Lamar Advertising Reports Q3 Results, Raises 2026 AFFO Guidance
Lamar reported Q3 2026 net revenues of $624.5 million, up 6.6% year over year, and net income of $165.0 million, up 14.5%. Adjusted EBITDA rose 9.3% to $306.9 million. The company raised full-year AFFO per diluted share guidance to $8.87–$8.97.
Lamar Advertising Company reported net revenues of $624.5 million for the third quarter of 2026, representing a 6.6% increase compared to the same period in 2025. Net income rose 14.5% to $165.0 million, while Adjusted EBITDA grew 9.3% to $306.9 million. CEO Sean Reilly attributed the performance to accelerated sales growth driven by national customer demand, the company's digital platform, and political advertising spend. Based on these results and a strong start to the fourth quarter, the company raised its full-year AFFO per diluted share guidance to a range of $8.87 to $8.97.