Lamar Advertising Q3 revenue edges past estimates; raises guidance
LAMR•Lamar Advertising’s third-quarter revenue rose 6.6% to $624.47 million, slightly above analysts’ $621.86 million estimate, while adjusted EPS increased to $1.59 from $1.40 a year earlier. The company raised its 2026 AFFO per diluted share guidance to $8.87-$8.97.
1. Revenue and earnings
Lamar Advertising reported third-quarter revenue of $624.47 million, up 6.6% and slightly above the $621.86 million analyst consensus. Adjusted EPS was $1.59, compared with $1.40 a year earlier; net income was $165.02 million and adjusted EBITDA was $306.86 million.
2. Raised outlook
The company raised its 2026 AFFO per diluted share guidance to $8.87-$8.97 and forecast diluted EPS of $6.01-$6.04. It cited a strong start to the fourth quarter and demand from national customers and its digital platform.
3. Drivers of growth
CEO Sean Reilly said increased demand from national customers supported sales growth. The company also cited its digital platform and increased political advertising spend as contributors to higher third-quarter revenue.
