UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2022 or ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-36756 __________________________________ Lamar Advertising Company _____________________________________________ ...

Financial Data and Key Metrics Changes - The company achieved AFFO growth of 10.9% to $1.94 per share on a fully diluted basis, marking the seventh consecutive quarter of growth [11][12] - Acquisition-adjusted revenue increased by 12.2% year-over-year, with revenue and adjusted EBITDA setting new records for any quarter [12][14] - Adjusted EBITDA for the quarter was $243.3 million, a 14% increase from $213.5 million in 2021 [14] Business Line Data and Key Metrics Changes - Billboard revenue grew over 10% on an acquisition-adjusted basis, with digital billing increasing by more than 10% year-over-year on a same-store basis [4][5] - Local and regional sales accounted for 79% of billboard revenue, with local revenue up 10.4% and national business increasing by 8.4% [15][28] - Categories of strength included education, retail, service, amusement, entertainment, and sports, with notable growth in these sectors [6][29] Market Data and Key Metrics Changes - The company reported strong performance across all regions, with pro forma revenue growth ranging from high single-digits to mid-teens [12] - Political advertising is pacing up 82% compared to 2020, with about 50% of that spend on digital platforms [8] Company Strategy and Development Direction - The company is focused on maintaining a strong balance sheet and pursuing acquisitions, with a robust pipeline expected to exceed last year's total of $312 million [17][20] - The conversion to an UPREIT structure is seen as a competitive advantage for future acquisitions [17][48] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the second half of 2022, expecting revenue growth to normalize to 3% to 5% and expense growth to 2% to 3% [5][30] - The company is not currently seeing signs of a slowdown, despite general macroeconomic concerns [3][30] Other Important Information - The company paid a cash dividend of $1.20 per share for Q2, a 9% increase from Q1, with a total expected distribution of $4.70 per share for the full year [23] - Total liquidity as of July 31 was over $835 million, positioning the company well to weather potential macroeconomic headwinds [20] Q&A Session Summary Question: What changes might affect capital allocation or operations? - Management indicated that they will continue to pursue M&A and digital build-out regardless of macroeconomic conditions [38] Question: How are rate increases being driven? - Rate increases are attributed to new advertisers and the turnover of contracts every four months, allowing for regular rate discussions [40] Question: What is the margin profile of recent acquisitions? - Most traditional billboard acquisitions are expected to contribute incremental margins between 45% and 60%, with the exception of the Colossal acquisition [44] Question: What is the impact of the UPREIT structure? - The UPREIT structure provides flexibility in addressing sellers' tax situations, allowing for various forms of consideration [46][48] Question: What is the outlook for the broader ad market? - Management noted that large national advertisers are pulling back from traditional digital platforms due to privacy concerns, which may benefit out-of-home advertising [52][53] Question: How does local versus national revenue impact guidance? - Guidance is based on strong local performance, which constitutes 80% of revenue, and political advertising is expected to provide additional support [56][57]

FORM 10-Q ________________________________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2022 or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-36756 __________________________________ Lamar Adv ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-Q ________________________________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2022 or ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-36756 __________________________________ Lamar Ad ...

Lamar Advertising Company (NASDAQ:LAMR) Q4 2021 Earnings Conference Call February 25, 2022 9:00 AM ET Company Participants Sean Reilly – President and Chief Executive Officer Jay Johnson – Executive Vice President and Chief Financial Officer Conference Call Participants Benjamin Swinburne – Morgan Stanley Anna Lou San – JP Morgan Operator Excuse me, everyone, we now have Sean Reilly and Jay Johnson in conference. Please be aware that each of your lines is in a listen-only mode. At the conclusion of the comp ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ Form 10-K __________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-36756 __________________________ Indicate by check mark if either ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-Q ________________________________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2021 or ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-36756 __________________________________ Lama ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-Q ________________________________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2021 or ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-36756 __________________________________ Lamar Adv ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-Q __________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2021 or ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-36756 __________________________________ Lamar Advertising Company Comm ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-36756 Lamar Advertising Company Commission File Number 1-12407 Lamar Media Corp. (Exact names of registrants as specified in their charter ...