Billboard Valuation & Advisory Services
In 2023, Lamar exhibited significant growth across various financial metrics, with operating income experiencing a substantial increase compared to the previous year. The company’s net income also saw a remarkable upturn, indicating strong overall performance. On the other hand, Outfront Media’s revenue remained relatively stable with a slight variance from the previous year, but the company noted a decline in transit and other revenue streams. Clear Channel had a standout year, boasting double-digit revenue growth and a significant surge in airport advertising revenue, signaling a successful recovery from the pandemic’s impact on the industry. Overall, Lamar and Clear Channel’s performances outshone Outfront Media, with Lamar showing particularly impressive growth in key financial indicators and Clear Channel exhibiting outstanding revenue growth.
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