Lamar Advertising Reports Strong Q1 2025 Earnings

Lamar Advertising Co ( (LAMR) ) has released its Q1 earnings. Here is a breakdown of the information Lamar Advertising Co presented to its investors.

Lamar Advertising Company, a major player in the outdoor advertising industry, operates a vast network of billboard and digital displays across North America. In its latest earnings report for the first quarter of 2025, Lamar Advertising reported net revenues of $505.4 million, with a significant 77.4% increase in net income to $139.2 million, primarily due to a gain from the sale of its equity interest in Vistar Media, Inc. However, the company’s adjusted EBITDA saw a slight decrease of 0.8% to $210.2 million.

The company achieved a 1.5% increase in net revenues compared to the same quarter in the previous year, driven by growth in local and programmatic advertising. Despite a decrease in adjusted EBITDA, Lamar’s AFFO rose by 3.8%, and the company remains on track to meet its full-year guidance for diluted AFFO per share. Furthermore, Lamar’s strategic share repurchase program saw significant activity, with $150 million worth of shares repurchased, leaving $100 million remaining under its current authorization.

Lamar’s liquidity position remains robust, with $491.3 million in total liquidity as of March 31, 2025. The company continues to focus on its digital deployment strategy and maintaining its status as a Real Estate Investment Trust (REIT). Looking ahead, Lamar Advertising is poised to continue its growth trajectory, leveraging its extensive digital billboard network and strategic initiatives to enhance shareholder value.