Stock Track | Lamar Advertising Plummets 6.71% on Q4 Earnings Miss and Asset Write-Down

Stock Track
2025/02/20

Lamar Advertising Company's (NASDAQ: LAMR) stock plummeted 6.71% in pre-market trading on Thursday following the release of its fourth-quarter and full-year 2024 results.

The outdoor advertising company reported mixed results for the quarter, with revenue of $579.6 million, slightly missing analyst estimates of $583.2 million. However, the company's adjusted funds from operations (AFFO) of $2.21 per share matched expectations.

The primary driver behind Lamar's stock plunge was a significant revision in the estimated asset retirement obligation, which resulted in an additional $159.7 million recorded to depreciation and amortization expense. This led to a net loss of $1.0 million for the quarter, compared to a net income of $149.3 million in the same period last year.

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