Quarterly ResultMay 7, 2026, 06:57 AM
Lamar Advertising Q1 Net Revenue $528M; AFFO +8.0% to $177.5M
AI Summary
Lamar Advertising Company reported strong first-quarter 2026 operating results, with net revenues increasing 4.5% to $528.0 million and Adjusted EBITDA rising 7.7% to $226.3 million. Adjusted Funds From Operations (AFFO) grew 8.0% to $177.5 million, and diluted AFFO per share increased 7.5% to $1.72. Net income decreased 26.9% to $101.8 million, primarily due to a significant gain from the sale of Vistar Media in the prior year. The company noted strong demand and is trending towards the top end of its full-year AFFO guidance.
Key Highlights
- Net revenues increased 4.5% to $528.0 million for the first quarter of 2026.
- Adjusted EBITDA rose 7.7% to $226.3 million for the first quarter.
- Adjusted Funds From Operations (AFFO) increased 8.0% to $177.5 million.
- Diluted AFFO per share grew 7.5% to $1.72 for the quarter.
- Net income decreased 26.9% to $101.8 million, primarily due to a prior-year gain.
- Free cash flow increased 25.8% to $152.4 million.
- Total liquidity as of March 31, 2026, was $701.5 million.
- Company is trending at the top end of its full-year AFFO per diluted share guidance.
Price Impact
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