From GlobeNewswire: 2025-05-08 06:00:00

Lamar Advertising Company reported first quarter results for 2025, with net revenues at $505.4 million, net income at $139.2 million, and adjusted EBITDA at $210.2 million. This marks their 16th consecutive quarter of acquisition-adjusted revenue growth, with increases in local and programmatic advertising. The company remains on track to meet full-year guidance for diluted AFFO per share.

First quarter highlights include a 1.5% increase in net revenues, a 77.4% increase in net income, a 0.8% decrease in adjusted EBITDA, and a 3.8% increase in AFFO. Operating income rose to $191.2 million, with a significant part attributed to a gain from selling Lamar’s equity interest in Vistar Media, Inc. Diluted net income per share was $1.35 for the quarter.

Cash flow provided by operating activities increased to $127.7 million for the first quarter of 2025, while free cash flow decreased by 12.7% to $121.1 million. Lamar also reported an increase in FFO to $156.1 million and AFFO to $164.3 million, with diluted AFFO per share rising to $1.60. Acquisition-adjusted net revenue increased by 1.1% over the previous year.

As of March 31, 2025, Lamar had total liquidity of $491.3 million, with $455.2 million available for borrowing and $36.1 million in cash. During the first quarter, the company repurchased shares of its Class A common stock for a total of $18.4 million, and in April 2025, additional shares were repurchased for $131.6 million. Lamar has $100.0 million remaining under its current share repurchase authorization.

A conference call to discuss Lamar’s operating results for the first quarter of 2025 will be held on May 8, 2025, at 8:00 a.m. Central Time. Interested parties can participate by dialing 1-800-420-1271 or 1-785-424-1634 with passcode 63104. A live webcast will also be available on ir.lamar.com.

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is a leading outdoor advertising company in North America, with over 363,000 displays in the US and Canada. They offer various advertising formats, including billboards, transit, and digital displays. Lamar’s first quarter results for 2025 show continued growth and financial stability.



Read more at GlobeNewswire:: Lamar Advertising Company Announces First Quarter Ended