Clear Channel Outdoor stock tracks USD 2.38 as deal nears

Clear Channel Outdoor stock was trading at USD 2.38 on the NYSE on September 23, 2026 at 12:22 p.m. ET, down 0.21 percent during the session. The company is approaching a proposed USD 2.43 per share transaction while its second-quarter revenue reached USD 438.04 million.

Airport deal adds operating reach

Clear Channel Outdoor was selected to manage the advertising concession at Pensacola International Airport, according to PR Newswire on September 15, 2026. The program is designed to reach more than 3.1 million annual passengers and includes upgraded infrastructure, digital displays and new sponsorship inventory.

The Pensacola concession gives the Airports division another commercial venue while the company prepares for a proposed change in ownership. The airport is also undertaking a USD 165 million terminal expansion scheduled for completion in the first half of 2028, according to the same company release.

Q2 revenue beats expectations

For Q2 2026, revenue increased 8.7 percent year over year to USD 438.04 million, while adjusted EBITDA rose 11.6 percent to USD 143.4 million, according to Yahoo Finance. The quarterly revenue figure exceeded analyst expectations of USD 423.62 million by USD 14.42 million, while the reported EPS of negative USD 0.01 matched consensus.

The operating mix is important because Airports revenue reached USD 113.6 million, up 14 percent, and Airports digital sales rose 15.6 percent to USD 73.4 million. Those figures show where growth is concentrated even as the proposed transaction limits the relevance of long-term public-market guidance.

Stock stays below merger value

Clear Channel Outdoor stock stood USD 0.05 below the proposed USD 2.43 per share consideration on September 23, 2026. MarketBeat reported an average Reduce rating from five firms and an average 12-month price target of USD 2.2920.