Filing Flows › Lamar Advertising (LAMR) › Q1 2025
Lamar Advertising (LAMR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Lamar Advertising (LAMR) reported revenue of $505M for the first quarter 2025 (Q1 2025), +1% from a year earlier and -13% from the quarter before. Operating margin was 37.8%, net earnings $139M (27.5% of revenue).
Lamar Advertising, Q1 2025: revenue $505M (+2% year over year), operating margin 37.8%, net earnings $139M, operating cash flow $128M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $505M | -13% | +1% |
| Operating profit | $191M | +422% | +53% |
| Net earnings | $139M | — | +77% |
| Operating cash flow | $128M | -54% | +16% |
| Free cash flow | $97.9M | -59% | +21% |
What changed
Revenue was $505.4M in Q1 2025, up 1% year over year and down 13% from the previous quarter. Billboard advertising was the largest line at 88% of revenue. Billboard advertising added $5.5M year over year (up 1%), 76% of the total change.
Operating profit was $191.2M, a 37.8% margin (up 12.8 points year over year). Of the extra revenue versus a year earlier, 915% reached operating profit, above the 25% margin then. Total costs fell 16% while revenue rose 1%. Net earnings were $138.8M, up 77% year over year. The effective tax rate was 9.5%.
Operating cash flow was $127.7M (up 16% year over year), 92% of net earnings. Non-cash charges added back $77.8M of depreciation and amortization and $10.6M of share-based compensation. Working capital and other items used $99.9M. Capital expenditures of $29.9M left free cash flow of $97.9M.
Questions
What was Lamar Advertising's revenue in the first quarter 2025?
Lamar Advertising (LAMR) reported revenue of $505M for the first quarter 2025 (Q1 2025), +1% from a year earlier and -13% from the quarter before.
Was Lamar Advertising profitable in the first quarter 2025?
Operating profit was $191M (37.8% of revenue) and net earnings $139M.
Source: Lamar Advertising 10-Q on SEC EDGAR.