Outfront Media Inc. (OUT) Bundle
A Brief History of Outfront Media Inc. (OUT)
Company Overview
Outfront Media Inc. (NYSE: OUT) is a leading out-of-home (OOH) advertising company with 510,000 displays across the United States.
Financial Performance
| Fiscal Year | Revenue | Net Income |
|---|---|---|
| 2023 | $1.81 billion | $126.8 million |
| 2022 | $1.75 billion | $110.4 million |
Key Assets
- Transit displays: 180,000 units
- Billboards: 220,000 units
- Digital displays: 110,000 units
Market Presence
Operates in major metropolitan areas including New York, Los Angeles, Chicago, and San Francisco.
Technological Capabilities
- Digital programmatic advertising platform
- Real-time audience measurement technology
- Data-driven targeting solutions
Stock Performance
| Stock Symbol | Current Price (2024) | Market Capitalization |
|---|---|---|
| OUT | $16.75 | $1.94 billion |
Corporate Structure
Headquartered in New York City with approximately 2,300 employees.
A Who Owns Outfront Media Inc. (OUT)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 9,459,619 | 10.21% |
| BlackRock Inc. | 7,342,804 | 7.93% |
| Cohen & Steers, Inc. | 5,893,218 | 6.36% |
Top Institutional Owners
- Vanguard Total Stock Market Index Fund
- Dimensional Fund Advisors LP
- State Street Corporation
- JPMorgan Chase & Co.
Insider Ownership
As of the latest filing, Jeremy J. Male serves as Chairman and CEO, holding approximately 0.43% of total shares.
Public Float
Total public float: 92,529,145 shares
Ownership Structure
| Category | Percentage |
|---|---|
| Institutional Investors | 78.45% |
| Insider Ownership | 1.22% |
| Retail Investors | 20.33% |
Outfront Media Inc. (OUT) Mission Statement
Company Overview
Outfront Media Inc. (NYSE: OUT) is a real estate investment trust (REIT) that specializes in outdoor advertising and transit advertising platforms.
Financial Performance
| Market Capitalization (as of 2024) | $2.89 billion |
| Annual Revenue (2023) | $1.87 billion |
| Net Income (2023) | $246.5 million |
| Total Assets | $5.42 billion |
Strategic Focus Areas
- Digital Out-of-Home (DOOH) advertising platforms
- Transit media advertising
- Roadside billboard networks
- Urban advertising spaces
Geographic Presence
| Total Markets Served | 48 states |
| Number of Billboards | 35,420 |
| Transit Display Locations | 1,260 transit systems |
Digital Transformation Metrics
- Digital Billboards: 2,340 screens
- Digital Advertising Revenue: $412.6 million
- Percentage of Digital Revenue
Key Performance Indicators
| Dividend Yield | 5.62% |
| Price to Earnings Ratio | 16.3 |
| Return on Equity | 8.7% |
How Outfront Media Inc. (OUT) Works
Company Overview
Outfront Media Inc. is a publicly traded outdoor advertising company listed on the New York Stock Exchange under the ticker symbol OUT. As of 2024, the company operates with the following key financial metrics:
| Financial Metric | Value |
|---|---|
| Market Capitalization | $2.1 billion |
| Annual Revenue | $1.87 billion |
| Net Income | $189.4 million |
| Total Assets | $4.3 billion |
Business Segments
Outfront Media operates through three primary advertising platforms:
- Billboards
- Transit displays
- Digital out-of-home networks
Digital Inventory
| Digital Asset Type | Quantity |
|---|---|
| Digital Billboards | 3,200 |
| Digital Transit Displays | 1,750 |
Geographic Coverage
Outfront Media maintains presence in:
- 48 United States markets
- Major metropolitan areas
- Key transportation hubs
Revenue Breakdown
| Revenue Source | Percentage |
|---|---|
| Billboard Advertising | 62% |
| Transit Advertising | 28% |
| Digital Out-of-Home | 10% |
Technological Infrastructure
Outfront Media utilizes advanced digital platforms for advertising management, including:
- Real-time content management systems
- Programmatic advertising technology
- Data analytics platforms
Competitive Position
Market share in outdoor advertising: 23.5% of the United States market
How Outfront Media Inc. (OUT) Makes Money
Revenue Streams
Outfront Media Inc. generates revenue through multiple advertising platforms:
- Billboards and Outdoor Advertising
- Transit Media Advertising
- Digital Displays
Billboard Advertising Revenue
As of Q4 2023, Outfront Media reported billboard advertising revenues of $452.3 million.
| Advertising Platform | Annual Revenue |
|---|---|
| Static Billboards | $287.6 million |
| Digital Billboards | $164.7 million |
Transit Media Advertising
Transit advertising generated $276.5 million in 2023, including:
- Subway Advertising: $126.3 million
- Bus Shelter Advertising: $98.2 million
- Airport Advertising: $52 million
Digital Display Advertising
Digital platforms contributed $193.7 million in 2023, with key segments including:
| Digital Platform | Revenue |
|---|---|
| Digital Billboards | $164.7 million |
| Digital Transit Displays | $29 million |
Geographic Revenue Distribution
Revenue breakdown by region in 2023:
- Northeast: $312.4 million
- West Coast: $276.5 million
- Midwest: $198.6 million
- South: $134.7 million
Financial Performance
Total annual revenue for Outfront Media Inc. in 2023: $922.5 million
| Financial Metric | Amount |
|---|---|
| Total Revenue | $922.5 million |
| Net Income | $87.6 million |
| Operating Expenses | $654.3 million |
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