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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Reconciliation of Net Income to Adjusted EBITDA

The following table presents our financial performance by segment:

									Three Months Ended March 31,
															2025						2024
Net revenues:
Billboard															$	444,897					$	439,385
Other															60,533						58,765
Total net revenues															$	505,430					$	498,150
Advertising expenses:
Billboard															$	216,931					$	209,903
Other															51,892						49,021
Total advertising expenses															$	268,823					$	258,924
Segmented adjusted EBITDA:
Billboard adjusted EBITDA															$	227,966					$	229,482
Other adjusted EBITDA															8,641						9,744
Corporate expenses (1)															(26,386)						(27,304)
Adjusted EBITDA															$	210,221					$	211,922

(1)Corporate operations are not an operating segment. Corporate expenses include expenses related to infrastructure and support, including information technology, human resources, legal, finance and administrative functions of the Company, as well as overall executive, administrative and support functions.

Reconciliation of adjusted EBITDA to income before income tax expense:

									Three Months Ended March 31,
															2025						2024
Adjusted EBITDA															$	210,221					$	211,922
Stock-based compensation expense															(10,577)						(14,466)
Capitalized contract fulfillment costs, net															(375)						184
Depreciation and amortization															(77,821)						(75,228)
Gain on disposition of assets and investments															69,785						2,188
Equity in earnings (loss) of investee															380						(559)
Interest expense, net															(37,840)						(44,020)
Income before income tax expense															$	153,773					$	80,021

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

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