Lamar Advertising Company announced its second-quarter 2025 operating results, reporting net revenues of $579.3 million, a 2.5% increase from $565.3 million in Q2 2024. Net income for the quarter was $155.0 million, up from $137.6 million in the prior year.
Diluted Adjusted Funds From Operations (AFFO) per share increased by 6.7% to $2.22 for the three months ended June 30, 2025, compared to $2.08 in Q2 2024. Adjusted EBITDA for the quarter rose by 2.5% to $278.4 million.
The company revised its full-year 2025 diluted AFFO guidance from a range of $8.13 to $8.28 per share to a new range of $8.10 to $8.20 per share. This adjustment reflects updated expectations for revenue growth in the second half of 2025.
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