Business
Lamar Advertising Company Announces Second Quarter Ended June 30, 2025 Operating Results
Three Month Results Net revenues were $579.3 millionNet income was $155.0 millionAdjusted EBITDA was $278.4 million Six Month Results Net revenues were $1.08
About this update from Lamar Advertising Company
[{"type":"text","content":"Three Month Results Net revenues were $579.3 millionNet income was $155.0 millionAdjusted EBITDA was $278.4 million Six Month Results Net revenues were $1.08 billionNet income was $294.2 millionAdjusted EBITDA was $488.6 million BATON ROUGE, La., Aug. 08, 2025 (GLOBE NEWSWIRE) -- Lamar Advertising Company (the “Company” or “Lamar”) (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces the Company’s operating results for the second quarter ended June 30, 2025. \"Revenue growth accelerated slightly in the second quarter, with increases on both the national and local levels. Meanwhile, in early July we completed a milestone acquisition, with the first-ever UPREIT transaction in the billboard industry,\" Lamar chief executive Sean Reilly said. \"Our pacings indicate further year-over-year improvement in revenues is likely in the second half of 2025, though perhaps not to the degree that we'd anticipated entering the year. As a result, we've slightly revised our guidance for full-year diluted AFFO per share from a range of $8.13 to $8.28 per share to a range of $8.10 to $8.20 per share.” Second Quarter Highlights Net revenues increased 2.5%Net income increased 12.7%Adjusted EBITDA increased 2.5%AFFO increased 5.5% Second Quarter Results Lamar reported net revenues of $579.3 million for the second quarter of 2025 versus $565.3 million for the second quarter of 2024, a 2.5% increase. Operating income for the second quarter of 2025 increased $13.5 million to $197.7 million as compared to $184.2 million for the same period in 2024. Lamar recognized net income of $155.0 million for the second quarter of 2025 as compared to net income of $137.6 million for the same period in 2024, an increase of $17.4 million. Net income per diluted share was $1.52 and $1.34 for the three months ended June 30, 2025 and 2024, respectively. Adjusted EBITDA for the second quarter of 2025 was $278.4 million versus $271.6 million for the second quarter of 2024, an increase of 2.5%. Cash flow provided by operating activities was $229.5 million for the three months ended June 30, 2025 versus $256.3 million for the second quarter of 2024, a decrease of $26.9 million. Free cash flow for the second quarter of 2025 was $199.1 million as compared to $203.5 million for the same period in 2024, a 2.2% decrease. For the sec...