Lamar Advertising 2025 Q2 Earnings Net Income Surges 12.7%

Lamar Advertising (LAMR) reported its fiscal 2025 Q2 earnings on Aug 08th, 2025. The company delivered strong results, with both revenue and earnings growth above expectations. Lamar raised its full-year guidance, reflecting confidence in its operational performance and acquisition-adjusted revenue momentum.

Lamar Advertising reported total revenue of $579.31 million in 2025 Q2, representing a 2.5% increase compared to $565.25 million in the same quarter of the previous year. This growth reflects continued strength in the company’s core outdoor advertising markets.

The company’s profitability showed notable improvement, with net income surging to $155.02 million in 2025 Q2, a 12.7% increase from $137.59 million in the prior year. Earnings per share (EPS) also rose by 13.4% year-over-year, reaching $1.52 in Q2 2025 compared to $1.34 in Q2 2024. The performance marks a record high for fiscal Q2 net income in over two decades, underscoring Lamar’s strong operational efficiency and pricing power.

The stock price of Lamar Advertising experienced a decline, with shares down 3.75% during the latest trading day, 4.47% during the most recent full trading week, and 7.21% month-to-date.

In the 30-day post-earnings period, a strategy of buying Lamar shares following a revenue increase and holding for 30 days achieved a 38.13% return. However, the strategy underperformed the benchmark by 12.05% over the past three years. The Sharpe ratio was 0.43, indicating a reasonable risk-adjusted return, while the maximum drawdown remained at 0.00%, showing no downside risk in the observed period.

CEO Sean E. Reilly highlighted Lamar Advertising’s 17th consecutive quarter of acquisition-adjusted revenue growth, noting strong performance in billboards, airports, and logo placements. He attributed the 1.9% year-over-year revenue growth to strength in the services, financial, and construction sectors. Reilly also mentioned weaker performance in beverages and telecom. He emphasized the recent successful UPREIT transaction with Verde Outdoor and the ongoing use of share repurchases to optimize capital. Reilly expressed cautious optimism for the remainder of the year, acknowledging the potential acceleration in revenue growth but noting the challenge of October’s political advertising comparisons. He reiterated the company’s focus on maintaining a strong balance sheet and disciplined M&A activity.

Sean E. Reilly and CFO Jay Lecoryelle Johnson revised full-year 2025 AFFO per share guidance to a range of $8.10 to $8.20, reflecting Lamar’s acquisition-adjusted revenue growth and strong operational performance. The company expects total capital expenditures of approximately $200 million in 2025, with $60 million allocated for maintenance. Lamar anticipates $152 million in cash interest expenses for the year and plans to maintain leverage at or below 3x net debt-to-EBITDA. The company also expects to pay a $1.55 per share quarterly dividend, resulting in a full-year dividend of at least $6.20 per share.

Additional News
In recent non-earnings-related developments, Nigeria’s foreign direct investment (FDI) has dropped by 70% in three months, according to recent economic reports. In the Nigerian political landscape, Rivers stakeholders have urged President Tinubu to halt the local government election and reinstate former governor Peter Fubara. Meanwhile, in the business sector, Sterling HoldCo directors have invested N341.6 million in company shares, signaling continued confidence in the firm’s financial direction.