On February 25, 2026, OUTFRONT Media Inc. reported fourth‑quarter and full‑year 2025 results that surpassed expectations. Revenue rose to $513.3 million, a 4.1% year‑over‑year increase from $493.2 million in Q4 2024. Earnings per share were $0.55, beating the consensus estimate of $0.46–$0.50 and exceeding the prior‑year EPS of $0.43. Adjusted OIBDA climbed to $173.8 million, up 12.0% from the same period last year, while adjusted AFFO reached $129.5 million, an 8.3% year‑over‑year gain.
The transit segment drove much of the revenue growth, expanding 16% to $X million, while billboard revenue grew modestly 0.5% after the company exited two large contracts. Digital revenue, which accounts for 39% of total sales, grew 11% year‑over‑year—an increase that would have been 16% if the exited contracts were excluded. These segment dynamics illustrate the company’s shift toward higher‑margin digital and transit inventory.
Billboard OIBDA margin expanded 120 basis points to 41.5%, reflecting improved revenue performance and recent portfolio optimization. The overall adjusted OIBDA margin also increased 12% YoY, underscoring the company’s ability to generate stronger operating income as revenue scales.
Management confirmed that full‑year AFFO growth exceeded guidance and that the company expects double‑digit AFFO growth in 2026. The results reinforce the strategic focus on digital and transit assets, and the company highlighted new partnerships with AWS and AdQuick that are expected to unlock additional revenue streams.
"We finished the year with significant momentum, with revenue growth accelerating throughout 2025," said CEO Nick Brien. "Additionally, we are quite pleased to have delivered full‑year AFFO growth above our guidance and look forward to carrying this momentum into 2026." "We were pleased to see Billboard adjusted OIBDA margin increase again this time by 120 basis points year‑over‑year to 41.5%, helped by improved revenue performance and recent portfolio management decisions. We expect Billboard margins will continue to improve in 2026 relative to 2025."
"We were pleased that we ended 2025 with strong and accelerating revenues. This positive momentum continues into 2026."
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