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AI brief of an SEC Form 8-K · Lamar Advertising (LAMR)

Lamar Advertising Q4 revenue up 2.8% to $595.9 million; 2026 AFFO outlook $8.50-$8.70

Positive Impact 3 of 5 earnings Written later

Lamar Advertising reported fourth-quarter and full-year 2025 results on February 20, 2026, with net revenues up 2.8% in the quarter and 2.7% for the year. Quarterly net income rose from a year-earlier loss, but the comparison is distorted by a $159.7 million asset retirement obligation charge recorded in the 2024 period, and full-year free cash flow fell 5.3%. The company guided 2026 diluted earnings per share to $5.72 to $5.83 and diluted AFFO per share to $8.50 to $8.70.

Key points

  • Q4 2025 net revenues were $595.9 million, up 2.8% from $579.6 million; net income was $154.7 million versus a net loss of $1.0 million a year earlier
  • Full-year 2025 net revenues were $2.27 billion, up 2.7%; diluted EPS was $5.77 versus $3.52, helped by a $68.6 million gain on the sale of its Vistar Media stake
  • Full-year 2025 free cash flow was $696.6 million, down 5.3%; Q4 diluted AFFO per share rose 1.4% to $2.24
  • 2026 guidance: diluted EPS of $5.72 to $5.83 and diluted AFFO per share of $8.50 to $8.70

The filing

CompanyLamar Advertising (LAMR)
Form8-K, current report
Filed with the SECFeb 20, 2026, 6:54 AM ET
Accession number0001090425-26-000006

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 20, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.