Clear channel outdoor q1 revenue up 8.5% to $295.8 mln

Clear channel outdoor holdings, inc. reports results for 2020 first quarter.q1 revenue rose 8.5 percent to $295.8 million.q1 revenue estimate $541 million -- refinitiv ibes data.clear channel outdoor holdings - expect q2 revenues and adjusted ebitda will still be affected by impact of covid-19.clear channel outdoor - goal to achieve operating cost savings in excess of $100 million & capital expenditure savings in excess of $25 million during q2.clear channel outdoor - believe have financial flexibility to meet working capital, capital expenditure, other funding requirements for next 12 months.clear channel outdoor - consolidated net loss was $289.2 million and $169.6 million during 3 months ended march 31, 2020 and 2019, respectively.
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