---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-039118"
form_type: "8-K"
ticker: "LAMR"
cik: "0001090425"
company_name: "LAMAR ADVERTISING CO/NEW"
filed_at: "2025-08-08T23:59:59+00:00"
generated_at: "2026-05-17T16:08:27.150754+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lamar Q2 net revenue $579.3M (+2.5%); revises FY2025 AFFO guidance lower

## Summary
- Q2 net income $155.0M ($1.52 diluted) vs $137.6M in 2024; adjusted EBITDA $278.4M (+2.5%).
- Q2 AFFO per diluted share $2.22 (+6.7% YoY); YTD AFFO per share $3.81 (+5.0%).
- Revised FY2025 guidance: diluted AFFO per share $8.10-$8.20 (prev $8.13-$8.28); net income per share $6.09-$6.11.
- Completed UPREIT acquisition of Verde Outdoor assets with over 1,500 billboard faces across ten states for 1.1875M common units.
- CEO cites revenue growth accelerated but expects slower H2 improvement; liquidity $363M as of June 30.

## SEC filing metadata
- accession: 0001628280-25-039118
- form_type: 8-K
- ticker: LAMR
- cik: 0001090425
- company_name: LAMAR ADVERTISING CO/NEW
- filed_at: 2025-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090425/000162828025039118/0001628280-25-039118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090425/000162828025039118/lamr-20250808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-039118
- JSON: https://secwatch.observer/filing/0001628280-25-039118.json
- Plain text: https://secwatch.observer/filing/0001628280-25-039118.txt

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