v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Revenues $ 522.5 $ 460.2 $ 952.1 $ 850.9
Expenses:        
Operating 246.1 231.5 473.6 452.8
Selling, general and administrative [1] 123.0 110.6 230.3 225.3
Restructuring charges 0.0 19.8 0.0 19.8
Net loss on dispositions 0.3 1.1 1.3 1.2
Depreciation 20.0 23.6 40.7 47.2
Amortization 17.0 17.4 34.2 34.5
Total expenses 406.4 404.0 780.1 780.8
Operating income 116.1 56.2 172.0 70.1
Interest expense, net (36.2) (36.5) (72.2) (72.5)
Loss on extinguishment of debt (1.4) 0.0 (1.4) 0.0
Income (loss) before provision for income taxes and equity in earnings of investee companies 78.5 19.7 98.4 (2.4)
Provision for income taxes (0.9) (0.2) (1.3) (0.7)
Equity in earnings of investee companies, net of tax 0.1 0.0 (0.1) 1.9
Net income (loss) before allocation to redeemable and non-redeemable noncontrolling interests 77.7 19.5 97.0 (1.2)
Net income (loss) attributable to redeemable and non-redeemable noncontrolling interests 0.2 0.0 0.4 (0.1)
Net income (loss) attributable to OUTFRONT Media Inc. $ 77.5 $ 19.5 $ 96.6 $ (1.1)
Net income (loss) per common share:        
Basic (in dollars per share) $ 0.44 $ 0.10 $ 0.55 $ (0.03)
Diluted (in dollars per share) $ 0.44 $ 0.10 $ 0.54 $ (0.03)
Weighted average shares outstanding:        
Basic (in shares) 176.1 167.1 175.8 166.8
Diluted (in shares) [2],[3] 177.5 168.0 177.3 166.8
[1] Selling, general and administrative expenses includes, but is not limited to, compensation and benefits, including commissions, professional fees, office rent and travel and entertainment.
(c)In the three and six months ended June 30, 2025, Restructuring charges associated with the Plan consisted of severance payments, employee benefits and related costs, and professional fees, and includes approximately $2.2 million in non-cash charges for stock-based compensation.
[2] 1.2 million granted RSUs and PRSUs in the three months ended June 30, 2025, and 1.9 million granted RSUs and PRSUs in the six months ended June 30, 2025, was antidilutive.
[3] The potential impact of 7.8 million shares of our common stock issuable upon conversion of the Series A Convertible Perpetual Preferred Stock (the “Series A Preferred Stock”) in each of the three and six months ended June 30, 2025, were antidilutive. In November 2025, all outstanding shares of the Series A Preferred Stock were converted to shares of our common stock.