Clear Channel Outdoor (CCO) 2023年年度报告「NYSE」.pdf

1、2023 Annual ReportLetter from our CEODearClearChannelOutdoorStockholders,Sincerely,Scott R.WellsChief Executive Officer,Clear Channel Outdoor Holdings,Inc.*Revenue excluding movements in foreign exchange rates is calculated by converting the current years revenue in localcurrency to U.S.dollars usin

2、g average foreign exchange rates for the prior year.In 2023,we continued to focus on delivering on our strategic roadmap,which is aimed at enhancing the profitability of our business,focusing on our higher-margin U.S.markets and transforming into a technology-fueled,visual media powerhouse reaching

3、a growing pool of advertisers.For the full year 2023,we generated consolidated revenue of$2.127 billion.Excluding movements in foreign exchange rates*,consolidated revenue was$2.121 billion,a 5.3 percent increase over the prior year.This revenue was ahead of our guidance.During the fourth quarter of

4、 2023,we experienced improving business trends overall,including a return to growth in America supported by solid execution from our operating team.That dedication was evident throughout 2023,as we worked to methodically monetize our European assets,while continuing to concentrate on expanding our a

5、dvertiser base,optimizing our deployment of capital and evaluating paths to reduce our corporate expenses.I am thankful for the many contributions and creative energy our Company-wide team brings to the fold every day.Following the completion of the sales of our businesses in Switzerland,Italy and F

6、rance,as well as our entry into an agreement to sell our business in Spain,we commenced processes to sell our Europe-North segment and our businesses in Latin America.The sales of these assets will allow us to streamline our organization and to focus on our higher-margin markets domestically.We beli