Revenues came in at $650m, rising by $18m to $289.3m in America and by $23m to $360m in international markets. Operating expenses climbed by 5% to $511.4m.
On Clear Channel's preferred operating profitability measure, OIBDAN*, operating income increased 16% to $116.7m.
Tom Casey, executive vice-president and chief financial officer, said: "The global advertising climate continued to improve in the outdoor sector and we saw strength across most of our displays in the Americas, as well as gains in street furniture in several international markets."
Casey and company secretary Robert H Walls Jr were appointed on 31 March to handle the responsibilities of Clear Channel Outdoor Holdings, as chief executive officer and president respectively on an interim basis.
On the same date, Mark Mays, who had decided to switch roles to chairman, stopped serving as chief executive and president of the company.
The same changes apply to Clear Channel Outdoor Holdings' parent company, Clear Channel Media Holdings, and sister radio company Clear Channel Communications.
The board of directors of CCMH are still looking for a replacement for Mays.
In 2010 Clear Channel Outdoor Holdings reported a 4% rise in revenue to $2.8bn and reduced its net loss to $87.5m from $868.2m in 2009.
*Clear Channel defines OIBDAN as consolidated net income (loss) adjusted to exclude non-cash compensation expense and the following line items presented in its Statement of Operations: Income tax benefit (expense); Other income (expense) – net; Equity in earnings (loss) of nonconsolidated affiliates; Gain (loss) on marketable securities; Interest expense; Other operating income (expense) – net; D&A; and Impairment Charge.
On Clear Channel's preferred operating profitability measure, OIBDAN*, operating income increased 16% to $116.7m.
Tom Casey, executive vice-president and chief financial officer, said: "The global advertising climate continued to improve in the outdoor sector and we saw strength across most of our displays in the Americas, as well as gains in street furniture in several international markets."
Casey and company secretary Robert H Walls Jr were appointed on 31 March to handle the responsibilities of Clear Channel Outdoor Holdings, as chief executive officer and president respectively on an interim basis.
On the same date, Mark Mays, who had decided to switch roles to chairman, stopped serving as chief executive and president of the company.
The same changes apply to Clear Channel Outdoor Holdings' parent company, Clear Channel Media Holdings, and sister radio company Clear Channel Communications.
The board of directors of CCMH are still looking for a replacement for Mays.
In 2010 Clear Channel Outdoor Holdings reported a 4% rise in revenue to $2.8bn and reduced its net loss to $87.5m from $868.2m in 2009.
*Clear Channel defines OIBDAN as consolidated net income (loss) adjusted to exclude non-cash compensation expense and the following line items presented in its Statement of Operations: Income tax benefit (expense); Other income (expense) – net; Equity in earnings (loss) of nonconsolidated affiliates; Gain (loss) on marketable securities; Interest expense; Other operating income (expense) – net; D&A; and Impairment Charge.
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