---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-023437"
form_type: "8-K"
ticker: "LAMR"
cik: "0001090425"
company_name: "LAMAR ADVERTISING CO/NEW"
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T03:05:41.443607+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Lamar Q1 net revenue $505.4M (+1.5% YoY); AFFO $1.60/share (+3.9%); guidance reaffirmed

## Summary
- Net income $139.2M vs. $78.5M in Q1 2024, up 77.4% driven by $67.7M gain from sale of Vistar stake.
- Adjusted EBITDA $210.2M (-0.8% YoY); AFFO $164.3M (+3.8%); diluted AFFO per share $1.60.
- Acquisition-adjusted net revenue grew 1.1%; CEO cited local and programmatic strength.
- Repurchased 164,529 shares in Q1 ($18.4M); 1.22M additional shares in April ($131.6M).
- Full-year diluted AFFO per share guidance reaffirmed based on current pacings.

## SEC filing metadata
- accession: 0001628280-25-023437
- form_type: 8-K
- ticker: LAMR
- cik: 0001090425
- company_name: LAMAR ADVERTISING CO/NEW
- filed_at: 2025-05-08T23:59:59+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/1090425/000162828025023437/0001628280-25-023437-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090425/000162828025023437/lamr-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-023437
- JSON: https://secwatch.observer/filing/0001628280-25-023437.json
- Plain text: https://secwatch.observer/filing/0001628280-25-023437.txt

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