Outfront Media Inc (NYSE:OUT)
$ 14.9 0.21 (1.43%) Market Cap: 2.47 Bil Enterprise Value: 6.90 Bil PE Ratio: 0 PB Ratio: 4.72 GF Score: 72/100

OUTFRONT Media Inc at Oppenheimer Technology, Internet & Communications Conference Transcript

Aug 07, 2019 / 05:05PM GMT
Release Date Price: $27.12 (+0.33%)
Ian Alton Zaffino
Oppenheimer & Co. Inc., Research Division - MD and Senior Analyst

Good afternoon. I'm Ian Zaffino, I'm the equity research analyst that covers Outfront Media. I have an outperform rating on the company. I have a $32 price starter. The company just reported earnings the other day, very, very strong -- raised their guidance, beat numbers, so I guess something like the 20th quarter in a row that they've beaten their guidance. So pretty impressive run by you guys. And this quarter was particularly notable for its strong growth. What sort of driven that? And maybe just give us a little bit of color on the quarter.

Questions & Answers

Jeremy J. Male
Outfront Media Inc. - Chairman & CEO

Yes. Thanks, Ian, for the introduction, and good afternoon, everyone. Yes, we have our numbers out, Monday evening after close. And in Q2, we had a revenue increase of just under 15%, similar increase in EBITDA or OIBDA and a $0.25 increase in the FFO. So strength right the way across the business, actually. Our revenues splits around about 2/3 in

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