An outdoor display apparatus comprises a case including an inlet and an outlet, a display module disposed inside the case and including a display panel on which an image seen through at least a portion of the case is displayed, and a heat exchanger. The heat exchanger comprises a first portion located on a first flow path formed to circulate air to the display module, a second portion to receive heat from the first portion, and located on a second flow path on which outside air is heat-exchanged with air, and a phase change material provided to circulate between the first and second portions, and provided to change a phase from a fluid to a gas. The case comprises a partition wall provided to isolate the first flow path and the second flow path from each other, and the first portion and the second portion are disposed obliquely.