Business Segments · Total advertising expenses

Billboard — Total advertising expenses

Lamar Advertising Billboard — Total advertising expenses decreased by 1.4% to $227.51M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.9%, from $216.93M to $227.51M. Over 3 years (FY 2022 to FY 2025), Billboard — Total advertising expenses shows relatively stable performance with a 2.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026May 7, 2026
Rolls up toAdvertising

How to read this metric

An increase may signal rising operational costs or expansion of the asset base, whereas a decrease suggests improved operational efficiency or reduced maintenance requirements.

Detailed definition

This metric captures the aggregate costs directly associated with the operation, maintenance, and production of billboar...

Peer comparison

Comparable to 'Direct Operating Expenses' or 'Cost of Revenue' for out-of-home advertising segments at peer firms.

Metric ID: lamr_segment_billboard_total_advertising_expenses

Historical Data

17 periods
 Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$207.32M$207.32M$207.32M$207.32M$213.23M$213.23M$213.23M$213.23M$209.90M$219.06M$219.89M$221.78M$216.93M$221.89M$227.51M$230.82M$227.51M
QoQ Change+0.0%+0.0%+0.0%+2.8%+0.0%+0.0%+0.0%-1.6%+4.4%+0.4%+0.9%-2.2%+2.3%+2.5%+1.5%-1.4%
YoY Change+2.8%+2.8%+2.8%+2.8%-1.6%+2.7%+3.1%+4.0%+3.3%+1.3%+3.5%+4.1%+4.9%
Range$207.32M$230.82M
CAGR+2.4%
Avg YoY Growth+2.8%
Median YoY Growth+2.8%

Frequently Asked Questions

What is Lamar Advertising's billboard — total advertising expenses?
Lamar Advertising (LAMR) reported billboard — total advertising expenses of $227.51M in Q1 2026.
How has Lamar Advertising's billboard — total advertising expenses changed year-over-year?
Lamar Advertising's billboard — total advertising expenses increased by 4.9% year-over-year, from $216.93M to $227.51M.
What is the long-term trend for Lamar Advertising's billboard — total advertising expenses?
Over 3 years (2022 to 2025), Lamar Advertising's billboard — total advertising expenses has grown at a 2.7% compound annual growth rate (CAGR), from $829.29M to $897.15M.
What does billboard — total advertising expenses mean?
The total costs incurred to operate, maintain, and produce advertisements for billboard displays.