Lamar Advertising Q2 revenue just misses estimates, cuts guidance

Lamar Advertising

08/08/2025 11:08

Overview

Lamar Q2 net revenue rises 2.5% but misses analyst expectations

Adjusted EBITDA for Q2 beats analyst estimates, per LSEG data

Company completed milestone UPREIT acquisition in billboard industry

Outlook

Lamar anticipates continued revenue growth in H2 2025, but not to degreethe expected at start of the year

Lamar revises 2025 diluted AFFO per share to $8.10-$8.20

Company expects 2025 net income per diluted share of $6.09-$6.11

Result Drivers

REVENUE GROWTH - Lamar reports slight acceleration in revenue growth at national and local levels

ACQUISITION IMPACT - Completed milestone UPREIT acquisition expected to contribute to future revenue growth

GUIDANCE REVISION - Company revises full-year diluted AFFO per share guidance slightly downward

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$579.31 mln
$580.70 mln (4 Analysts)
Q2 EPS
$1.52
Q2 Net Income
$155.02 mln
Q2 Adjusted EBITDA
Beat
$278.38 mln
$277.80 mln (4 Analysts)
Q2 Free Cash Flow
$199.08 mln


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"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for Lamar Advertising Co is $135.00, about 7.6% above its August 7 closing price of $124.75

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nGNX5vPGNt

(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.)