Lamar Advertising Q4 AFFO $2.24 Tops Estimate; Q4 Revenue $595.9M
Lamar Advertising reported Q4 2025 AFFO per share of $2.24, surpassing the $2.18 estimate and up from $2.21 a year earlier. Quarterly net revenue rose 2.8% to $595.9 million but missed forecasts by 0.24%, and management issued its full-year 2026 AFFO guidance range.
1. Q4 AFFO Performance
Lamar Advertising reported adjusted funds from operations (AFFO) per share of $2.24 for Q4 2025, topping the $2.18 consensus estimate and rising from $2.21 in the year-ago period. Results reflect year-over-year growth in top-line performance and an uptick in both local and national sales.
2. Revenue and 2026 Guidance
Net revenue increased 2.8% year-over-year to $595.9 million but fell 0.24% short of consensus forecasts. Management also provided a full-year 2026 AFFO per share guidance range, underscoring expectations for continued operational momentum.