Link Media parent, Boston Omaha Corporation provided updated financial results.  Here is a portion of the full press release.

OMAHA, Neb.–(BUSINESS WIRE)–Boston Omaha Corporation (NASDAQ: BOMN) (the “Company”) announced its financial results for the second quarter ended June 30, 2021 in connection with filing its Quarterly Report on Form 10-Q with the Securities and Exchange Commission.

We show below summary financial data for the second quarter of 2021 and 2020. Our Quarterly Report on Form 10-Q can be found at www.bostonomaha.com.

Insider’s Take: Lots of information to work through as Boston Omaha continues their growth and addition of other business segments. A couple of observations:

• In terms of revenue, Link Media continues to be Boston Omaha’s largest business segment.
• Billboard revenue is up 20% for the 2nd quarter, a nice revenue gain after a 1% decrease in the first quarter.
• As of June 30, 2021, they operate approximately 3,200 billboards and 6,000 advertising faces.
• Cash liquidity is at $344 million as of June 30, 2021.  Boston Omaha continues to have plenty of room for acquisitions.

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