Lamar's Q1 AFFO Beats Estimates, Revenues Increase Y/Y

Lamar Advertising Company (LAMR) reported first-quarter 2025 adjusted funds from operations (AFFO) per share of $1.60, which outpaced the Zacks Consensus Estimate of $1.54. The figure also compared favorably with the prior-year quarter's tally of $1.54.Results reflect year-over-year growth in the top line. However, higher direct advertising and general and administrative expenses during the quarter acted as a dampener. LAMR has also reaffirmed its full-year 2025 outlook.Quarterly net revenues of $505.4 mill ...