Clear Channel Outdoor Holdings reported second-quarter 2026 financial results while advancing its pending $2.43-per-share take-private merger with a consortium advised by Mubadala Capital, expected to close by the end of Q3 2026. The company completed the sale of its Spain business for approximately $132.3 million on August 4, 2026, intending to use net proceeds to reduce debt. Second-quarter revenue increased 8.7% year-over-year to $438.0 million, driven by the FIFA World Cup and strong digital demand in the America and Airports segments. Adjusted EBITDA rose 11.6% to $143.4 million, while the company reported a net loss of $5.0 million due to significant merger-related transaction costs. The company will not host an earnings call or provide guidance given the impending acquisition. Clear Channel Outdoor Holdings operates in the out-of-home advertising industry, managing billboards and airport displays.