OUTFRONT Media Inc. (OUT) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript

SA Transcripts158.8K FollowersFollow5ShareSaveCommentsQ4: 2026-02-25 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallTranscriptEPS of $0.52 beats by $0.02 | Revenue of $513.30M (4.08% Y/Y) beats by $1.69M OUTFRONT Media Inc. (OUT) Morgan Stanley Technology, Media & Telecom Conference 2026 March 4, 2026 11:30 AM EST Company Participants Nicolas Brien - CEO & Director Conference Call Participants Cameron McVeigh - Morgan Stanley, Research Division Presentation Cameron McVeighMorgan Stanley, Research Division [ Let's ] get started. Before we do, I'll read this. For important disclosures, please see the Morgan Stanley research disclosure website. If you have any questions, please reach out to your Morgan Stanley sales representative. Okay. My name is Cameron McVeigh. I cover advertising stocks here at Morgan Stanley. Pleased to welcome Nick Brien, OUTFRONT's CEO, to the conference. Nicolas BrienCEO & Director Thank you. Thank you, Cameron. Nice to be here. I appreciate it. Cameron McVeighMorgan Stanley, Research Division Great to have you here. Nicolas BrienCEO & Director Yes. Question-and-Answer Session Cameron McVeighMorgan Stanley, Research Division Now Nick, to get started, results have been pretty solid past 2 quarters. And you described having some good visibility into 2026. Your recent guidance is for double-digit AFFO growth and mid-single to high single-digit first quarter revenue growth. Could you walk us through maybe the key building blocks of the guide and what gives you confidence in the trajectory? Nicolas BrienCEO & Director Well, we gave -- well, thank you for that question. We gave very detailed background to our results on the earnings call. Matt went through that in detail. And I think ultimately, if we talk about our guidance on AFFO, a lot of that stems from what we're going to be able to do on our OIBDA and managing our cost base, but ultimately, the revenue. And when we look -- when I look at the run rate and I look at the forecast, and we have very rigorous pipeline meetings on a very frequent basis. And I can look at the individual categories. I'm just -- I'm feeling very confident