OUTFRONT Media released its 2025 third-quarter financial results, reporting revenue growth, strong transit performance, and continued progress in managing operating costs and site leases.

Key Highlights:

Revenue & Financial Performance:

-Total Revenue: $467.5 million, up 3.5% year-over-year

-Reported Billboard Revenues: $352.8 million, down 2.2% compared to Q3 2024

-Operating Income: Reached $89.9 million, a 26.1% increase from Q3 2024

-Adjusted OIBDA: $137.2 million

-Total Operating Expenses: Decreased by $2.4 million (1.0%) to $230.7 million

Transit & Billboard Operations:

-Transit Revenues: Increased 23.7% to $112.4 million

-Site Lease Expense: 31.3% of revenue, a 1.8% decrease compared to Q3 2024

CEO Nick Brien noted that third quarter results exceeded expectations across the board, particularly in transit, and that strengthening trends have carried into the fourth quarter. The quarter highlights how growing transit revenues, improved lease efficiency, and lower operating costs are helping offset softer billboard results and positioning OUTFRONT to close 2025 with momentum.