OUTFRONT Media Reports Solid Q4 Results, Expects High-Single-Digit Revenue Growth in Q1 2026

CEO Nick Brien and CFO Matthew Siegel outline strategic initiatives and financial outlook for the year ahead

Mar. 3, 2026 at 4:55am

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OUTFRONT Media (NYSE:OUT) reported fourth-quarter 2025 results that management characterized as 'solid,' driven by accelerating demand in transit advertising and continued progress on its strategic initiatives. On the company's earnings call, CEO Nick Brien and CFO Matthew Siegel also outlined expectations for early 2026, including high-single-digit consolidated revenue growth in the first quarter and 'comfortably' double-digit growth in reported adjusted funds from operations (AFFO) for the full year.

Why it matters

OUTFRONT Media's strong Q4 performance and positive outlook for 2026 highlight the company's ability to navigate industry challenges and capitalize on emerging trends in the out-of-home advertising market. The company's strategic initiatives, including partnerships with Amazon Web Services and AdQuick, aim to modernize its business and appeal to a wider range of advertisers, particularly in the tech and digital sectors.

The details

In the fourth quarter, OUTFRONT reported a 4.1% increase in consolidated revenue, driven by 16% growth in transit advertising and 1% growth in billboards. Adjusted OIBDA rose 12% to $174 million, while AFFO increased 8% to $130 million. The company's digital revenue mix increased to 39% of total revenue, with digital transit revenue climbing 37%. OUTFRONT also noted improvements in billboard margins and profitability in its transit business.

  • OUTFRONT reported its fourth-quarter 2025 results on February 28, 2026.
  • The company expects high-single-digit consolidated revenue growth in the first quarter of 2026.
  • OUTFRONT expects 'comfortably' double-digit growth in reported AFFO for the full year 2026.

The players

OUTFRONT Media

An American out-of-home advertising company that offers a range of billboard, transit, and digital display solutions across major urban markets in the United States and Canada.

Nick Brien

The CEO of OUTFRONT Media.

Matthew Siegel

The CFO of OUTFRONT Media.

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