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Why Clear Channel Outdoor Stock Is Climbing Today

Why Clear Channel Outdoor Stock Is Climbing Today

Shares of Clear Channel Outdoor (NYSE: CCO) are climbing today after the outdoor advertising company posted better results than investors expected. Clear Channel, the world's largest outdoor advertising company, is benefiting from a similar recovery in ad demand that digital platforms are seeing. Revenue in the quarter jumped 68.6% to $531.1 million, easily beating analysts' consensus estimate of $496.4 million.