Outfront Media (OUT) FY2025 results: revenue $1.8 billion, unchanged on the year
Outfront Media Inc. (OUT) reported revenue of $1.8 billion for fiscal 2025, the year ended 31 December 2025, unchanged on the year before. Net income was $147 million, down 43.1%, and diluted earnings per share $0.82. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2026.
Revenue
$1.8 billion
+0.0% on the year
FY2018FY2025
Operating margin
16.0%
23.2% a year earlier
FY2018FY2025
Net income
$147 million
-43.1% on the year
FY2018FY2025
Diluted EPS
$0.82
-45.7% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 1 kept.
Fourth quarter revenue rose 4.1%: Revenue rose $20.1 million to $513.3 million, and operating income was $133.5 million, compared with $111.1 million in the prior-year quarter.
Adjusted OIBDA up 12.0%: Adjusted OIBDA rose $18.6 million to $173.8 million, a margin of 33.9% against 31.5% a year earlier.
FFO and AFFO both rose: FFO rose $22.1 million, or 19.3%, to $136.9 million. AFFO on the recast definition rose $9.9 million, or 8.3%, to $129.5 million, partly offset by higher maintenance capital expenditures.
Full-year revenue nearly unchanged: Revenue rose $0.8 million to $1,831.7 million. Adjusted OIBDA rose $34.5 million, or 7.4%, to $499.3 million, and full-year AFFO was $337.7 million against $306.0 million.
Transit revenue up 15.7%: Transit revenue rose 15.7% to $134.8 million in the quarter. Transit Adjusted OIBDA rose 56.4% to $34.4 million against $22.0 million a year earlier.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
308
299
254
+2.8%
Capital expenditure
88.8
78.1
86.8
+13.7%
Free cash flow
219
221
167
-1.0%
Free cash flow margin
11.9%
12.1%
9.2%
Cash from investing
-114
208
-108
Cash from financing
-141
-495
-152
Depreciation and amortisation
160
152
160
+5.7%
Share-based compensation
30.0
30.8
28.4
-2.6%
Dividends paid
210
208
207
+0.9%
Dividend per share
$1.20
$1.65
$1.20
-27.3%
Diluted shares, weighted
169m
171m
161m
-0.9%
Shares outstanding at period end
175m
166m
165m
+5.5%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
710
649
577
+9.5%
Non-controlling interest
1.5
1.6
1.7
-6.2%
Redeemable equity
0.0
120
120
Debt
2,583
2,492
2,742
+3.6%
Operating lease liabilities
1,375
1,352
1,417
+1.7%
Other liabilities
642
600
725
+6.8%
Total liabilities and equity
5,312
5,215
5,583
+1.8%
Fixed assets
644
649
658
-0.8%
Goodwill
2,006
2,006
2,006
0.0%
Intangible assets
612
652
695
-6.1%
Cash and equivalents
99.9
46.9
36.0
+113.0%
Receivables
366
305
288
+19.8%
Other assets
1,584
1,556
1,900
+1.8%
Total assets
5,312
5,215
5,583
+1.8%
10-K for the year ended 31 December 2025, filed 26 February 2026: the filing.