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OUTFRONT / OUTFRONT MEDIA REPORTS FIRST QUARTER 2021 RESULTS Revenues of $ 259.2 million Operating loss of $ 31.0 million Net loss attributable to OUTFRONT Media Inc. of $ 67.7 million , $ 0.52 per diluted share Adjusted OIBDA of $ 11.1 million AFFO deficit attributable to OUTFRONT Media Inc. of $ 24.5 million NEW YORK , May 4 , 2021 - OUTFRONT Media Inc. ( NYSE : OUT ) today reported results for the quarter ended March 31 , 2021 . " First quarter revenues came in as expected and , from here forward , we will be making a big forward step towards our record 2019 results , " said Jeremy Male , Chairman and Chief Executive Officer of OUTFRONT Media . " We are experiencing substantial revenue growth in all our segments in the second quarter , which will be the inflection point for both us and the industry as the world moves from stay - at - home to out - of - home . " $ in Millions , except per share amounts Revenues Organic Revenues Operating Income ( loss ) Adjusted OIBDA Net income ( loss ) before allocation to non - controlling interests Net income ( loss ) ² Earnings ( loss ) per share¹ , 2,3 Funds From Operations ( FFO ) ² Adjusted FFO ( AFFO ) ² Shares Outstanding³ Three Months Ended March 31 , 2021 $ 259.2 259.2 ( 31.0 ) 11.1 1 ( 67.6 ) ( 67.7 ) ( $ 0.52 ) ( 30.4 ) ( 24.5 ) 144.8 2020 $ 385.3 372.1 33.8 75.5 6.3 6.1 $ 0.04 44.7 40.0 144.7 Notes : See exhibits for reconciliations of non - GAAP financial measures ; 1 ) Per share for diluted earnings per share ; 2 ) References to " Net income ( loss ) " , " Earnings ( loss ) per share " , " FFO " and " AFFO " mean " Net income ( loss ) attributable to OUTFRONT Media Inc. " , " Earnings ( loss ) attributable to OUTFRONT Media Inc. per share " , " FFO attributable to OUTFRONT Media Inc. " and " AFFO attributable to OUTFRONT Media Inc. , " respectively ; 3 ) Diluted weighted average shares outstanding . First Quarter 2021 Results Consolidated Reported revenues of $ 259.2 million decreased $ 126.1 million , or 32.7 % , for the first quarter of 2021 as compared to the same prior - year period . Organic revenues decreased $ 112.9 million , or 30.3 % , reflecting the impact of the disposition of our Sports Marketing operating segment in the third quarter of 2020 and the impact of foreign exchange rates . Reported billboard revenues of $ 223.6 million decreased $ 47.3 million , or 17.5 % , due to lower average revenue per display ( yield ) resulting from the impact of the COVID - 19 pandemic on customer advertising expenditures and overall demand for our services . Organic billboard revenues decreased $ 48.1 million , or 17.7 % , for the same reasons . Reported transit and other revenues of $ 35.6 million decreased $ 78.8 million , or 68.9 % , due primarily to a decrease in yield resulting from the impact of COVID - 19 on customer advertising expenditures and overall demand for our services , and the disposition of our Sports Marketing operating segment . Organic transit and other revenues of