The earnings call presented a mix of positive growth in digital billboards, successful M&A activity, and strong capital market actions, against challenges in local revenue growth, a decline in political advertising, and increased operating expenses. The sentiment is balanced with notable positive and negative aspects.

Company Guidance

During the call, Lamar provided several key metrics and guidance for the upcoming period. For the third quarter of 2025, Lamar reported a consolidated revenue growth of 2.9% on an acquisition-adjusted basis, with national and programmatic growth leading at 5.5% and local growth at 1.6%. The company's digital billing increased by 5%, now comprising about 31% of billboard billing. Lamar also reported an adjusted EBITDA of $280.8 million, a 3.5% increase from the previous year, and an adjusted funds from operations (AFFO) of $226.5 million, up 2.6% year-over-year. For the full year, Lamar expects AFFO per share to be between $8.10 and $8.20. The company also highlighted its successful capital market transactions, raising a total of $1.1 billion, and plans to spend over $175 million on acquisitions, excluding the Verde acquisition, with total acquisition spending likely around $300 million for the year. Lamar reaffirmed its dividend policy and expects to distribute a regular dividend of $6.20 per share for the full year. Looking ahead, Lamar is optimistic about 2026, expecting political advertising to serve as a tailwind and maintaining strong growth momentum.

Consolidated Revenue Growth

Consolidated revenue growth improved to 2.9% on an acquisition-adjusted basis in Q3 2025, led by national/programmatic growth of 5.5%.

Digital Billboard Expansion

Digital billing grew 5% and represents about 31% of Lamar's billboard billing. The company now has over 5,400 digital billboard faces across 155 markets.

Successful M&A Activity

Lamar closed 18 purchases for nearly $47 million in Q3, with a year-to-date cash spend of $134 million and total acquisition spend expected to be around $300 million for the year.

Strong Capital Market Transactions

Lamar raised a total of $1.1 billion, refinancing a $600 million Term Loan B and issuing a $400 million senior notes offering, improving liquidity and extending debt maturity profiles.

Adjusted EBITDA and AFFO Growth

Adjusted EBITDA increased by 3.5% to $280.8 million, and adjusted funds from operations grew by 2.6% to $226.5 million.

Lamar Advertising (LAMR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LAMR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 20, 2026	2025 (Q4)	1.58 / -	-0.01	―	―	―
Nov 06, 2025	2025 (Q3)	1.52 / 1.40	1.44	-2.78% (-0.04)	―
Aug 08, 2025	2025 (Q2)	1.44 / 1.52	1.34	13.43% (+0.18)	―
May 08, 2025	2025 (Q1)	1.35 / 1.35	0.76	77.63% (+0.59)	―
Feb 20, 2025	2024 (Q4)	1.45 / -0.01	1.46	-100.68% (-1.47)	―
Nov 08, 2024	2024 (Q3)	1.41 / 1.44	1.37	5.11% (+0.07)	―
Aug 08, 2024	2024 (Q2)	1.36 / 1.34	1.28	4.69% (+0.06)	―
May 02, 2024	2024 (Q1)	0.80 / 0.76	0.74	2.70% (+0.02)	―
Feb 23, 2024	2023 (Q4)	1.35 / 1.46	0.65	124.62% (+0.81)	―
Nov 02, 2023	2023 (Q3)	1.40 / 1.37	1.44	-4.86% (-0.07)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LAMR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2025	$118.49	$119.97	+1.25%
Aug 08, 2025	$123.21	$114.07	-7.42%
May 08, 2025	$115.42	$112.36	-2.65%
Feb 20, 2025	$126.87	$117.56	-7.34%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Lamar Advertising Co (LAMR) report earnings?

Lamar Advertising Co (LAMR) is schdueled to report earning on Feb 20, 2026, Before Open (Confirmed).

What is Lamar Advertising Co (LAMR) earnings time?

Lamar Advertising Co (LAMR) earnings time is at Feb 20, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is LAMR EPS forecast?

LAMR EPS forecast for the fiscal quarter 2025 (Q4) is 1.58.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing