Lamar Advertising Q4 net revenues up 2.8% to $595.9M; FY2026 AFFO guidance $8.50-$8.70

LAMAR ADVERTISING CO/NEW

2025-FY EPS reported $5.77 revenue$2,266,214,000

Q4 net income $154.7M (vs net loss $1.0M YoY) due to prior-year ARO revision; diluted EPS $1.50.
Full-year net revenues $2.27B (+2.7%); net income $593.1M incl. $68.6M gain on Vistar Media sale.
Adjusted EBITDA Q4 $288.9M (+3.7%); full-year $1.06B (+2.4%).
FY2026 guidance: diluted EPS $5.72-$5.83, diluted AFFO per share $8.50-$8.70.
Liquidity $807M as of Dec 31, 2025; no revolver borrowings outstanding.

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