LAMR Q3 2025 Earnings
Reported Nov 6, 2025 at 6:55 AM ET · SEC Source
Q3 25 EPS
$1.40
MISS 5.30%
Est. $1.48
Q3 25 Revenue
$585.5M
BEAT +0.26%
Est. $584.0M
vs S&P Since Q3 25
+24.1%
BEATING MARKET
LAMR +33.4% vs S&P +9.4%
Market Reaction
Did LAMR Beat Earnings? Q3 2025 Results
Lamar Advertising delivered a mixed third quarter for fiscal 2025, nudging past revenue expectations while falling short on the bottom line. The outdoor advertising giant posted net revenues of $585.54 million, up 3.8% year-over-year and just ahead o… Read more Lamar Advertising delivered a mixed third quarter for fiscal 2025, nudging past revenue expectations while falling short on the bottom line. The outdoor advertising giant posted net revenues of $585.54 million, up 3.8% year-over-year and just ahead of the $584.00 million consensus, but diluted EPS of $1.40 missed the $1.48 analyst estimate by 5.30%, slipping from $1.44 a year ago as higher interest expenses and a $2.01 million loss on debt extinguishment tied to the company's substantial refinancing activities weighed on net income. The REIT-focused metrics told a steadier story, with adjusted EBITDA climbing 3.5% to $280.77 million and diluted AFFO per share rising 2.3% to $2.20, the figures institutional investors typically prioritize. A near-doubling of digital billboard capital expenditures to $25.17 million underscored the company's continued buildout of its digital display network. CEO Sean Reilly pointed to an uptick in national advertising sales and holiday-season momentum as reasons for confidence, affirming Lamar remains on track to meet its revised full-year diluted AFFO per share guidance.
Key Takeaways
- • Uptick in national advertising sales
- • Acquisition-adjusted revenue growth of 2.9%
- • Adjusted EBITDA growth of 3.5%
- • AFFO growth of 2.6%
- • Digital billboard expansion driving capex investment
LAMR YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
“We delivered solid results in the third quarter, with an impressive uptick in national sales and consolidated year-over-year revenue growth improving to 2.9% on an acquisition-adjusted basis. In addition, we like the strength we are seeing in the holiday season and our momentum going into next year.”
— Sean Reilly, Q3 2025 Earnings Press Release
LAMR Earnings Trends
LAMR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LAMR EPS Trend
Earnings per share: estimate vs actual
LAMR Revenue Trend
Quarterly revenue: estimate vs actual
LAMR Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.84 | $1.00 | +19.26% | $528.0M | +1.06% |
| Q4 25 MISS FY | $1.57 | $1.50 | -4.42% | $595.9M | +0.55% |
| FY Full Year | — | $5.77 | — | $2.27B | — |
| Q3 25 MISS | $1.48 | $1.40 | -5.30% | $585.5M | +0.26% |
| Q2 25 BEAT | $1.48 | $1.52 | +2.36% | $579.3M | -0.26% |