Loading...
•
Jun 30, 2021
American Tower Q2 2021 Earnings Report
American Tower's financial performance surged in Q2 2021, marked by substantial revenue growth and strategic acquisitions.
Key Takeaways
American Tower Corporation reported a strong second quarter in 2021, with a 20.2% increase in total revenue to $2,299 million and a 66.8% increase in net income to $748 million. The company's growth was supported by continued carrier capital investment and wireless network technology advancements, along with strategic acquisitions, including nearly 27,000 sites through the Telxius Towers acquisition.
Total revenue increased by 20.2% to $2,299 million.
Net income increased significantly by 66.8% to $748 million.
Adjusted EBITDA increased by 21.8% to $1,476 million.
The company expanded its portfolio by acquiring nearly 27,000 sites through the Telxius Towers acquisition.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
American Tower raised its full year 2021 outlook for property revenue, net income, Adjusted EBITDA and Consolidated AFFO, primarily due to the impacts of its Telxius Acquisition.
Positive Outlook
- Property revenue is expected to be between $8,985 million and $9,135 million.
- Net income is projected to be between $2,410 million and $2,510 million.
- Adjusted EBITDA is anticipated to be between $5,860 million and $5,960 million.
- Consolidated AFFO is forecasted to be between $4,255 million and $4,355 million.
- The company anticipates favorable impacts from foreign currency exchange rate fluctuations.
Challenges Ahead
- Actual results may differ materially due to various factors.
- The outlook is subject to change depending on future developments related to the coronavirus pandemic.
- The company's outlook is based on specific average foreign currency exchange rates, which are subject to change.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...