Lamar Advertising Company Reports Q2 2025 Growth Amid Guidance Adjustment

Lamar Advertising Company (NASDAQ: LAMR) posted a mixed performance in Q2 2025, with revenue climbing 2.5% year-over-year to $579.3 million. Adjusted EBITDA followed suit, rising 2.5% to $278.4 million, while net income surged 12.7% to $155 million. The company maintained its dividend at $1.55 per share despite trimming full-year AFFO guidance to $8.10–$8.20 per share following a significant contract loss.

Local and regional billboard sales dominated revenue, accounting for 79% of the total. The airport and logos division stood out with growth rates of 11.7% and 6.1%, respectively. Lamar expanded its digital footprint, adding 152 units to reach 5,255 digital billboards. A strategic UPREIT acquisition bolstered its portfolio with 1,500+ faces across 10 states.

Investors reacted cautiously, sending shares down 7.41% to $115.50 at the close on August 8, 2025, before a modest 1.30% after-hours rebound. The company's financial position remains robust, with $363 million in liquidity and a conservative 2.95x leverage ratio.