Lamar Q2 net revenue $616.7M (+6.5% YoY); raises FY AFFO guidance to $8.75-$8.90

LAMAR ADVERTISING CO/NEW

Net income $164.6M ($1.58 diluted EPS) vs $155.0M ($1.52) in Q2 2025, up 6.2%.
Adjusted EBITDA $303.4M, up 9.0% from $278.4M; AFFO per diluted share $2.40, up 8.1%.
Acquisition-adjusted net revenue +6.1% and acquisition-adjusted EBITDA +7.3% YoY.
FY 2026 diluted AFFO per share guidance raised to $8.75-$8.90 from prior range.
Total liquidity $720.2M as of June 30, 2026, including $68.0M cash.

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