Revenues of $477.3 million Operating income of $229.1 million Net income attributable to OUTFRONT Media Inc.
of $176.8 million Adjusted OIBDA of $126.0 million AFFO attributable to OUTFRONT Media Inc.
of $84.8 million Quarterly dividend of $0.30 per share, payable September 27, 2024 NEW YORK , Aug.
6, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT ) today reported results for the quarter ended June 30, 2024. "Our U.
S. Media business continued to display solid growth during the quarter, with revenue up 4% and Adjusted OIBDA up nearly double that, demonstrating the operating leverage in our business" said Jeremy Male , Chairman and Chief Executive Officer of OUTFRONT Media. "Also, we were pleased to complete the sale of our Canadian business in June, leaving us with an entirely focused domestic U.
S. business." Second Quarter 2024 Results Sale of Canadian Business On June 7, 2024 , we sold all of our equity interests in Outdoor Systems Americas ULC and its subsidiaries (the "Transaction"), which hold all of the assets of our outdoor advertising business in Canada (the "Canadian Business").
In connection with the Transaction, we received C$410.0 million in cash, which is subject to certain purchase price adjustments. The following reported results include the historical results of the Canadian Business through the date of sale.
Consolidated Reported revenues of $477.3 million increased $8.5 million , or 1.
8%, for the second quarter of 2024 as compared to the same prior-year .