Clear Channel Outdoor Holdings Inc

Clear Channel Outdoor Holdings reported second-quarter revenue of $438.0 million, up 8.7%, as the billboard and airport advertising company accelerates just before its pending take-private deal. The company agreed on February 9 to be acquired by an investor consortium advised by Mubadala Capital for $2.43 per share, a deal stockholders approved on May 12 and one expected to close by the end of the third quarter of 2026. Consolidated revenue rose 10.2% to $811.9 million over the first half, with the 2026 FIFA World Cup pulling in extra advertising spend across both segments; the America division grew revenue 7% to $324.3 million, while Airports revenue jumped 14% to $113.6 million. Adjusted EBITDA rose 11.6% to $143.4 million for the quarter and 19% to $247.3 million for the first half, and Adjusted Funds From Operations climbed 61.6% to $44.9 million in the quarter. Despite the top-line gains, Clear Channel posted a loss from continuing operations of $10 million in the quarter, reversing a $6.3 million profit a year earlier, with net interest expense of $99 million and total debt of $5.1 billion as of June 30. On August 4, Clear Channel closed the sale of its Spain business for about $132.3 million, proceeds it plans to put toward paying down debt.

QuinStreet reported second-quarter revenue of $373.9 million, up 42.7% year on year and 4% above analysts' expectations, with next-quarter revenue guidance also exceeding consensus. The digital performance marketing company, which connects financial and home services clients with high-intent consumers, posted the highest guidance raise among the seven advertising and marketing services stocks tracked, and its shares are up 18.5% since reporting, trading at $18.04. Across the group, revenues beat consensus by 1.7% and next-quarter guidance came in line, with share prices up 5.8% on average since the latest results. Ibotta posted the biggest analyst estimate beat of the group, with revenue of $88.91 million, up 3.3% year on year and 4.7% above expectations, sending its stock up 62.6% to $39.97. Taboola delivered the weakest performance, with revenue of $476.8 million, up 2.4% year on year but 4.5% below expectations and guidance missing significantly, leaving its shares down 29.1% at $3.75. Clear Channel Outdoor reported revenue of $438 million, up 8.7% and 3.4% above estimates, while MediaAlpha posted revenue of $316.9 million, up 25.9% and 4.2% above expectations despite a significant EPS miss.