Filing Flows › Lamar Advertising (LAMR) › Q2 2025
Lamar Advertising (LAMR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Lamar Advertising (LAMR) reported revenue of $579M for the second quarter 2025 (Q2 2025), +2% from a year earlier and +15% from the quarter before. Operating margin was 34.1%, net earnings $154M (26.6% of revenue).
Lamar Advertising, Q2 2025: revenue $579M (+2% year over year), operating margin 34.1%, net earnings $154M, operating cash flow $229M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $579M | +15% | +2% |
| Operating profit | $198M | +3% | +7% |
| Net earnings | $154M | +11% | +12% |
| Operating cash flow | $229M | +80% | -10% |
| Free cash flow | $191M | +95% | -18% |
What changed
Revenue was $579.3M in Q2 2025, up 2% year over year and up 15% from the previous quarter. Billboard advertising was the largest line at 88% of revenue. Billboard advertising added $10.2M year over year (up 2%), 72% of the total change.
Operating profit was $197.7M, a 34.1% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 96% reached operating profit, above the 33% margin then. Total costs grew 0% against revenue growth of 2%. Net earnings were $154.4M, up 12% year over year. The effective tax rate was 1.5%.
Operating cash flow was $229.5M (down 10% year over year), 148% of net earnings. Non-cash charges added back $78.1M of depreciation and amortization and $7.1M of share-based compensation. Capital expenditures of $38.2M left free cash flow of $191.3M.
Questions
What was Lamar Advertising's revenue in the second quarter 2025?
Lamar Advertising (LAMR) reported revenue of $579M for the second quarter 2025 (Q2 2025), +2% from a year earlier and +15% from the quarter before.
Was Lamar Advertising profitable in the second quarter 2025?
Operating profit was $198M (34.1% of revenue) and net earnings $154M.
Source: Lamar Advertising 10-Q on SEC EDGAR.