---
schema_version: "secwatch.filing_event.v1"
accession: "0001090425-25-000008"
form_type: "8-K"
ticker: "LAMR"
cik: "0001090425"
company_name: "LAMAR ADVERTISING CO/NEW"
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:21:10.441287+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Lamar Q3 net revenues $585.5M (+3.8% YoY), AFFO per share $2.20, guidance on track

## Summary
- Net revenues $585.5M (+3.8% YoY); net income $144.1M (-2.5% YoY); diluted EPS $1.40 vs $1.44.
- Adjusted EBITDA $280.8M (+3.5% YoY); AFFO $226.5M (+2.6% YoY).
- Diluted AFFO per share $2.20 (+2.3%); full-year AFFO per share guidance reaffirmed on track.
- Recent refinancing: $700M Term B loans (maturity 2032) and $400M 5.375% Senior Notes due 2033.
- Total liquidity $834.2M at Sep 30, 2025; no revolver borrowings outstanding.

## SEC filing metadata
- accession: 0001090425-25-000008
- form_type: 8-K
- ticker: LAMR
- cik: 0001090425
- company_name: LAMAR ADVERTISING CO/NEW
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090425/000109042525000008/0001090425-25-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090425/000109042525000008/lamr-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001090425-25-000008
- JSON: https://secwatch.observer/filing/0001090425-25-000008.json
- Plain text: https://secwatch.observer/filing/0001090425-25-000008.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.