Boston Omaha
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Boston Omaha (BOC) investor relations material

Boston Omaha AGM 2026 presentation summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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AGM 2026 presentation summary21 Aug, 2026

Financial performance highlights

  • Revenue grew from $28.3M in 2020 to $45.9M in 2025, with a 5-year CAGR of 19.1%.

  • Adjusted EBITDA increased from $1.0M in 2020 to $13.3M in 2025, a 67.8% CAGR.

  • Unrestricted cash, US Treasuries, stocks, bonds, and investments totaled $133.9M as of YTD Q2 2026.

  • Total debt decreased from $149.3M in 2020 to $47.6M in YTD Q2 2026.

  • Total Class A & B shares outstanding rose from 27.2M in 2020 to 30.2M in YTD Q2 2026.

Segment performance and operational metrics

  • Link Media Outdoor Adjusted EBITDA reached $9.0M for the six months ended June 30, 2026.

  • Boston Omaha Broadband Adjusted EBITDA was $5.6M for the same period.

  • Fiber passings/subscribers grew from ~1,800/~400 in 2020 to ~43,200/~17,000 in YTD Q2 2026.

  • Fixed wireless subscribers increased from ~7,200 in 2020 to ~27,900 in YTD Q2 2026.

  • GIG segment fiber passings/subscribers reached ~9,300/~5,300 in YTD Q2 2026.

Strategic investments and risk factors

  • Holds significant equity in Sky Harbour Group and other public/private businesses.

  • Actively manages acquisitions, dispositions, and integration of acquired businesses.

  • Faces risks from economic, regulatory, and competitive environments, as well as cybersecurity and disaster recovery.

  • Sale of General Indemnity Group to CopperPoint Insurance Company is pending regulatory approval.

  • Uses Adjusted EBITDA as a key non-GAAP metric for internal and external performance assessment.

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Q3 202613 Nov, 2026
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Q3 202613 Nov, 2026

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Frequently asked questions

The company's outdoor advertising business includes the ownership, leasing, and management of outdoor advertising displays primarily in the southeast United States. It operates an outdoor billboard network in Atlanta, Georgia; Charlotte, North Carolina; Birmingham, Alabama; Memphis, Tennessee; and Raleigh-Durham, North Carolina. Boston Omaha Corporation was incorporated in 2009 and is headquartered in Omaha, Nebraska.