Here are the results for Link Media Outdoor for the first quarter of 2026 taken from the Boston Omaha first quarter 2026 10Q, sponsored and analyzed by SignValue.

• Billboard revenues increased 1.9% to $11.0 million during the first quarter of 2026 due to increases in occupancy and rent.
• Lease expense declined by 14% to $1.9 million in the first quarter of 2026 due to the implementation of a new accounting standard (ASC 842 lease accounting).
• Total expenses declined by 5% to $6.7 million in the first quarter of 2026 although the lease accounting change accounted for four fifths of the reduction in expenses.
• As a result of the above cashflow (EBIDTA) increased by 15% to $4.2 million in the first quarter of 2026.
• Capital expenditures totaled $564,000 during the first quarter of 2026.  The company made no major acquisitions.

SignValue’s take:  Muted revenue growth and a nice increase in cashflow, although it should be kept in mind that  most of the cashflow increase comes from a one-time change in an accounting standard. Link Media continues to be a textbook case of how to achieve scale economies as you grow.

If you have questions, contact one of SignValue’s experienced analyst for a free and confidential consultation at info@signvalue.com or call 480–657–8400.

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