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Summarized Financial Information of Subsidiaries (Subsidiary)
6 Months Ended
Jun. 30, 2025
LAMAR MEDIA CORP. AND SUBSIDIARIES  
Condensed Income Statements, Captions [Line Items]  
Summarized Financial Information of Subsidiaries Summarized Financial Information of Subsidiaries
Summarized financial information for Lamar Media, subsidiary guarantors and non-guarantor subsidiaries is presented below. Lamar Media and its subsidiary guarantors have fully and unconditionally guaranteed Lamar Media’s obligations with respect to its publicly issued notes. All guarantees are joint and several. As a result of these guarantee arrangements, we are required to present the following summarized financial information. The following summarized financial information should be read in conjunction with the accompanying consolidated financial statements and notes. Separate financial statements of Lamar Media’s subsidiary guarantors are not included because the guarantors are each a consolidated subsidiary of Lamar Media, Lamar Media’s consolidated financial statements have been filed, and the guaranteed securities are debt securities with Lamar Media as the issuer. The accounts for all companies reflected herein are presented using the equity method of accounting for investments in subsidiaries.
Summarized Balance Sheet as of June 30, 2025

Lamar
Media Corp.
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
EliminationsLamar Media
Consolidated
Current assets$42,680 $69,016 $345,342 $— $457,038 
Noncurrent assets4,302,337 6,432,399 297,130 (4,831,680)6,200,186 
Current liabilities39,481 456,418 275,658 — 771,557 
Noncurrent liabilities3,406,107 1,808,827 399,803 (630,314)4,984,423 
Non-controlling interest— 2,388 (573)— 1,815 

Summarized Balance Sheet as of December 31, 2024

Lamar Media
Corp.
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
EliminationsLamar Media
Consolidated
Current assets$38,950 $52,617 $333,201 $— $424,768 
Noncurrent assets4,302,475 6,368,402 297,831 (4,823,669)6,145,039 
Current liabilities50,707 444,841 272,265 — 767,813 
Noncurrent liabilities3,249,628 1,738,404 384,695 (612,672)4,760,055 
Non-controlling interest— 1,770 (921)— 849 
Summarized Statements of Income and Comprehensive Income
for the Three Months Ended June 30, 2025

Lamar Media Corp.Guarantor SubsidiariesNon-Guarantor SubsidiariesEliminationsLamar Media Consolidated
Net revenues$— $567,209 $12,357 $(255)$579,311 
Operating expenses (income)
— 369,445 12,290 (255)381,480 
Operating income
— 197,764 67 — 197,831 
Net income (loss)
154,505 195,734 (3,365)(191,708)155,166 
Net income (loss) attributable to controlling interest
154,505 195,354 (3,646)(191,708)154,505 

Summarized Statements of Income and Comprehensive Income
for the Three Months Ended June 30, 2024

Lamar Media Corp.Guarantor SubsidiariesNon-Guarantor SubsidiariesEliminationsLamar Media Consolidated
Net revenues$— $553,182 $12,366 $(297)$565,251 
Operating expenses (income)
— 368,409 12,731 (297)380,843 
Operating income (loss)
— 184,773 (365)— 184,408 
Net income (loss)
137,547 182,485 (4,225)(178,032)137,775 
Net income (loss) attributable to controlling interest
137,547 182,241 (4,209)(178,032)137,547 
Summarized Statements of Income and Comprehensive Income
for the Six Months Ended June 30, 2025

Lamar Media
Corp.
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
EliminationsLamar Media
Consolidated
Net revenues$— $1,061,191 $23,976 $(426)$1,084,741 
Operating expenses (income)
— 671,328 24,666 (426)695,568 
Operating income (loss)
— 389,863 (690)— 389,173 
Net income (loss)
293,369 374,192 (7,570)(365,487)294,504 
Net income (loss) attributable to controlling interest
293,369 373,592 (8,105)(365,487)293,369 

Summarized Statements of Income and Comprehensive Income
for the Six Months Ended June 30, 2024

Lamar Media
Corp.
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
EliminationsLamar Media
Consolidated
Net revenues$— $1,040,970 $23,389 $(958)$1,063,401 
Operating expenses (income)
— 730,552 24,661 (958)754,255 
Operating income (loss)
— 310,418 (1,272)— 309,146 
Net income (loss)
215,909 306,533 (9,132)(296,898)216,412 
Net income (loss) attributable to controlling interest
215,909 306,201 (9,303)(296,898)215,909