OUT on NYSE

Outfront Media

Logo: Spunla, CC BY-SA 4.0, via Wikimedia Commons4

American outdoor advertising company

Outfront Media, Inc. (stylized as OUTFRONT/) is an American advertising company which operates billboards, logo signs, and transit displays and focused on outdoor advertising.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

1938Founded1

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  • TickerOUT on NYSE1
  • Industryout-of-home advertising1
  • HeadquartersNew York City1
  • Websitewww.outfrontmedia.com
  • Incorporated inMD5
  • Business address90 Park Avenue, 9Th Floor, New York, Ny 100165
  • Filer categoryLarge accelerated filer5

Outfront Media, Inc. (stylized as OUTFRONT/) is an American advertising company which operates billboards, logo signs, and transit displays and focused on outdoor advertising. It operates in the United States. The Americas division is led by chief executive officer Nick Brien. Outfront Media has both billboards and transit displays.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

16.0%Operating margin7
8.0%Net margin7
0.0%Revenue growth, 20257
20.7%Return on equity7
3.64×Debt to equity7
$218.8MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Billboard Operating brought in 76% of the revenue Outfront Media broke down this way in fiscal 2025.

  1. Billboard Operating$1.4B776%down 1% from 2024
  2. Transit Operating$431.2M724%up 12% from 2024
Business segments by year
Business segments202320242025
Billboard Operating$1.4B$1.4B$1.4B
Transit Operating$352.6M$383.8M$431.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin24¢$441.7M
  • Other costs68¢$1.2B
  • Income tax0¢$2.0M
  • Profit8¢$147.0M

Out of $1.8B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending29¢$88.8M
  • Dividends paid68¢$210.3M
  • Kept or used elsewhere3¢$8.5M

Out of $307.6M of cash from operations.7

Financial statements

Revenue8910117$1.8B in 2025+3% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.8B$1.8B20192020: $1.2B$1.2B2020−31%2021: $1.5B$1.5B2021+18%2022: $1.8B$1.8B2022+21%2023: $1.8B$1.8B2023+3%2024: $1.8B$1.8B2024+1%2025: $1.8B$1.8B2025+0%
Operating income8910117$293.5M in 2025−5% since 2019
-$400.0M-$200.0M0$200.0M$400.0M$600.0M2019: $309.1M$309.1M20192020: $72.5M$72.5M2020−77%2021: $168.3M$168.3M2021+132%2022: $282.5M$282.5M2022+68%2023: -$253.2M-$253.2M20232024: $425.5M$425.5M20242025: $293.5M$293.5M2025−31%
Net income8910117$147.0M in 2025+5% since 2019
-$600.0M-$400.0M-$200.0M0$200.0M$400.0M2019: $140.1M$140.1M20192020: -$61.0M-$61.0M20202021: $35.6M$35.6M20212022: $142.7M$142.7M2022+301%2023: -$425.2M-$425.2M20232024: $258.2M$258.2M20242025: $147.0M$147.0M2025−43%

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Revenues$1.8B$1.8B$1.8B
Operating$918.5M$949.0M$963.1M
Selling, general and administrative$441.7M$447.9M$429.7M
Restructuring charges$20.1M$0$0
Net (gain) loss on dispositions-$2.3M-$160.9M-$14.2M
Impairment charges$0$17.9M$534.7M
Depreciation$90.6M$79.5M$79.3M
Amortization$69.6M$72.0M$81.2M
Total expenses$1.5B$1.4B$2.1B
Operating income (loss)$293.5M$425.5M-$253.2M
Interest expense, net-$146.4M-$156.2M-$158.4M
Loss on extinguishment of debt-$600.0K-$1.2M-$8.1M
Other income, net$0$1.0M$300.0K
Income (loss) before provision for income taxes and equity in earnings of investee companies$146.5M$269.1M-$419.4M
Provision for income taxes-$2.0M-$11.0M-$4.0M
Equity in earnings of investee companies, net of tax$2.5M$600.0K-$1.1M
Net income (loss) before allocation to redeemable and non-redeemable noncontrolling interests$147.0M$258.7M-$424.5M
Net income attributable to redeemable and non-redeemable noncontrolling interests$0$500.0K$700.0K
Net income (loss) attributable to OUTFRONT Media Inc.$147.0M$258.2M-$425.2M
Basic ($ per share)$0.83$1.54-$2.70
Diluted ($ per share)$0.82$1.51-$2.70
Basic (shares)167.8M shares161.9M shares161.0M shares
Diluted (shares)169.2M shares170.8M shares161.0M shares

Compare Outfront Media with another company

The story

TDI (Transportation Displays Incorporated) was the first predecessor company for transit advertising, publishing advertising for passenger railroad timetables and displays in railroad terminals. TDI was first incorporated in 1938. TDI was sold to IT&T in the early 1970s and then to the Winston Network in the early 1980s, it was later renamed TDI in 1989 led by Bill Apfelbaum. In 1996 the company was sold to Infinity Broadcasting. The transit business and the billboard business merged in 2001 under the name Viacom Outdoor.

The billboard division was originally two separate companies: National Advertising Company (also known as 3M National or National 3M), the outdoor advertising subsidiary of 3M; and Gannett Outdoor, owned by the Gannett Company. In August 1996, Gannett exited the billboard business by selling its outdoor division to Phoenix, Arizona-based Outdoor Systems Advertising. OSI would later acquire 3M National in May 1997, but before that sale was finalized, the United States Justice Department ruled that Outdoor Systems had to sell nearly all of its 3M billboards in ten U.S. cities (all 3M billboards in Phoenix, Arizona; Sacramento, California; New Orleans; Louisville, Kentucky; Denver; Detroit; Kansas City, Missouri and Grand Rapids, Michigan; plus almost all 3M billboards in Atlanta and half of 3M's billboards in Houston) where both Outdoor Systems (OSI) and 3M National already had billboards to Lamar Advertising Company to avoid a monopoly in these cities.

On December 7, 1999, Outdoor Systems (OSI) was bought by Infinity and became Infinity Outdoor. Infinity was absorbed into Viacom in 2001, and became Viacom Outdoor. When Viacom split from CBS Corporation in December 2005, it became CBS Outdoor. CBS owned CBS Outdoor as a division of CBS until March 2014, at which point it was spun off into an independent company. CBS Corporation continued to own 83% of Outfront Media, although this number is expected to decline over time as Outfront Media converts into a real estate investment trust and CBS Corporation divests itself of the outdoor unit. CBS Outdoor shares began trading on the New York Stock Exchange on March 28, 2014. In July 2014, it was announced that CBS Outdoor would acquire the billboard business of Van Wagner Communications for $690 million.

As of July 17, 2014, CBS Outdoor became a fully independent corporation, operating as a real estate investment trust. The company announced it would rename itself as Outfront Media, Inc., effective November 20, 2014. The company's ticker symbol on the NYSE changed from CBSO to OUT. A rebranding program converted billboards, signage and displays from CBS Outdoor to Outfront logos. In October 2015, Outfront Media refused to post New York City Subway ads involving Thinx underwear for women, on the basis that the word "period" was used in the advertisement copy and was accompanied by images of grapefruits.

Since then, Outfront Media has expanded its initiatives, such as a campaign with Dogology Inc., a virtual dog training startup, and the installation of digital advertising screens in the New York City Subway. The campaigns have been highly successful. Further, executives were devising new strategies with the growth of 5G technology.

In September 2018 ‘Today, I’m Brave,’ based in Los Angeles and the non-profit part of creative agency David&Goliath, put together a fundraising initiative with the purpose of aiding Puerto Rico's recovery from Hurricane Maria. As part of this effort, Outfront donated a billboard that went up in the heart of Hollywood on the one year anniversary of Hurricane Maria and Hurricane Irma to commemorate and raise funds for hurricane victims. In October 2018, an 18-member coalition of Chicago Southland churches, synagogues and mosques spread the message "One God, Three Faiths" using Outfront billboards. In a CNBC interview, Outfront Media CEO Jeremy Male said that out-of-home media is a popular medium among top tech and consumer companies, and is a growing advertising medium.

From Wikipedia’s article on Outfront Media, shared under CC BY-SA 4.0.6

Leadership

Who has led Outfront Media, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (25)

Former names

  • OUTFRONT Media Inc.Nov 25, 2014 to Oct 2, 20265
  • CBS OUTDOOR AMERICAS INC.Jun 27, 2013 to Nov 20, 20145

Timeline

  1. Feb 24, 2025New chief executive Nicolas Brien becomes CEO15
  2. Nov 20, 2014Went public Listed on NYSE1
  3. Mar 27, 2014New chief executive Jeremy J. Male becomes CEO16
  4. 1938Founded Founded1

Recent filings

  1. Oct 2, 20264
  2. Oct 1, 2026144
  3. Sep 21, 20264
  4. Sep 21, 20264
  5. Sep 4, 20264
  6. Sep 3, 2026144
  7. Aug 24, 20264
  8. Aug 20, 20264
  9. Aug 19, 2026144
  10. Aug 6, 2026SCHEDULE 13G/A
  11. Aug 6, 202610-Q
  12. Aug 5, 20268-K
  13. Jul 7, 2026SCHEDULE 13G/A
  14. Jul 2, 20264
  15. Jun 25, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

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