America segment
“10-K Item 1: 'The America segment contributed 75%, 76% and 77% of our revenue from continuing operations in 2025, 2024 and 2023, respectively.'”
Updated
The most significant concentration Clear Channel Outdoor Holdings, discloses is America segment at 75%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: Clear Channel Outdoor Holdings,’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1: 'The America segment contributed 75%, 76% and 77% of our revenue from continuing operations in 2025, 2024 and 2023, respectively.'”
“10-K Item 1: 'digital assets accounted for approximately 8% of our inventory but generated 44% of our revenue for the year'”
Clear Channel Outdoor's revenue is heavily concentrated by segment and, within that, by display type. The America segment contributed 75% of revenue from continuing operations in 2025, a structural feature of the company's current portfolio mix following its shift toward domestic operations. Within that base, digital displays are disproportionately productive: digital assets accounted for approximately 8% of inventory but generated 44% of revenue for the year — meaning a small fraction of the physical asset base drives nearly half of revenue. Both concentrations are structural rather than counterparty-specific; there is no single customer, supplier, or geography named as a dependency risk here. But the digital-display concentration is the more consequential of the two for the investment case: because so much revenue is generated by such a small slice of inventory, any disruption to digital display operations — technical, regulatory, or competitive — would have an outsized effect relative to its physical footprint. The America segment's 75% share, by contrast, simply reflects the company's current geographic business mix rather than an emerging or unusual risk.
For the engine’s reasoning on CCO’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| APP | Applovin Corporation | 1 | 1 | 0 | 2 |
| CCO● | Clear Channel Outdoor Holdings, | 1 | 1 | 0 | 2 |
| EEX | Emerald Holding, Inc. | 1 | 0 | 1 | 2 |
| DV | DoubleVerify Holdings, Inc. | 0 | 1 | 0 | 1 |
| ADV | Advantage Solutions Inc. | 0 | 0 | 1 | 1 |
| CRTO | Criteo S.A. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.