---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-006550"
form_type: "8-K"
ticker: "LAMR"
cik: "0001090425"
company_name: "LAMAR ADVERTISING CO/NEW"
filed_at: "2025-02-20T23:59:59+00:00"
generated_at: "2026-05-26T07:58:40.391975+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lamar Q4 net loss $1M on ARO revision; full-year AFFO $7.99/share; 2025 AFFO guidance $8.13-$8.28

## Summary
- Q4 net revenue $579.6M (+4.3% YoY); net loss $(1.0)M due to $159.7M ARO revision; excluding ARO, net income up 6.3%.
- Full-year 2024: net revenue $2.21B (+4.6%); net income $362.9M (down 26.9%) on ARO; adj. EBITDA $1.03B (+4.8%); diluted AFFO per share $7.99, above guidance.
- 2025 guidance: diluted AFFO per share $8.13-$8.28; net income per diluted share $6.01-$6.07; expects growth in AFFO.
- Received $115.1M cash from sale of 20% Vistar Media stake to T-Mobile; proceeds used to reduce revolver balance to $119M.

## SEC filing metadata
- accession: 0001628280-25-006550
- form_type: 8-K
- ticker: LAMR
- cik: 0001090425
- company_name: LAMAR ADVERTISING CO/NEW
- filed_at: 2025-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090425/000162828025006550/0001628280-25-006550-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090425/000162828025006550/lamr-20250220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-006550
- JSON: https://secwatch.observer/filing/0001628280-25-006550.json
- Plain text: https://secwatch.observer/filing/0001628280-25-006550.txt

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