Strong Transit Segment Growth
Transit revenue grew 24% in Q3 2025, led by the New York MTA with a 37% increase, driven by large campaigns in tech, finance, CPG, pharma, and health categories.
Significant Increase in Digital Revenue
Digital transit revenues grew over 50% to $56 million. Combined digital revenue performance grew over 12% in the quarter, representing 35.4% of total revenues.
Impressive OIBDA and AFFO Growth
Consolidated OIBDA was up 17% to $137 million, and AFFO was up 24% to $100 million.
Billboard Adjusted OIBDA Margin Improvement
Billboard adjusted OIBDA margin increased by 170 basis points year-over-year to 39.5%.
Increased AFFO Guidance
AFFO guidance for the full year 2025 is raised to high single-digit growth, up from mid-single-digit expectation.