LAMAR ADVERTISING CO/NEW
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
LAMR$158.75+1.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
| Page | |
|---|---|
| PART I — FINANCIAL INFORMATION | 5 |
| ITEM 1. FINANCIAL STATEMENTS | 5 |
| Lamar Advertising Company | |
| Condensed Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024 | 5 |
| Condensed Consolidated Statements of Income and Comprehensive Income for the three and nine months ended September 30, 2025 and 2024 | 6 |
| Condensed Consolidated Statements of Stockholders’ Equity for the three and nine months ended September 30, 2025 and 2024 | 7 |
| Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 and 2024 | 9 |
| Notes to Condensed Consolidated Financial Statements | 10 |
| Lamar Media Corp. | |
| Condensed Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024 | 27 |
| Condensed Consolidated Statements of Income and Comprehensive Income for the three and nine months ended September 30, 2025 and 2024 | 28 |
| Condensed Consolidated Statements of Stockholder's Equity for the three and nine months ended September 30, 2025 and 2024 | 29 |
| Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 and 2024 | 31 |
| Notes to Condensed Consolidated Financial Statements | 32 |
| ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 36 |
| ITEM 3. Quantitative and Qualitative Disclosures About Market Risk | 57 |
| ITEM 4. Controls and Procedures | 57 |
| PART II — OTHER INFORMATION | 58 |
| ITEM 1A. Risk Factors | 58 |
| ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds | 58 |
| ITEM 5. Other Information | 58 |
| ITEM 6. Exhibits | 59 |
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