Logotype for Lamar Advertising Company

Lamar Advertising Company (LAMR) investor relations material

Lamar Advertising Company Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Lamar Advertising Company
Q2 2025 earnings summary8 Aug, 2025

Executive summary

  • Net revenues for Q2 2025 were $579.3M, up 2.5% year-over-year, with both local and national growth; net income rose 12.7% to $155.0M.

  • Adjusted EBITDA for Q2 2025 was $278.4M, up 2.5% year-over-year; AFFO for Q2 was $225.3M, up 5.5%.

  • For the first half of 2025, net income rose 36.2% to $294.2M, with net revenues at $1.08B and adjusted EBITDA at $488.6M.

  • A milestone UPREIT acquisition was completed in July, adding over 1,500 billboard faces.

  • The operating environment remains solid but not spectacular, with some advertiser caution and uncertainty.

Financial highlights

  • Q2 2025 net income per diluted share was $1.52, up from $1.34 in Q2 2024; six-month diluted EPS was $2.87, up from $2.10.

  • Free cash flow for Q2 2025 was $199.1M, down 2.2% year-over-year; six-month free cash flow was $320.2M, down 6.4%.

  • Adjusted EBITDA margin for Q2 2025 was 48.0%.

  • AFFO per share for Q2 2025 was $2.22, up 6.7%; six-month AFFO per share was $3.81, up 5.0%.

  • Operating income for the first half of 2025 was $388.9M, up $80.1M year-over-year.

Outlook and guidance

  • Full-year 2025 diluted AFFO per share guidance revised to $8.10–$8.20, down from $8.13–$8.28.

  • Net income per diluted share for 2025 expected between $6.09 and $6.11.

  • Dividend policy remains to distribute 100% of taxable income, with at least $6.20 per share expected for the year.

  • Management expects continued year-over-year revenue improvement in H2 2025, though at a slower pace.

  • 91% of Q3 and 88% of full-year revenue expectations already booked.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Lamar Advertising Company earnings date

Logotype for Lamar Advertising Company
Q3 20256 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Lamar Advertising Company earnings date

Logotype for Lamar Advertising Company
Q3 20256 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Lamar Advertising is one of the largest outdoor advertising companies in North America, offering thousands of displays across the continent. It offers businesses a variety of billboard, interstate logo, transit and airport advertising opportunities to reach broad audiences every day. In addition to traditional out-of-home inventory, the company is proud to offer its customers the largest network of digital billboards in the United States. With a diverse inventory of billboard, interstate logo, transit and airport advertising formats, the company reaches an extensive audience every day.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage