Lamar Advertising Company announced its first-quarter 2025 operating results, with net revenues increasing 1.5% to $505.4 million from $498.2 million in Q1 2024. Acquisition-adjusted net revenue saw an increase of 1.1%.
Net income for the quarter surged by 77.4% to $139.2 million, compared to $78.5 million in the prior year, primarily driven by a $67.7 million gain from the sale of its equity interest in Vistar Media, Inc. Diluted net income per share was $1.35.
Adjusted EBITDA decreased by 0.8% to $210.2 million, while diluted AFFO per share increased by 3.9% to $1.60. The company also reported repurchasing $18.4 million of Class A common stock in Q1 2025 and an additional $131.6 million in April 2025, totaling $150.0 million at an average price of $108.06 per share, with $100.0 million remaining under its current authorization.
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