Lamar Advertising Q1 revenue slightly beats estimates

Lamar Advertising

07/05/2026 11:16

Overview

U.S. outdoor advertising firm's Q1 revenue rose 4.5%, slightly beating analyst expectations

Adjusted EBITDA for Q1 grew 7.7% year-over-year

Net income declined 26.9% due to prior-year gain from Vistar Media sale

Outlook

Lamar says pacings trending at top end of prior full-year AFFO per share guidance

Company reports strong demand from local and national customers for outdoor advertising

Result Drivers

ADVERTISER DEMAND - Co said strong demand from local and especially national advertisers drove Q1 results, per CEO Sean Reilly

ORGANIC GROWTH - Acquisition-adjusted net revenue rose 3.9%, reflecting underlying growth excluding acquisitions and divestitures

PRIOR-YEAR GAIN IMPACT - Net income declined due to a $67.7 mln gain in Q1 2025 from the sale of Vistar Media, not from weaker operations

Company press release: ID:nGNX7gh8Q2

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$528.004 mln
$522.86 mln (4 Analysts)
Q1 EPS
$1
Q1 Net Income
$101.85 mln
Q1 Adjusted EBITDA
$226.33 mln
Q1 Free Cash Flow
$152.35 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Lamar Advertising Co is $145.00, about 2.7% above its May 6 closing price of $141.15

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)