1,094) Total intangible assets $ 1,361,423 $ (508,138) $ 1,350,978 $ (446,104) (1) During the nine months ended September 30, 2024, the Company acquired permits of $7.7 million and permanent easements of $0.2 million as part of asset acquisitions. The acquired permits have amortization periods ranging from 22 to 28 years. Goodwill The following table presents changes in the goodwill balance for the Company’s segments with goodwill during the nine months ended September 30, 2024: (In thousands) America Airports Europe-North Consolidated Balance as of December 31, 2023 (1) $ 482,937 $ 24,882 $ 148,744 $ 656,563 Business acquisition (2) — — 1,885 1,885 Foreign currency impact — — 3,967 3,967 Balance as of September 30, 2024 $ 482,937 $ 24,882 $ 154,596 $ 662,415 (1) The balance at December 31, 2023 is net of cumulative impairments of $2.6 billion for America, $79.4 million for Europe-North and $90.4 million for Other, which has been fully impaired. (2) On August 19, 2024, the Company recognized $1.9 million of goodwill related to a business acquisition in Norway. Refer to Note 11 for more information. Annual Impairment Tests The Company performs its annual impairment tests for permanent easements and goodwill as of July 1 of each year, and more frequently as events or changes in circumstances warrant, as described in the Company's 2023 Annual Report on Form 10-K. No impairment was recognized during the nine months ended September 30, 2024 or 2023 as a result of these tests.

NET LOSS PER SHARE

NET LOSS PER SHARE	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
NET LOSS PER SHARE	NET LOSS PER SHARE The following table presents the computation of net loss per share for the three and nine months ended September 30, 2024 and 2023: (In thousands, except per share data) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Numerators: Loss from continuing operations $ (31,543) $ (51,082) $ (168,519) $ (182,493) Less: Net income from continuing operations attributable to noncontrolling interests 959 648 2,034 823 Net loss from continuing operations attributable to the Company (32,502) (51,730) (170,553) (183,316) Income (loss) from discontinued operations (13) (211,736) 9,246 (152,326) Less: Net income from discontinued operations attributable to noncontrolling interests 25 24 70 57 Net income (loss) from discontinued operations attributable to the Company (38) (211,760) 9,176 (152,383) Net loss attributable to the Company $ (32,540) $ (263,490) $ (161,377) $ (335,699) Denominators: Weighted average common shares outstanding – Basic 488,947 482,945 487,155 481,289 Weighted average common shares outstanding – Diluted 488,947 482,945 487,155 481,289 Net income (loss) attributable to the Company per share of common stock — Basic and Diluted: Net loss from continuing operations attributable to the Company per share of common stock $ (0.07) $ (0.11) $ (0.35) $ (0.38) Net income (loss) from discontinued operations attributable to the Company per share of common stock — (0.44) 0.02 (0.32) Net loss attributable to the Company per share of common stock — Basic and Diluted (1) $ (0.07) $ (0.55) $ (0.33) $ (0.70) (1) Due to rounding, the total may not equal the sum of the line items in the table above. Outstanding equity awards equivalent to 33.9 million and 29.2 million shares for the three months ended September 30, 2024 and 2023, respectively, and 30.1 million and 23.0 million shares for the nine months ended September 30, 2024 and 2023, respectively, were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive.

OTHER INFORMATION

OTHER INFORMATION	9 Months Ended
	Sep. 30, 2024
Other Income and Expenses [Abstract]
OTHER INFORMATION	OTHER INFORMATION Reconciliation of Cash, Cash Equivalents and Restricted Cash The following table reconciles cash and cash equivalents reported in the Consolidated Balance Sheets to the cash, cash equivalents and restricted cash reported in the Consolidated Statements of Cash Flows: (In thousands) September 30, December 31, Cash and cash equivalents in the Balance Sheets $ 201,111 $ 251,652 Cash and cash equivalents included in Current assets of discontinued operations 909 651 Restricted cash included in: Other current assets 2,928 3,051 Current assets of discontinued operations 839 724 Other assets 4,712 4,463 Total cash, cash equivalents and restricted cash in the Statements of Cash Flows $ 210,499 $ 260,541 Accounts Receivable The following table discloses the components of “Accounts receivable, net,” as reported in the Consolidated Balance Sheets: (In thousands) September 30, December 31, Accounts receivable $ 508,551 $ 514,891 Less: Allowance for credit losses (12,744) (15,080) Accounts receivable, net $ 495,807 $ 499,811 Credit loss expense related to accounts receivable of continuing operations was $1.0 million and $0.0 million during the three months ended September 30, 2024 and 2023, respectively, and $1.0 million and $1.7 million during the nine months ended September 30, 2024 and 2023, respectively. Accrued Expenses The following table discloses the components of “Accrued expenses” as reported in the Consolidated Balance Sheets: (In thousands) September 30, December 31, Accrued rent $ 91,378 $ 114,489 Accrued employee compensation and benefits 59,293 73,422 Accrued taxes 50,539 51,209 Accrued agency commissions and incentives 40,415 42,736 Accrued other 80,964 103,764 Total accrued expenses $ 322,589 $ 385,620 Other Income (Expense), Net The Company recognized net foreign currency transaction gains (losses) related to continuing operations of $0.3 million and $(13.7) million during the three months ended September 30, 2024 and 2023, respectively, and $4.3 million and $7.4 million during the nine months ended September 30, 2024 and 2023, respectively. During the nine months ended September 30, 2024, other expense, net, included $12.0 million of debt modification expense related to the debt transactions the Company completed in March 2024, further described in Note 5. During the three and nine months ended September 30, 2023, other income (expense), net, included $4.4 million of debt modification expense related to the CCOH 9.000% Senior Secured Notes issuance and Term Loan Facility prepayment completed in August 2023, further described in the Company’s 2023 Annual Report on Form 10-K. Other Comprehensive Income (Loss) There were no significant changes in deferred income tax liabilities resulting from adjustments to other comprehensive income (loss) during the three and nine months ended September 30, 2024 and 2023. Share-Based Compensation Share-based compensation expense for continuing operations, which is recognized within “Corporate expenses” on the Consolidated Statements of Loss, was $6.8 million and $5.0 million during the three months ended September 30, 2024 and 2023, respectively, and $19.6 million and $15.1 million during the nine months ended September 30, 2024 and 2023, respectively. On May 15, 2024, the Compensation Committee of the CCOH Board of Directors approved grants of 13.1 million restricted stock units (“RSUs”) and 2.6 million performance stock units (“PSUs”) to certain of its employees as part of those employees’ annual compensation. • The RSUs vest in three equal installments on each of April 1, 2025, April 1, 2026 and April 1, 2027, provided that the recipient is still employed by, or providing services to, the Company on each such vesting date. • The PSUs vest and become earned based on the achievement of the Company’s total shareholder return relative to the Company’s peer group (the “Relative TSR”) over a performance period commencing on April 1, 2024 and ending on March 31, 2027 (the “Performance Period”). If the Company achieves Relative TSR at the 75 th percentile or higher, the PSUs will be earned at 150% of the target number of shares; if the Company achieves Relative TSR at the 50 th percentile, the PSUs will be earned at 100% of the target number of shares; if the Company achieves Relative TSR at the 25 th percentile, the PSUs will be earned at 50% of the target number of shares; and if the Company achieves Relative TSR below the 25 th percentile, no PSUs will be earned. To the extent Relative TSR is between achievement levels, the portion of the PSUs that is earned will be determined using straight-line interpolation. Notwithstanding the foregoing, to the extent the Company’s absolute total shareholder return over the Performance Period is less than 0%, the maximum payout shall not be greater than 100% of the target number of shares. On May 16, 2024, the Company’s stockholders approved the adoption of the 2012 Third Amended and Restated Stock Incentive Plan (the “2024 Plan”), which amends and restates the 2012 Second Amended and Restated Stock Incentive Plan. The 2024 Plan is a broad-based incentive compensation plan that provides for granting stock options, stock appreciation rights, restricted stock, restricted stock units, and performance-based cash and stock awards to any of the Company’s or its subsidiaries’ present or future directors, officers, employees, consultants or advisors. Effective May 31, 2024, certain executive officers of the Company received one-time PSU awards, totaling 6.1 million in aggregate, which are eligible to vest and become earned shares in one-third increments based on achievement of specified stock price performance hurdles of $2.50, $3.25 and $4.25 during the four-year period, beginning on May 31, 2024, subject to additional service-based vesting conditions set forth in the applicable award agreement. The maximum number of shares that may be earned with respect to these PSUs is 100% of the PSUs granted. As of September 30, 2024, the Company had 37,549,613 shares available for issuance under the 2024 Plan, assuming a 100% payout of the Company’s outstanding performance stock units. Impairment of Long-Lived Assets The Company tests its long-lived assets for impairment whenever events and circumstances indicate that their carrying amount may exceed the undiscounted cash flows they are expected to generate. When a long-lived asset or asset group is determined to be unrecoverable, its cost basis is reduced to reflect the current fair market value, and an impairment loss is recognized. During the second quarter of 2024, in connection with the Company’s ongoing sale process of its businesses in Latin America, the Company identified impairment indicators for the long-lived assets of several of its Latin American businesses (each of which is a separate asset group) and determined certain of these asset groups to be unrecoverable. The Company utilized a market approach to estimate the fair value of each asset group and reduced the carrying values of “Structures, net,” “Other property, plant and equipment, net,” “Operating lease right-of-use assets,” and “Other assets” on the Consolidated Balance Sheet accordingly, resulting in an impairment charge of $18.1 million on the Consolidated Statement of Loss for the three months ended June 30, 2024. Business Acquisition On August 19, 2024, the Company acquired 100% of the equity interests of the Urban Infrastructure Partner (“UIP”) group for net cash consideration of $9.3 million, which is reflected within “Payments for acquisition of businesses and/or assets, net of cash acquired” in the investing activities section of the Consolidated Statements of Cash Flows. UIP primarily develops and operates urban infrastructure in Norway, including bike-sharing programs and bus shelters. As part of this business acquisition, the Company acquired $7.4 million of net assets, primarily property, plant and equipment, and recognized $1.9 million of goodwill.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net loss attributable to the Company	$ (32,540)	$ (263,490)	$ (161,377)	$ (335,699)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Principles of Consolidation and Preparation of Interim Financial Statements	These consolidated financial statements include the accounts of Clear Channel Outdoor Holdings, Inc. (“CCOH”) and its subsidiaries, as well as entities in which the Company has a controlling financial interest or for which the Company is the primary beneficiary. Intercompany transactions have been eliminated in consolidation. All references in this Quarterly Report on Form 10-Q to the “Company,” “we,” “us” and “our” refer to Clear Channel Outdoor Holdings, Inc. and its consolidated subsidiaries. Preparation of Interim Financial Statements The accompanying consolidated financial statements were prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial statements, and, in the opinion of management, include all normal and recurring adjustments necessary to present fairly the results of the interim periods shown. Due to seasonality and other factors, the results for the interim periods may not be indicative of results for the full year. Pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”), certain information and footnote disclosures required by GAAP for annual financial statements have been condensed or omitted from these interim financial statements. Accordingly, the financial statements contained herein should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s 2023 Annual Report on Form 10-K, filed with the SEC on February 26, 2024.
Use of Estimates	The Company’s consolidated financial statements presented herein reflect estimates and assumptions made by management that affect the amounts reported in the consolidated financial statements and accompanying notes. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from those estimates.
Presentation Changes	Certain prior period amounts within the “Cash flows from operating activities” section of the Consolidated Statements of Cash Flows have been reclassified to conform to the current period presentation.
Discontinued Operations	the Company’s plan to sell the businesses comprising its Europe-South segment met the criteria to be reported as discontinued operations. In accordance with GAAP, assets and liabilities of discontinued operations are presented separately in the Consolidated Balance Sheets, and results of discontinued operations are reported as a separate component of “Consolidated net loss” in the Consolidated Statements of Loss, for all periods presented. Cash flows from discontinued operations are not reported separately in the Consolidated Statements of Cash Flows.

DISPOSITIONS AND DISCONTINUED_2

DISPOSITIONS AND DISCONTINUED OPERATIONS (Tables)	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Major Classes of Assets and Liabilities Classified as Held for Sale and Operations Reflected in Discontinued Operations	The following table presents a reconciliation of the carrying amounts of the major classes of these assets and liabilities to the current assets and liabilities of discontinued operations as presented on the Company’s Consolidated Balance Sheets: (In thousands) September 30, December 31, Assets of discontinued operations: Cash and cash equivalents $ 909 $ 651 Accounts receivable, net 30,038 39,920 Prepaid expenses and other current assets 13,089 12,668 Property, plant and equipment, net 45,440 37,492 Operating lease right-of-use assets 40,668 35,609 Other assets 4,624 4,973 Current assets of discontinued operations $ 134,768 $ 131,313 Liabilities of discontinued operations: Accounts payable and accrued expenses $ 29,470 $ 29,046 Operating lease liabilities 41,800 37,117 Deferred revenue 1,190 1,074 Other liabilities 1,546 1,541 Current liabilities of discontinued operations $ 74,006 $ 68,778 The following table provides details about the major classes of line items constituting “ Income (loss) from discontinued operations Three Months Ended Nine Months Ended (In thousands) September 30, September 30, 2024 2023 2024 2023 Revenue $ 22,368 $ 85,680 $ 76,824 $ 300,114 Expenses: Direct operating expenses (1) 18,752 74,796 57,626 247,377 Selling, general and administrative expenses (1) 2,756 19,389 9,103 68,685 Depreciation and amortization — 348 — 15,739 Other expense, net 873 2,882 849 10,288 Income (loss) from discontinued operations before net loss on disposal and/or classification as held for sale and income taxes (13) (11,735) 9,246 (41,975) Loss on disposal and/or classification as held for sale, net — (200,636) — (93,132) Income tax benefit (expense) attributable to discontinued operations (2) — 635 — (17,219) Income (loss) from discontinued operations, net of income taxes $ (13) $ (211,736) $ 9,246 $ (152,326) (1) Excludes depreciation and amortization. (2) Income tax expense attributable to discontinued operations for the nine months ended September 30, 2023 was primarily driven by the sale of the Company’s former business in Switzerland. The following table presents the capital expenditures for discontinued operations for the three and nine months ended September 30, 2024 and 2023: Three Months Ended Nine Months Ended (In thousands) September 30, September 30, 2024 2023 2024 2023 Capital expenditures (1) $ 2,947 $ 4,764 $ 7,906 $ 16,129 (1) In addition to payments that occurred during the period for capital expenditures, the Company had $1.3 million and $3.5 million of accrued capital expenditures related to discontinued operations that remained unpaid as of September 30, 2024 and 2023, respectively.

SEGMENT DATA (Tables)

SEGMENT DATA (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Reportable Segment Results	The following table presents the Company’s reportable segment results for continuing operations for the three and nine months ended September 30, 2024 and 2023: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenue America $ 292,821 $ 278,760 $ 832,805 $ 802,326 Airports 82,331 75,558 245,476 200,392 Europe-North 166,361 149,366 470,489 427,778 Other 17,475 23,102 50,511 64,530 Total $ 558,988 $ 526,786 $ 1,599,281 $ 1,495,026 Capital Expenditures (1) America $ 13,406 $ 16,148 $ 35,679 $ 51,844 Airports 3,188 3,072 6,634 10,382 Europe-North 9,707 7,851 23,835 18,998 Other 1,123 1,577 3,217 4,534 Corporate 3,101 4,022 8,029 10,678 Total $ 30,525 $ 32,670 $ 77,394 $ 96,436 Segment Adjusted EBITDA America $ 128,372 $ 121,335 $ 350,816 $ 332,213 Airports 16,925 15,522 55,089 38,120 Europe-North 28,314 28,444 75,288 61,850 Other 1,950 3,290 2,156 7,170 Total $ 175,561 $ 168,591 $ 483,349 $ 439,353 (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Reconciliation of Segment Adjusted EBITDA to Loss From Continuing Operations Before Income Taxes Segment Adjusted EBITDA $ 175,561 $ 168,591 $ 483,349 $ 439,353 Less reconciling items: Corporate expenses (2) 40,948 34,931 125,778 129,427 Depreciation and amortization 57,582 57,699 165,755 186,409 Impairment charges — — 18,073 — Restructuring and other costs (3) 1,019 265 2,541 825 Other operating expense, net 3,684 6,179 9,745 10,122 Interest expense, net 106,995 107,391 322,060 314,624 (Gain) loss on extinguishment of debt — (3,817) 4,787 (3,817) Other (income) expense, net 676 17,269 9,120 (3,722) Loss from continuing operations before income taxes $ (35,343) $ (51,326) $ (174,510) $ (194,515) (1) In addition to payments that occurred during the period for capital expenditures, the Company had $11.3 million and $8.7 million of accrued capital expenditures related to continuing operations that remained unpaid as of September 30, 2024 and 2023, respectively. (2) Corporate expenses include expenses related to infrastructure and support, including information technology, human resources, legal (including estimated costs for legal liabilities), finance and administrative functions of each of the Company’s reportable segments, as well as overall executive, administrative and support functions. Share-based payments and certain restructuring and other costs are recorded in corporate expenses. (3) The restructuring and other costs line item in this reconciliation excludes those restructuring and other costs related to corporate functions, which are included within the Corporate expenses line item.

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table shows revenue from contracts with customers, revenue from leases and total revenue from continuing operations, disaggregated by geography, for the three and nine months ended September 30, 2024 and 2023: (In thousands) Revenue from contracts with customers Revenue from leases Total revenue Three Months Ended September 30, 2024 U.S. (1) $ 213,837 $ 161,315 $ 375,152 Europe (2) 163,374 2,987 166,361 Other (3) 14,996 2,479 17,475 Total $ 392,207 $ 166,781 $ 558,988 Three Months Ended September 30, 2023 U.S. (1) $ 184,506 $ 169,812 $ 354,318 Europe (2) 145,642 3,724 149,366 Other (3) 17,892 5,210 23,102 Total $ 348,040 $ 178,746 $ 526,786 Nine Months Ended September 30, 2024 U.S. (1) $ 611,423 $ 466,858 $ 1,078,281 Europe (2) 461,849 8,640 470,489 Other (3) 42,993 7,518 50,511 Total $ 1,116,265 $ 483,016 $ 1,599,281 Nine Months Ended September 30, 2023 U.S. (1) $ 520,754 $ 481,964 $ 1,002,718 Europe (2) 419,253 8,525 427,778 Other (3) 48,625 15,905 64,530 Total $ 988,632 $ 506,394 $ 1,495,026 (1) U.S. revenue, which also includes an immaterial amount of revenue derived from airport displays in the Caribbean, is comprised of revenue from the Company’s America and Airports segments. (2) Europe revenue is comprised of revenue from the Company’s Europe-North segment. (3) Other includes the Company’s businesses in Latin America and Singapore.
Schedule of Contract with Customer	The following table shows the Company’s beginning and ending accounts receivable and deferred revenue balances from contracts with customers: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2024 2023 2024 2023 Accounts receivable, net of allowance, from contracts with customers: Beginning balance $ 321,715 $ 298,309 $ 361,039 $ 317,560 Ending balance 335,699 304,620 335,699 304,620 Deferred revenue from contracts with customers: Beginning balance $ 42,960 $ 40,947 $ 25,613 $ 23,596 Ending balance 60,408 42,940 60,408 42,940

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Outstanding	Long-term debt outstanding as of September 30, 2024 and December 31, 2023 consisted of the following: (In thousands) Maturity September 30, December 31, Receivables-Based Credit Facility August 2026 $ — $ — Revolving Credit Facility (1) August 2026 — — Term Loan Facility (2) August 2028 425,000 1,260,000 Clear Channel Outdoor Holdings 5.125% Senior Secured Notes August 2027 1,250,000 1,250,000 Clear Channel Outdoor Holdings 9.000% Senior Secured Notes September 2028 750,000 750,000 Clear Channel Outdoor Holdings 7.875% Senior Secured Notes (2) April 2030 865,000 — Clear Channel Outdoor Holdings 7.750% Senior Notes April 2028 995,000 995,000 Clear Channel Outdoor Holdings 7.500% Senior Notes June 2029 1,040,000 1,040,000 Clear Channel International B.V. 6.625% Senior Secured Notes (3) August 2025 — 375,000 Clear Channel International B.V. Term Loan Facility (3) April 2027 375,000 — Finance leases 3,870 4,202 Original issue discount (7,856) (2,690) Long-term debt fees (38,623) (39,609) Total debt 5,657,391 5,631,903 Less: Current portion 570 612 Total long-term debt $ 5,656,821 $ 5,631,291 (1) Effective August 23, 2024, the amount of revolving credit commitments available under the Revolving Credit Facility decreased from $150.0 million to $115.8 million, in accordance with the terms of the Senior Secured Credit Agreement and as described in the Company’s 2023 Annual Report on Form 10-K. These commitments will be available through August 23, 2026. (2) On March 18, 2024, the Company issued $865.0 million aggregate principal amount of 7.875% Senior Secured Notes Due 2030 (the “CCOH 7.875% Senior Secured Notes”) and used a portion of the proceeds therefrom to prepay $835.0 million of borrowings outstanding under the Term Loan Facility. At the same time, the Company amended its Senior Secured Credit Agreement to, among other things, refinance the $425.0 million remaining principal balance on the Term Loan Facility and to extend its maturity date from 2026 to 2028, subject to certain conditions. The new refinanced term loans were issued at a 1% discount, and the Company used the proceeds therefrom, along with the remaining proceeds from the CCOH 7.875% Senior Secured Notes issuance and cash on hand, to pay off the original term loans, $14.9 million of accrued interest on the prepaid and refinanced Term Loan principal, and $15.4 million of fees and expenses related to these transactions. Related to these transactions, the Company recognized a loss on debt extinguishment of $2.4 million and debt modification expense of $10.0 million. (3) On March 22, 2024, the Company’s indirect wholly-owned subsidiary, Clear Channel International B.V. (“CCIBV”), entered into a credit agreement comprising two tranches of term loans (the “CCIBV Term Loan Facility”) totaling an aggregate principal amount of $375.0 million, which was issued at a 1% discount. The Company used the proceeds therefrom, along with cash on hand, to redeem all of the outstanding $375.0 million aggregate principal amount of 6.625% Senior Secured Notes Due 2025 (the “CCIBV Senior Secured Notes”) and to pay $11.8 million of accrued interest related thereto and $5.1 million of related transaction fees and expenses. At September 30, 2024, the Company had an accrual of $0.8 million for unpaid fees and expenses. Related to this transaction, the Company recognized a loss on debt extinguishment of $2.4 million and debt modification expense of $2.0 million. As a result of this redemption, CCIBV and the guarantors of the CCIBV Senior Secured Notes have been released from their remaining obligations under the indenture governing such notes, and such indenture has ceased to be of further effect.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Benefit	The Company’s income tax benefit attributable to continuing operations for the three and nine months ended September 30, 2024 and 2023 consisted of the following components: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Current tax expense attributable to continuing operations $ (2,507) $ (2,830) $ (6,111) $ (6,442) Deferred tax benefit attributable to continuing operations 6,307 3,074 12,102 18,464 Income tax benefit attributable to continuing operations $ 3,800 $ 244 $ 5,991 $ 12,022

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	The Company’s property, plant and equipment consisted of the following classes of assets as of September 30, 2024 and December 31, 2023: (In thousands) September 30, December 31, Structures $ 2,138,507 $ 2,157,237 Furniture and other equipment 236,468 229,514 Land, buildings and improvements 142,562 143,300 Construction in progress 40,216 57,335 Property, plant and equipment, gross 2,557,753 2,587,386 Less: Accumulated depreciation (1,919,073) (1,921,042) Property, plant and equipment, net $ 638,680 $ 666,344

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	The following table presents the gross carrying amount and accumulated amortization for each major class of intangible assets as of September 30, 2024 and December 31, 2023: (In thousands) September 30, 2024 December 31, 2023 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Permits (1) $ 753,692 $ (128,969) $ 746,126 $ (80,439) Transit, street furniture and other outdoor contractual rights 360,024 (332,695) 356,883 (325,357) Permanent easements (1) 163,107 — 163,293 — Trademarks 83,569 (45,453) 83,569 (39,214) Other 1,031 (1,021) 1,107 (1,094) Total intangible assets $ 1,361,423 $ (508,138) $ 1,350,978 $ (446,104) (1) During the nine months ended September 30, 2024, the Company acquired permits of $7.7 million and permanent easements of $0.2 million as part of asset acquisitions. The acquired permits have amortization periods ranging from 22 to 28 years.
Schedule of Goodwill	The following table presents changes in the goodwill balance for the Company’s segments with goodwill during the nine months ended September 30, 2024: (In thousands) America Airports Europe-North Consolidated Balance as of December 31, 2023 (1) $ 482,937 $ 24,882 $ 148,744 $ 656,563 Business acquisition (2) — — 1,885 1,885 Foreign currency impact — — 3,967 3,967 Balance as of September 30, 2024 $ 482,937 $ 24,882 $ 154,596 $ 662,415 (1) The balance at December 31, 2023 is net of cumulative impairments of $2.6 billion for America, $79.4 million for Europe-North and $90.4 million for Other, which has been fully impaired. (2) On August 19, 2024, the Company recognized $1.9 million of goodwill related to a business acquisition in Norway. Refer to Note 11 for more information.

NET LOSS PER SHARE (Tables)

NET LOSS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Net Loss Per Share	The following table presents the computation of net loss per share for the three and nine months ended September 30, 2024 and 2023: (In thousands, except per share data) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Numerators: Loss from continuing operations $ (31,543) $ (51,082) $ (168,519) $ (182,493) Less: Net income from continuing operations attributable to noncontrolling interests 959 648 2,034 823 Net loss from continuing operations attributable to the Company (32,502) (51,730) (170,553) (183,316) Income (loss) from discontinued operations (13) (211,736) 9,246 (152,326) Less: Net income from discontinued operations attributable to noncontrolling interests 25 24 70 57 Net income (loss) from discontinued operations attributable to the Company (38) (211,760) 9,176 (152,383) Net loss attributable to the Company $ (32,540) $ (263,490) $ (161,377) $ (335,699) Denominators: Weighted average common shares outstanding – Basic 488,947 482,945 487,155 481,289 Weighted average common shares outstanding – Diluted 488,947 482,945 487,155 481,289 Net income (loss) attributable to the Company per share of common stock — Basic and Diluted: Net loss from continuing operations attributable to the Company per share of common stock $ (0.07) $ (0.11) $ (0.35) $ (0.38) Net income (loss) from discontinued operations attributable to the Company per share of common stock — (0.44) 0.02 (0.32) Net loss attributable to the Company per share of common stock — Basic and Diluted (1) $ (0.07) $ (0.55) $ (0.33) $ (0.70) (1) Due to rounding, the total may not equal the sum of the line items in the table above.

OTHER INFORMATION (Tables)

OTHER INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2024
Other Income and Expenses [Abstract]
Schedule of Restricted Cash and Cash Equivalents	The following table reconciles cash and cash equivalents reported in the Consolidated Balance Sheets to the cash, cash equivalents and restricted cash reported in the Consolidated Statements of Cash Flows: (In thousands) September 30, December 31, Cash and cash equivalents in the Balance Sheets $ 201,111 $ 251,652 Cash and cash equivalents included in Current assets of discontinued operations 909 651 Restricted cash included in: Other current assets 2,928 3,051 Current assets of discontinued operations 839 724 Other assets 4,712 4,463 Total cash, cash equivalents and restricted cash in the Statements of Cash Flows $ 210,499 $ 260,541
Schedule of Accounts Receivable and Allowance for Credit Losses	The following table discloses the components of “Accounts receivable, net,” as reported in the Consolidated Balance Sheets: (In thousands) September 30, December 31, Accounts receivable $ 508,551 $ 514,891 Less: Allowance for credit losses (12,744) (15,080) Accounts receivable, net $ 495,807 $ 499,811
Schedule of Accrued Expenses	The following table discloses the components of “Accrued expenses” as reported in the Consolidated Balance Sheets: (In thousands) September 30, December 31, Accrued rent $ 91,378 $ 114,489 Accrued employee compensation and benefits 59,293 73,422 Accrued taxes 50,539 51,209 Accrued agency commissions and incentives 40,415 42,736 Accrued other 80,964 103,764 Total accrued expenses $ 322,589 $ 385,620

DISPOSITIONS AND DISCONTINUED_3

DISPOSITIONS AND DISCONTINUED OPERATIONS - Narrative (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]		Income (loss) from discontinued operations	Income (loss) from discontinued operations	Income (loss) from discontinued operations	Income (loss) from discontinued operations
Switzerland | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of businesses, net	$ 84.9
Gain on sale of Swiss business	96.4
Italy | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of businesses, net	4.3
Gain on sale of Swiss business	$ 11.2
France | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of Swiss business			$ 200.6

DISPOSITIONS AND DISCONTINUED_4

DISPOSITIONS AND DISCONTINUED OPERATIONS - Major Classes of Assets and Liabilities Classified as Held for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets of discontinued operations:
Cash and cash equivalents	$ 909	$ 651
Discontinued Operations, Disposed of by Sale
Assets of discontinued operations:
Cash and cash equivalents	909	651
Accounts receivable, net	30,038	39,920
Prepaid expenses and other current assets	13,089	12,668
Property, plant and equipment, net	45,440	37,492
Operating lease right-of-use assets	40,668	35,609
Other assets	4,624	4,973
Current assets of discontinued operations	134,768	131,313
Liabilities of discontinued operations:
Accounts payable and accrued expenses	29,470	29,046
Operating lease liabilities	41,800	37,117
Deferred revenue	1,190	1,074
Other liabilities	1,546	1,541
Current liabilities of discontinued operations	$ 74,006	$ 68,778

DISPOSITIONS AND DISCONTINUED_5

DISPOSITIONS AND DISCONTINUED OPERATIONS - Letters of Credit, Surety Bonds and Guarantees (Details) $ in Millions	Sep. 30, 2024 USD ($)
Bank Guarantees
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Guarantee obligations	$ 26
Europe-South | Discontinued Operations, Held-for-Sale | France
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Letters of credit outstanding	20.2
Guarantor obligations, indemnified amount	15.7
Europe-South | Discontinued Operations, Held-for-Sale | Spain
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Guarantee obligations, collateral, cash	0.7
Europe-South | Discontinued Operations, Held-for-Sale | Spain | Bank Guarantees
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Letters of credit outstanding	6.6
Guarantee obligations	$ 8.8

DISPOSITIONS AND DISCONTINUED_6

DISPOSITIONS AND DISCONTINUED OPERATIONS - Income (Loss) from Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Revenue	$ 22,368	$ 85,680	$ 76,824	$ 300,114
Expenses:
Direct operating expenses	18,752	74,796	57,626	247,377
Selling, general and administrative expenses	2,756	19,389	9,103	68,685
Depreciation and amortization	0	348	0	15,739
Other expense, net	873	2,882	849	10,288
Income (loss) from discontinued operations before net loss on disposal and/or classification as held for sale and income taxes	(13)	(11,735)	9,246	(41,975)
Loss on disposal and/or classification as held for sale, net	0	(200,636)	0	(93,132)
Income tax benefit (expense) attributable to discontinued operations	0	635	0	(17,219)
Income (loss) from discontinued operations, net of income taxes	$ (13)	$ (211,736)	$ 9,246	$ (152,326)

DISPOSITIONS AND DISCONTINUED_7

DISPOSITIONS AND DISCONTINUED OPERATIONS - Capital Expenditures of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Capital expenditures	$ 2,947	$ 4,764	$ 7,906	$ 16,129
Accrued capital expenditures			11,300	8,700
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accrued capital expenditures			$ 1,300	$ 3,500

SEGMENT DATA - Schedule of Repo

SEGMENT DATA - Schedule of Reportable Segment Results (Details) $ in Thousands		3 Months Ended			9 Months Ended
		Sep. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) reportable_segment	Sep. 30, 2023 USD ($)
Segment Reporting [Abstract]
Number of reportable segments | reportable_segment					4
Segment Reporting Information [Line Items]
Total revenue		$ 558,988		$ 526,786	$ 1,599,281	$ 1,495,026
Capital Expenditures		30,525		32,670	77,394	96,436
Segment Adjusted EBITDA		175,561		168,591	483,349	439,353
Corporate expenses	[1]	40,948		34,931	125,778	129,427
Depreciation and amortization		57,582		57,699	165,755	186,409
Impairment charges		0	$ 18,100	0	18,073	0
Restructuring and other costs		1,019		265	2,541	825
Other operating expense, net		3,684		6,179	9,745	10,122
Interest expense, net		106,995		107,391	322,060	314,624
(Gain) loss on extinguishment of debt		0		(3,817)	4,787	(3,817)
Other (income) expense, net		676		17,269	9,120	(3,722)
Loss from continuing operations before income taxes		(35,343)		(51,326)	(174,510)	(194,515)
Accrued capital expenditures					11,300	8,700
Operating segments | America
Segment Reporting Information [Line Items]
Total revenue		292,821		278,760	832,805	802,326
Capital Expenditures		13,406		16,148	35,679	51,844
Segment Adjusted EBITDA		128,372		121,335	350,816	332,213
Operating segments | Airports
Segment Reporting Information [Line Items]
Total revenue		82,331		75,558	245,476	200,392
Capital Expenditures		3,188		3,072	6,634	10,382
Segment Adjusted EBITDA		16,925		15,522	55,089	38,120
Operating segments | Europe-North
Segment Reporting Information [Line Items]
Total revenue		166,361		149,366	470,489	427,778
Capital Expenditures		9,707		7,851	23,835	18,998
Segment Adjusted EBITDA		28,314		28,444	75,288	61,850
Operating segments | Other
Segment Reporting Information [Line Items]
Total revenue		17,475		23,102	50,511	64,530
Capital Expenditures		1,123		1,577	3,217	4,534
Segment Adjusted EBITDA		1,950		3,290	2,156	7,170
Corporate
Segment Reporting Information [Line Items]
Capital Expenditures		3,101		4,022	8,029	10,678
Corporate expenses		$ 40,948		$ 34,931	$ 125,778	$ 129,427
[1] Excludes depreciation and amortization

REVENUE - Schedule of Disaggreg

REVENUE - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 392,207	$ 348,040	$ 1,116,265	$ 988,632
Revenue from leases	$ 166,781	$ 178,746	$ 483,016	$ 506,394
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Total revenue	Total revenue	Total revenue	Total revenue
Total revenue	$ 558,988	$ 526,786	$ 1,599,281	$ 1,495,026
U.S.
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	213,837	184,506	611,423	520,754
Revenue from leases	161,315	169,812	466,858	481,964
Total revenue	375,152	354,318	1,078,281	1,002,718
Europe
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	163,374	145,642	461,849	419,253
Revenue from leases	2,987	3,724	8,640	8,525
Total revenue	166,361	149,366	470,489	427,778
Other
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	14,996	17,892	42,993	48,625
Revenue from leases	2,479	5,210	7,518	15,905
Total revenue	$ 17,475	$ 23,102	$ 50,511	$ 64,530

REVENUE - Schedule of Contract

REVENUE - Schedule of Contract with Customer (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023
Accounts receivable, net of allowance, from contracts with customers:
Beginning balance	$ 321,715	$ 361,039	$ 304,620	$ 298,309	$ 317,560
Ending balance	335,699	321,715	361,039	304,620	298,309
Deferred revenue from contracts with customers:
Beginning balance	42,960	25,613	42,940	40,947	23,596
Ending balance	$ 60,408	$ 42,960	$ 25,613	$ 42,940	$ 40,947

REVENUE - Narrative (Details)

REVENUE - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities, revenue recognized	$ 33.1	$ 34.8	$ 23.1	$ 22.5
Revenue, remaining performance obligation	$ 83.7		$ 83.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period	5 years		5 years

LONG-TERM DEBT - Schedule of Lo

LONG-TERM DEBT - Schedule of Long-Term Debt Outstanding (Details)			3 Months Ended		9 Months Ended
	Mar. 22, 2024 USD ($) tranche	Mar. 18, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Aug. 23, 2024 USD ($)	Aug. 22, 2024 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Total debt			$ 5,657,391,000		$ 5,657,391,000				$ 5,631,903,000
Original issue discount			(7,856,000)		(7,856,000)				(2,690,000)
Long-term debt fees			(38,623,000)		(38,623,000)				(39,609,000)
Less: Current portion			570,000		570,000				612,000
Total long-term debt			5,656,821,000		5,656,821,000				5,631,291,000
Loss on extinguishment of debt			0	$ (3,817,000)	4,787,000	$ (3,817,000)
Debt modification expense				$ 4,400,000	12,000,000	$ 4,400,000
Number of tranches | tranche	2
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity							$ 115,800,000	$ 150,000,000
Secured Debt
Debt Instrument [Line Items]
Loss on extinguishment of debt	$ 2,400,000
Debt modification expense	$ 2,000,000
Receivables-Based Credit Facility
Debt Instrument [Line Items]
Total debt			0		0				0
Revolving Credit Facility
Debt Instrument [Line Items]
Total debt			0		0				0
Term Loan Facility | Secured Debt
Debt Instrument [Line Items]
Total debt		$ 425,000,000	425,000,000		425,000,000				1,260,000,000
Costs incurred on debt transactions		15,400,000
Loss on extinguishment of debt		2,400,000
Debt modification expense		10,000,000
Clear Channel Outdoor Holdings 5.125% Senior Secured Notes | Secured Debt
Debt Instrument [Line Items]
Total debt			$ 1,250,000,000		$ 1,250,000,000				1,250,000,000
Stated interest rate (as a percent)			5.125%		5.125%
Clear Channel Outdoor Holdings 9.000% Senior Secured Notes | Secured Debt
Debt Instrument [Line Items]
Total debt			$ 750,000,000		$ 750,000,000				750,000,000
Stated interest rate (as a percent)			9%		9%
Clear Channel Outdoor Holdings 7.875% Senior Secured Notes Due 2030 | Secured Debt
Debt Instrument [Line Items]
Total debt			$ 865,000,000		$ 865,000,000				0
Principal amount		$ 865,000,000
Stated interest rate (as a percent)		7.875%	7.875%		7.875%
Debt instrument discount percentage		1%
Repayments of long-term debt, accrued interest		$ 14,900,000
Clear Channel Outdoor Holdings 7.750% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Total debt			$ 995,000,000		$ 995,000,000				995,000,000
Stated interest rate (as a percent)			7.75%		7.75%
Clear Channel Outdoor Holdings 7.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Total debt			$ 1,040,000,000		$ 1,040,000,000				1,040,000,000
Stated interest rate (as a percent)			7.50%		7.50%
Clear Channel International B.V. 6.625% Senior Secured Notes Due 2025 | Secured Debt
Debt Instrument [Line Items]
Total debt			$ 0		$ 0				375,000,000
Stated interest rate (as a percent)	6.625%		6.625%		6.625%
Repayments of long-term debt, accrued interest	$ 11,800,000
Costs incurred on debt transactions	5,100,000
Unpaid fees and expenses			$ 800,000		$ 800,000
Clear Channel International B.V. Term Loan Facility Due 2027 | Secured Debt
Debt Instrument [Line Items]
Total debt			375,000,000		375,000,000				0
Maximum borrowing capacity	$ 375,000,000
Debt instrument discount percentage	1%
Other Debt | Unsecured Debt
Debt Instrument [Line Items]
Total debt			$ 3,870,000		$ 3,870,000				$ 4,202,000
Term Loan Facility | Secured Debt
Debt Instrument [Line Items]
Payments of debt		$ 835,000,000

LONG-TERM DEBT - Narrative (Det

LONG-TERM DEBT - Narrative (Details)		9 Months Ended
	Mar. 18, 2024 USD ($)	Sep. 30, 2024 USD ($)	Aug. 23, 2024 USD ($)	Aug. 22, 2024 USD ($)	Mar. 22, 2024 USD ($) tranche	Dec. 31, 2023 USD ($)
Guarantor Obligations [Line Items]
Number of tranches | tranche					2
Surety bonds
Guarantor Obligations [Line Items]
Guarantee obligations		$ 43,100,000
Bank Guarantees
Guarantor Obligations [Line Items]
Guarantee obligations		26,000,000
Bank Guarantees Backed by Cash Collateral
Guarantor Obligations [Line Items]
Guarantee obligations		$ 5,400,000
Clear Channel Outdoor Holdings 7.875% Senior Secured Notes Due 2030 | Secured Debt
Guarantor Obligations [Line Items]
Stated interest rate (as a percent)	7.875%	7.875%
Principal amount	$ 865,000,000
Clear Channel International B.V. Term Loan Facility Due 2027 | Secured Debt
Guarantor Obligations [Line Items]
Maximum borrowing capacity					$ 375,000,000
Fixed Rate | Secured Debt
Guarantor Obligations [Line Items]
Maximum borrowing capacity					300,000,000
Fixed Rate | Secured Debt | Federal Funds Rate
Guarantor Obligations [Line Items]
Stated interest rate (as a percent)		7.50%
Floating Rate | Secured Debt
Guarantor Obligations [Line Items]
Maximum borrowing capacity					$ 75,000,000
Floating Rate | Secured Debt | SOFR
Guarantor Obligations [Line Items]
Debt instrument, basis spread on variable rate		2.25%
Floating Rate | Secured Debt | SOFR Floor Rate
Guarantor Obligations [Line Items]
Debt instrument, floor rate		5.25%
Revolving Credit Facility
Guarantor Obligations [Line Items]
Letters of credit outstanding		$ 43,200,000
Excess borrowing capacity		72,600,000
Revolving Credit Facility
Guarantor Obligations [Line Items]
Maximum borrowing capacity			$ 115,800,000	$ 150,000,000
Revolving Credit Facility | Term Loan Facility
Guarantor Obligations [Line Items]
Debt instrument, basis spread on variable rate	0.50%
Revolving Credit Facility | Receivables-Based Credit Facility | Line of Credit
Guarantor Obligations [Line Items]
Letters of credit outstanding		54,900,000
Excess borrowing capacity		101,900,000
Level 1
Guarantor Obligations [Line Items]
Aggregate market value of debt		$ 5,500,000,000				$ 5,300,000,000

INCOME TAXES - Schedule of Comp

INCOME TAXES - Schedule of Components of Income Tax Benefit (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Current tax expense attributable to continuing operations	$ (2,507)	$ (2,830)	$ (6,111)	$ (6,442)
Deferred tax benefit attributable to continuing operations	6,307	3,074	12,102	18,464
Income tax benefit attributable to continuing operations	$ 3,800	$ 244	$ 5,991	$ 12,022

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Effective tax rate (as a percent)	10.80%	0.50%	3.40%	6.20%

PROPERTY, PLANT AND EQUIPMENT -

PROPERTY, PLANT AND EQUIPMENT - Schedule Of Property, Plant And Equipment (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2,557,753	$ 2,587,386
Less: Accumulated depreciation	(1,919,073)	(1,921,042)
Property, plant and equipment, net	638,680	666,344
Structures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,138,507	2,157,237
Furniture and other equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	236,468	229,514
Land, buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	142,562	143,300
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	40,216	$ 57,335
Billboard Structures
Property, Plant and Equipment [Line Items]
Asset acquisitions, property, plant and equipment	1,100
Business combination acquisitions, property, plant and equipment	$ 7,800

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT - Narrative (Details) $ in Millions	3 Months Ended
	Jun. 30, 2024 USD ($)
Property, Plant and Equipment [Abstract]
Tangible asset impairment charges	$ 8.1

INTANGIBLE ASSETS AND GOODWIL_2

INTANGIBLE ASSETS AND GOODWILL - Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (508,138)	$ (446,104)
Total intangible assets	1,361,423	1,350,978
Permanent easements
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount, indefinite-lived	163,107	163,293
Finite-lived intangible assets acquired	200
Permits, net
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount, finite-lived	753,692	746,126
Accumulated Amortization	(128,969)	(80,439)
Finite-lived intangible assets acquired	$ 7,700
Permits, net | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life of intangibles (in years)	22 years
Permits, net | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life of intangibles (in years)	28 years
Transit, street furniture and other outdoor contractual rights
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount, finite-lived	$ 360,024	356,883
Accumulated Amortization	(332,695)	(325,357)
Permanent easements
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	0	0
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount, finite-lived	83,569	83,569
Accumulated Amortization	(45,453)	(39,214)
Other
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount, finite-lived	1,031	1,107
Accumulated Amortization	$ (1,021)	$ (1,094)

INTANGIBLE ASSETS AND GOODWIL_3

INTANGIBLE ASSETS AND GOODWILL - Schedule of Goodwill (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Aug. 19, 2024	Dec. 31, 2023
Goodwill
Beginning balance	$ 656,563
Business acquisition	1,885
Foreign currency impact	3,967
Ending balance	662,415
Goodwill	662,415		$ 656,563
Urban Infrastructure Partner
Goodwill
Goodwill		$ 1,900
America
Goodwill
Beginning balance	482,937
Business acquisition	0
Foreign currency impact	0
Ending balance	482,937
Goodwill, cumulative impairment			2,600,000
Goodwill	482,937		482,937
Airports
Goodwill
Beginning balance	24,882
Business acquisition	0
Foreign currency impact	0
Ending balance	24,882
Goodwill	24,882		24,882
Europe-North
Goodwill
Beginning balance	148,744
Business acquisition	1,885
Foreign currency impact	3,967
Ending balance	154,596
Goodwill, cumulative impairment			79,400
Goodwill	$ 154,596		148,744
Other
Goodwill
Goodwill, cumulative impairment			$ 90,400

INTANGIBLE ASSETS AND GOODWIL_4

INTANGIBLE ASSETS AND GOODWILL - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment charges	$ 0	$ 0

NET LOSS PER SHARE - Schedule o

NET LOSS PER SHARE - Schedule of Net Loss Per Shareare (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerators:
Loss from continuing operations		$ (31,543)	$ (51,082)	$ (168,519)	$ (182,493)
Less: Net income from continuing operations attributable to noncontrolling interests		959	648	2,034	823
Net loss from continuing operations attributable to the Company		(32,502)	(51,730)	(170,553)	(183,316)
Income (loss) from discontinued operations		(13)	(211,736)	9,246	(152,326)
Less: Net income from discontinued operations attributable to noncontrolling interests		25	24	70	57
Net income (loss) from discontinued operations attributable to the Company		(38)	(211,760)	9,176	(152,383)
Net loss attributable to the Company		$ (32,540)	$ (263,490)	$ (161,377)	$ (335,699)
Denominators:
Weighted average common shares outstanding - Basic (in shares)		488,947	482,945	487,155	481,289
Weighted average common shares outstanding - Diluted (in shares)		488,947	482,945	487,155	481,289
Net income (loss) attributable to the Company per share of common stock — Basic and Diluted:
Net loss from continuing operations attributable to the Company per share of common stock - Basic (in dollars per share)		$ (0.07)	$ (0.11)	$ (0.35)	$ (0.38)
Net loss from continuing operations attributable to the Company per share of common stock - Diluted (in dollars per share)		(0.07)	(0.11)	(0.35)	(0.38)
Net income (loss) from discontinued operations attributable to the Company per share of common stock - Basic (in dollars per share)		0	(0.44)	0.02	(0.32)
Net income (loss) from discontinued operations attributable to the Company per share of common stock - Diluted (in dollars per share)		0	(0.44)	0.02	(0.32)
Net loss attributable to the Company per share of common stock — basic (in dollars per share)	[1]	(0.07)	(0.55)	(0.33)	(0.70)
Net loss attributable to the Company per share of common stock — diluted (in dollars per share)	[1]	$ (0.07)	$ (0.55)	$ (0.33)	$ (0.70)
Outstanding equity awards not included in computation of diluted earnings per share (in shares)		33,900	29,200	30,100	23,000
[1] Due to rounding, the total may not equal the sum of the line items in the table above.

OTHER INFORMATION - Reconciliat

OTHER INFORMATION - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Restricted Cash and Cash Equivalents Items [Line Items]
Cash and cash equivalents in the Balance Sheets	$ 201,111	$ 251,652
Cash and cash equivalents included in Current assets of discontinued operations	909	651
Restricted cash included in:
Total cash, cash equivalents and restricted cash in the Statements of Cash Flows	210,499	260,541	$ 324,650	$ 298,682
Continuing Operations
Restricted cash included in:
Other current assets	2,928	3,051
Other assets	4,712	4,463
Discontinued Operations
Restricted cash included in:
Other current assets	$ 839	$ 724

OTHER INFORMATION - Schedule of

OTHER INFORMATION - Schedule of Accounts Receivable (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Other Income and Expenses [Abstract]
Accounts receivable	$ 508,551		$ 508,551		$ 514,891
Less: Allowance for credit losses	(12,744)		(12,744)		(15,080)
Accounts receivable, net	495,807		495,807		$ 499,811
Credit loss expense (reversal)	$ 1,000	$ 0	$ 1,000	$ 1,700

OTHER INFORMATION - Schedule _2

OTHER INFORMATION - Schedule of Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Other Income and Expenses [Abstract]
Accrued rent	$ 91,378	$ 114,489
Accrued employee compensation and benefits	59,293	73,422
Accrued taxes	50,539	51,209
Accrued agency commissions and incentives	40,415	42,736
Accrued other	80,964	103,764
Total accrued expenses	$ 322,589	$ 385,620

OTHER INFORMATION - Narrative (

OTHER INFORMATION - Narrative (Details)						3 Months Ended			9 Months Ended
	Aug. 19, 2024 USD ($)	May 31, 2024 $ / shares shares	May 31, 2024 $ / shares	May 15, 2024 installment shares	Mar. 22, 2024 USD ($)	Sep. 30, 2024 USD ($) shares	Jun. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) shares	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Foreign currency transaction gains (losses)						$ 300,000		$ (13,700,000)	$ 4,300,000	$ 7,400,000
Debt modification expense								(4,400,000)	(12,000,000)	(4,400,000)
Increase (decrease) of pensions on deferred income tax liabilities						0		0	0	0
Share-based compensation expense						$ 6,800,000		5,000,000	$ 19,600,000	15,100,000
Shares approved for grant | shares						37,549,613			37,549,613
Impairment charges						$ 0	$ 18,100,000	$ 0	$ 18,073,000	$ 0
Goodwill						$ 662,415,000			$ 662,415,000		$ 656,563,000
Urban Infrastructure Partner
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Acquired equity interest, percentage	100%
Net cash consideration	$ 9,300,000
Net assets	7,400,000
Goodwill	$ 1,900,000
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares) | shares				13,100,000
Number of vesting installments | installment				3
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares) | shares		6,100,000		2,600,000
Relative TSR percentage achieved			33.33%	100%					100%
Total shareholder return percentage				0%
Performance period			4 years
Performance Stock Units (PSUs) | Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Relative TSR percentage achieved				150%
Stock price (in dollars per share) | $ / shares		$ 2.50	$ 2.50
Performance Stock Units (PSUs) | Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Relative TSR percentage achieved				100%
Stock price (in dollars per share) | $ / shares		3.25	3.25
Performance Stock Units (PSUs) | Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Relative TSR percentage achieved				50%
Stock price (in dollars per share) | $ / shares		$ 4.25	$ 4.25
Secured Debt
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Debt modification expense					$ (2,000,000)
Secured Debt | Senior Secured Notes Due 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stated interest rate (as a percent)						9%			9%