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Sep 30, 2022
SBA Q3 2022 Earnings Report
Reported strong third-quarter results, driven by high levels of wireless deployment and strategic acquisitions.
Key Takeaways
SBA Communications Corporation reported a strong third quarter with significant growth in revenue, net income, and AFFO per share. The company exceeded consensus estimates, driven by robust wireless carrier activity and successful execution. They updated their full year 2022 outlook and declared a quarterly cash dividend.
Net income was $99.8 million, or $0.91 per share.
AFFO per share increased 15.1% over the prior year period on a constant currency basis.
Total revenue reached $675.6 million, a 14.6% increase over the prior year period.
The company closed on a deal to purchase 2,632 sites in Brazil.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is updating its full year 2022 Outlook for anticipated results.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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