| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 528.00 | 4.5% |
| Total Income | 528.00 | 4.5% |
| Expenditure | 381.94 | 21.6% |
| PBT | 105.90 | 31.1% |
| Net Profit | 101.29 | 27.0% |
| OPM | 27.66% | 10.17pp |
| NPM | 19.18% | 8.27pp |
| EPS | 1.00 | 25.9% |
Lamar Advertising Reports Q1 2026 Net Revenues of $528.0 Million
07 May 2026 · 7 May, 4:27 pm
Summary
Lamar Advertising Company announced its operating results for the first quarter ended March 31, 2026. Net revenues increased by 4.5% to $528.0 million compared to the same period in 2025. Net income decreased by 26.9% to $101.8 million, primarily due to the gain from the sale of Lamar’s equity interest in Vistar Media, Inc. in 2025. Adjusted EBITDA increased by 7.7% to $226.3 million. Lamar's chief executive, Sean Reilly, noted strong demand from local and national customers and that first-quarter results surpassed internal forecasts.
Key Highlights
- 1
Lamar Advertising Company reported net revenues of $528.0 million for the first quarter of 2026, an increase of 4.5% compared to the first quarter of 2025.
- 2
Net income for the first quarter of 2026 was $101.8 million, a decrease of 26.9% compared to the same period in 2025.
- 3
Adjusted EBITDA for the first quarter of 2026 increased 7.7% to $226.3 million compared to $210.2 million in the first quarter of 2025.
- 4
Free cash flow for the first quarter of 2026 increased 25.8% to $152.4 million compared to $121.1 million for the same period in 2025.
- 5
Diluted AFFO per share increased 7.5% to $1.72 for the three months ended March 31, 2026, as compared to $1.60 for the same period in 2025.
- 6
Acquisition-adjusted net revenue for the first quarter of 2026 increased 3.9% over acquisition-adjusted net revenue for the first quarter of 2025.
- 7
As of March 31, 2026, Lamar had $701.5 million in total liquidity.
Management Comments
Sean Reilly
Our year is shaping up quite nicely, with strong demand from local and particularly national customers. Our first-quarter results surpassed our internal forecasts, and our pacings have us trending at the top end of our previously provided guidance for full-year AFFO per diluted share. “
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