Lamar Advertising Q1 revenue rises 4.5% to $528.0 million; net income falls 26.9%
Lamar Advertising reported first-quarter 2026 net revenues of $528.0 million, up 4.5%, and adjusted EBITDA of $226.3 million, up 7.7%. Net income fell 26.9% to $101.8 million, mainly because the prior-year period included a $67.7 million gain on the sale of its Vistar Media stake, while diluted AFFO per share rose 7.5% to $1.72.
Key points
- Net revenues were $528.0 million, up 4.5% from $505.4 million a year earlier.
- Net income was $101.8 million, or $1.00 per diluted share, versus $139.2 million, or $1.35 per diluted share, in Q1 2025.
- Diluted AFFO per share was $1.72 versus $1.60; the CEO said pacings point to the top end of previously provided full-year AFFO per share guidance.
- As of March 31, 2026, total liquidity was $701.5 million; after quarter end, the company paid down $40.0 million on its revolving credit facility.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing 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 May 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.