The earnings call highlighted Lamar's continued revenue growth and strong performance in digital and programmatic segments, supported by robust M&A activity and a strong balance sheet. However, there were some challenges, including a slight decline in adjusted EBITDA and national revenue weakness. The company's confidence in its strategic position was reflected in its share repurchase program.

Company Guidance -

Q3 2025

During the call, Lamar provided guidance indicating a positive outlook for fiscal year 2025, despite some challenges. The company achieved a 1.1% increase in acquisition-adjusted revenue for the first quarter, marking the 16th consecutive quarter of such growth. Programmatic revenue grew nearly 30%, while digital billboard revenue was up 4%, accounting for about 30% of total billboard revenue. On the acquisition front, Lamar closed 10 deals worth approximately $22 million in Q1, with a year-to-date spend surpassing $70 million and expectations to exceed $150 million by year-end. Additionally, the company repurchased $150 million of stock at an average price of just over $108 per share. Lamar maintained its full-year guidance for AFFO per share between $8.13 and $8.28 and expects total leverage to remain at or below 3 times net debt to EBITDA. The company's liquidity and capital access remain robust, with over $490 million in total liquidity at the end of Q1.

16th Consecutive Quarter of Revenue Growth

Lamar reported its 16th consecutive quarter of acquisition-adjusted revenue growth with an increase of 1.1%.

Strong Performance in Digital and Programmatic Segments

Programmatic revenue grew nearly 30%, while digital billboard revenue was up 4%, accounting for approximately 30% of total billboard revenue.

Robust M&A Activity

Lamar closed 10 deals in Q1 for about $22 million and expects to exceed $150 million in spend for the year, with year-to-date acquisitions already over $70 million.

Share Repurchase Program

The company repurchased $150 million worth of stock at an average price of $108 per share, reflecting confidence in business strength.

Solid AFFO Growth

Adjusted funds from operations (AFFO) increased by 3.8%, with diluted AFFO per share growing 3.9% to $1.60.

Strong Balance Sheet

Lamar ended the quarter with total leverage at 2.85 times net debt to EBITDA, with ample liquidity and investment capacity over $1 billion.

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
Oct 30, 2025	2025 (Q3)	1.48 / -	1.44	―	―	―
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)	―
Aug 03, 2023	2023 (Q2)	1.40 / 1.28	1.32	-3.03% (-0.04)	―

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
May 08, 2025	$116.87	$113.77	-2.65%
Feb 20, 2025	$128.46	$119.03	-7.34%
Nov 08, 2024	$129.68	$123.52	-4.75%
Aug 08, 2024	$108.39	$110.83	+2.25%

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 Company (LAMR) report earnings?

Lamar Advertising Company (LAMR) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is Lamar Advertising Company (LAMR) earnings time?

Lamar Advertising Company (LAMR) earnings time is at Oct 30, 2025, 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 (Q3) is 1.48.

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