Here are the results of Link Media Outdoor’s 3Q 2025 performance,  taken from the Boston Omaha third quarter 2025 earnings release, 10Q  and earnings presentation, sponsored and analyzed by SignValue.

• Revenues increased by 2.5% to $11.8 million due to increased professional services and entertainment spending and an increase in occupancy.
• Lease costs were stable at $2.1 million which is a low 18.2% of revenue.
• Adjusted EDITDA increased 5.6% to $4.8 million for the third quarter of 2025.  The company’s adjusted EBITDA margin hit a record 41% in the third quarter of 2025.
• Link Media ended the quarter with 7,570 faces, down from 7,620 faces in the third quarter of 2024.  Digital faces, however, increased from 102 in the third quarter of 2024 to 109 in the third quarter of 2025.
• Debt to cashflow (EDITDA) ratio of 1.9 times, the lowest of any public out of home company.

SignValue’s take: A decent quarter with increased cashflow margins for Link.  The company is under-leveraged and has room to grow if any attractive acquisition or investment opportunities occur.  If you have questions, contact one of SignValue’s experienced analysts for a free and confidential consultation at info@signvalue.com or call 480-657-8400

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