Every material Form 8-K Lamar Advertising filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Lamar Advertising reported third-quarter 2025 net revenues of $585.5 million, up 3.8% from a year earlier, while net income fell 2.5% to $144.1 million and diluted EPS was $1.40 versus $1.44. The company said it is on track to meet its revised full-year diluted AFFO per share guidance, but the filing does not state the revised figures. Nine-month net income rose 20.4%, mainly due to a $68.6 million gain on the sale of its Vistar Media stake.
Q3 net revenues were $585.5 million versus $564.1 million, up 3.8%; acquisition-adjusted net revenue rose 2.9%.
Q3 net income was $144.1 million, down from $147.8 million; diluted EPS was $1.40 versus $1.44.
Q3 adjusted EBITDA was $280.8 million, up 3.5%; diluted AFFO per share was $2.20, up 2.3%.
On September 23 and 25, 2025, Lamar Media completed a $700.0 million Term B Loan and $400.0 million 5 3/8% Senior Notes due 2033; total liquidity was $834.2 million at September 30, 2025.
Lamar Media Corp., a wholly owned subsidiary of Lamar Advertising, sold $400.0 million of 5.375% Senior Notes due 2033 in a private placement completed September 25, 2025, with net proceeds of about $393.5 million. The notes add new long-term debt, and the indenture contains covenants limiting additional debt, liens, asset sales and restricted payments.
Principal of $400.0 million; notes mature November 1, 2033 and pay 5.375% interest semi-annually, starting May 1, 2026
Net proceeds to Lamar Media of approximately $393.5 million
Lamar Media may redeem up to 40% before November 1, 2028 at 105.375% of principal using certain public equity offering proceeds
Lamar Media Corp., a wholly owned subsidiary of Lamar Advertising, entered Amendment No. 5 to its credit agreement on September 23, 2025, and borrowed all $700.0 million of new Term B Loans that day. Proceeds repaid $600.0 million of existing Term B Loans, with the remainder used to pay down part of the revolving credit facility. The filing does not state any change in overall borrowing capacity, and the loans mature on September 23, 2032.
Lamar Media borrowed $700.0 million in Term B Loans on September 23, 2025
$600.0 million of existing Term B Loans were repaid, with the remainder used to reduce the revolving credit facility balance
Term SOFR loans bear interest at Adjusted Term SOFR plus 1.50%; base rate loans at Adjusted Base Rate plus 0.50%
Loans mature September 23, 2032; other credit agreement terms are unchanged
Lamar Advertising reported second-quarter 2025 net revenues of $579.3 million, up 2.5%, and net income of $155.0 million, up 12.7%. The company lowered its full-year 2025 diluted AFFO per share guidance to $8.10 to $8.20 from $8.13 to $8.28, with CEO Sean Reilly citing expected revenue growth in the second half that may be smaller than anticipated at the start of the year.
Q2 2025 net revenues were $579.3 million versus $565.3 million in Q2 2024; diluted EPS was $1.52 versus $1.34
Full-year 2025 diluted AFFO per share guidance revised to $8.10 to $8.20 from $8.13 to $8.28
Q2 2025 cash flow from operations fell $26.9 million to $229.5 million; free cash flow was $199.1 million, down 2.2%
Total liquidity was $363.0 million as of June 30, 2025
Lamar Advertising reported first-quarter 2025 net revenues of $505.4 million, up 1.5%, and net income of $139.2 million, up 77.4%. The net income increase was primarily due to a $67.7 million gain on the sale of its equity interest in Vistar Media, while adjusted EBITDA slipped 0.8% to $210.2 million. Management said it remains on track to reach its previously provided full-year diluted AFFO per share guidance.
Net revenues were $505.4 million, up 1.5% from $498.2 million a year earlier
Net income was $139.2 million, including a $67.7 million gain on the sale of the Vistar Media stake
Adjusted EBITDA was $210.2 million, down 0.8%; diluted AFFO per share rose 3.9% to $1.60
In April 2025 the company repurchased shares for $131.6 million; $100.0 million remains under its current authorization
Lamar Advertising reported fourth-quarter 2024 net revenue of $579.6 million, up 4.3%, but a net loss of $1.0 million, or $(0.01) per diluted share, after a $159.7 million revision to its asset retirement obligation. For the full year, net revenue rose 4.6% to $2.21 billion, while net income fell 26.9% to $362.9 million; the company also set 2025 diluted AFFO per share guidance of $8.13 to $8.28.
Q4 2024 net revenue $579.6 million, up 4.3%; net loss $1.0 million versus net income of $149.3 million a year earlier
Full-year 2024 diluted AFFO per share $7.99, up 7.0% and above the top end of revised guidance
2025 guidance: diluted EPS $6.01 to $6.07 and diluted AFFO per share $8.13 to $8.28
Proceeds of $115.1 million from the February 3, 2025 sale of its 20% stake in Vistar Media repaid part of the revolving credit facility
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Lamar Advertising filing is on SEC EDGAR ↗. 8-K briefs of other companies →