Lamar Advertising Co ( (LAMR) ) has released its Q4 earnings. Here is a breakdown of the information Lamar Advertising Co presented to its investors.
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Lamar Advertising Company is a prominent leader in the outdoor advertising sector, operating over 360,000 displays across North America, including the largest network of digital billboards in the United States.
Lamar Advertising Company reported its financial results for the fourth quarter and year ended December 31, 2024, showing mixed performance with a notable rise in revenue but a decline in net income due to increased depreciation and amortization expenses.
Key financial highlights include a 4.3% increase in net revenue for the fourth quarter, reaching $579.6 million, while adjusted EBITDA rose by 3.9% to $278.5 million. However, the company faced a net loss of $1.0 million in the fourth quarter, primarily due to a significant adjustment in asset retirement obligations. For the full year, net revenue grew by 4.6% to $2.21 billion, with net income decreasing by 26.9% to $362.9 million after accounting for additional expenses.
Despite the challenges faced in 2024, Lamar’s management remains optimistic about the future, projecting growth in diluted AFFO per share for 2025, with expectations ranging from $8.13 to $8.28. The company aims to continue expanding its reach and improving its financial performance in the upcoming year.
