LAMR Q4 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

Lamar Advertising delivered a mixed fourth quarter for fiscal 2025, edging past revenue expectations while falling short on the bottom line. The outdoor advertising giant posted revenue of $595.93 million, a 2.8% year-over-year increase that nudged p… Read more Lamar Advertising delivered a mixed fourth quarter for fiscal 2025, edging past revenue expectations while falling short on the bottom line. The outdoor advertising giant posted revenue of $595.93 million, a 2.8% year-over-year increase that nudged past the $592.70 million consensus estimate by 0.55%, but earnings per share of $1.50 trailed the $1.57 analyst forecast by 4.42%. The quarter's results reflected steady organic momentum against a difficult comparison, as Q4 2024 had benefited from elevated political advertising spend. Adjusted EBITDA grew 3.7% to $288.87 million, offering a cleaner read on underlying performance, while free cash flow dipped 4.3% to $187.14 million as the company stepped up capital expenditures, particularly for digital billboard conversions, with digital spend rising to $27.45 million from $21.39 million a year earlier. Shares have recently touched a new 52-week high, reflecting broader investor confidence, and management backed that sentiment with FY2026 guidance for diluted AFFO per share of $8.50 to $8.70, citing continued strength in both local and national advertising pacings.