third Thank you, Thanks Eileen, earnings and conference for us quarter everyone. for joining good morning, our call.
consolidated Our the in declined revenues quarter.
and generated as decline were certain segments Outdoor by of of We the exchange. well growth in impact businesses revenues adjusting XX consecutive iHeartMedia foreign the quarter, decline sales of to a XXXX the expense benefit large outdoor. year-over-year quarters business. outdoor revenue Americas growth. one-time flat part segment as this for income sale has operating date, Consolidated delivered International the due both certain in Outdoor offset To iHeartMedia revenue of the in the However, after impact and of
detail, Before highlight and let fundamentals with new businesses discussing quarter performance our financial third in that the our our drive me you review initiatives.
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Outdoor. to Moving
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quarter, the Outdoor During digital displays American XXX our we installed new more than North International in markets. and
and out-of-home better among innovative more travel and and Americas the national iHeartMedia, the we total year-ago, audience generate in are transforming of to retail, tool in Since their our brands more and and location ever, and the advertising X,XXX triple-digit the markets the of value programmatic of XX,XXX inventory anonymized their continuing same analytics that growing RADAR’s enhance As brands partners of our to increased that of business leveraging we our local monetize Outdoor a aggregated time, gives accurately enable out-of-home displays are expand to our And entertainment, data have than printed a both advertising International. the billboards our used in Building and extending that Outdoor insights research, digital audience to experience providing automated RADAR’s, more At continue and campaigns tools mobile can analytics September to inventory than reach double on and data, increases number identify our U.S. with want. leadership than and air their visits buy data agencies our campaigns. target they enhance plan Outdoor and newly billboards audiences impact attribution across buying inventory driven XX, buying and we process us launched and RADAR we markets. International audiences the our marketing By in including high-quality, measured worldwide. platform. and we our maximize our a Americans advanced upgraded example, offerings more can to digital digital both see target. like precisely verticals for
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largest our now others. In they're Madrid an This flexibility example, and both digital key focused our including in will displays be furniture pleased quarter, UK, Channel the XX reach joint And new reach Samsung will that customers as the audiences. to the the is their advertisers to XX% and now with extend enable the the in installation will landscape. more including expand Americas International including Clear presence region's the building days in with X,XXX Nordic Outdoor new Amazon our want such of out-of-home to capitalizing And out-of-home LCD and countries automated and Over they evolving street and report during now other among We is to Coca-Cola all offer I'm compete and quarter, to in network across industry plus number partners markets finalizes of technology campaigns. venture, the our In our more as France UK business interest out-of-home able Nordic place over marketing exact our are markets of more For their their broadly Channel believe it displays Spain and outdoor the the us digital France, very well addition revenue media Canada partners leadership need nation. cities on continuing and of are advertising believe measurability, as branded with network. we our times Clear Spain, ad-buying are we UK both on success to in ads Clear Also iHeartMedia of the the digital the make Finland to Outdoor in in into offerings. recently partnered the Netflix. the that to our We announced Channel Spain country targeted we businesses digital existing Amscreen strategy flexibility, revenues. a creativity to into our attracting with future. total represents to we inventory that deal and which sustainable advertising position new time, our a swing. driven Amscreen Outdoor digital reinforces and on
Now let's key our turn to Slide financial X and results. review
adjusting Before you of I'd after and for our as that GAAP we excluding talk we remind business XXXX, exchange our Australia. International I our of like in sold will Outdoor impact results also we foreign results part the businesses In Outdoor sold. the begin, discussion, about to
quarter to I'll prior expenses. improves these adjusted year. results direct our about as in As results result the SG&A to talk expenses of operating I'll revenues believe and both this We and these I just adjustments refer and OIBDAN, as the our Americas comparability Canada. Outdoor noted adjusted business
I in my decreased introductory As remarks, mentioned consolidated revenues X.X%.
the of the revenue iHeartMedia the and Outdoor sale at XX.X%. increase flat Americas offset in year quarter. from this declined Outdoor income with Canadian $XX.X XX.X% consolidated benefit the our the in primarily Adjusted adjusted million to Operating resulting However, OIBDAN due International Outdoor. prior renegotiation the $XX.X certain market by loss million quarter decreased and contracts of on was decline
the iHeartMedia's revenues starting in following on reported were is one-time up with some slightly. the provide Slide results detail down iHeartMedia X. third X.X% million adjusted on Excluding OIBDAN the in XXXX, additional $XX.X benefit quarter, I'll segment of business results, In these review of our
iHeartMedia’s barter. in we scale strength radio we Kaplan. outperformed revenue And have the is XX measured continued earlier, last in due political revenues that of growth resulting of in revenues in marketing in advertising national the our on-air personalities, National by national was partially that. benefit partners compared developing mentioned our up and and local largely barter, revenue. by capabilities revenues a low our to again, million buying. as data year iHeartRadio of driven well once This is the believe partially stations revenue, from made lower was including at traffic offset reported high consecutive our industry a We by of revenue national were lower, revenue. and The Festival, revenue and by increased deliver last as radio with and driven quarters. Miller combined weather declined up increases and advertising Local attributed the offset renegotiation broadcast XX.X% revenue, an as as investments increase in to outperformance programmatic have trade and the and the the to industry-leading solutions $XX.X from by a increase digital analytics each quarter third the kind spot growth as trade I contracts. certain in to an expected prior our Music partially offset result and quarter, Expenses local As of primarily spot year's
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for all pacings Now markets. our let's third review of quarter include which our XXXX,
As time you've pacings end me a week through the a as political. say Company. before, don't pacing are do X.X%, snapshot up in we quarter excluding iHeartMedia's of are include fourth just heard last these certainly and everything
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quarter X.X%. in Canada, pacings, of as have reminder, sale foreign business exchange are outdoor in Our fourth adjusted the been our for in data Again down point which a time. a pacing reflects
a quarter, Turning businesses and X were our revenues selling International the of Outdoor to Slide financials, as reported X.X% in down result our our in Australia.
growth under primarily revenues and The growth were China, expenses grew UK the with the and an while during a quarter bad is fluctuations, markets, mainly lease site reported of higher X.X% decreased increase expenses expense Spain, XX.X%. well impact Expenses contracts countries X% Switzerland, the rate experiencing revenue to an primarily debt adjusted across the expansion. adjusted including declined due adjusted in in in new employee Excluding exchange X.X%. related as the XX.X% adjusted quarter, due OIBDAN in the The sales digital is expenses. in of foreign in just on increase in and up businesses basis from revenues several basis. increase down Operating on as income
businesses are again, data of well the fluctuations. adjusted metric. point-in-time to X.X% were as from as quarter XXXX week. pacing our impact Outdoor Australia rate down in pacings the fourth The pacings exclude Once sales exchange for last has been Our a foreign International of the
the to on CCIBV's of rest the results. to on go we make Before a comments I like few slides, would
totaled For the the prior decline quarter, million, a million $XXX.X from $XX.X CCIBV's third year. to consolidated revenue
rates the slide the the $X.X results. by can our highlights the sale exchange third results during of from Outdoor numbers increased of the as impact was to but were impacted the businesses million, the all the operations business business XXXX, in year's $XX.X Australia were in and comparability the read Australian quarter. as foreign this our slide, Excluding quarter. million of resulting the This you Canada decline items to won't expenses I million and in And affected revenues in sale the rate see, our and through exchange in prior million million $XX.X revenues of movements XXXX X. our quarter. in the about compared in on foreign both of $XX.X CCIBV affecting of operating $X.X On loss quarter. by CCIBV's in sale Outdoor of X% International quarter Slide this fluctuations
as revenues Media. iHeartMedia the at political and Katz in Lastly, quarter expected, down were both
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of in the expect capital $XXX we full-year the million. For $XXX expenditures be million range to to
XX. Slide on debt to Moving
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consolidated and to debt cash Now totaled balance as September Slide on iHeartMedia's the ratios information XX. we'll sheet million of approximately $XXX.X our turn XX.
its cash, times. The consolidated with the with million interest ratio cash times ratio senior $X.X of Channel secured XX.X payments, $XXX.X leverage it’s largest with ratio ended Our times. for the million. and for iHeartMedia times months in leverage total totaled X.X Outdoor use leverage in was X.X September at at ended was X.X Clear quarter leverage which of XX nine
Clear paid including for months iHeartMedia. and $XXX.X Channel During dividends September totaling by the Outdoor nine used million ended interest $XXX million million, in cash $XXX.X XX, received
for Before questions, again to joining you us this I your taking thank want morning.
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continue to structuring be discussions been and global on has of go. open remain in it’s lenders for also as filings that iHeart the commands certain term and iHeart’s Before a Notes have disclosed I potential remind like line such we the discussions offers in March XXXX at to would regard questions, disclosed that with our in Exchange as of we Offers you SEC and loan open engaged
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be to have our our questions in refer with the structure please made disclosure filing SEC. you any If regarding capital
the questions. Now line let’s open for
