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Jun 30, 2022

American Tower Q2 2022 Earnings Report

Reported strong financial and operational results, raised 2022 outlook for Attributable AFFO per Share and demonstrated core outperformance across property revenue and Adjusted EBITDA.

Key Takeaways

American Tower Corporation reported a 16.3% increase in total revenue, reaching $2,674 million. Net income increased by 19.1% to $891 million, and Adjusted EBITDA grew by 13.2% to $1,671 million. The company also raised its 2022 outlook for Attributable AFFO per Share.

Total revenue increased 16.3% to $2,674 million.

Property revenue increased 17.1% to $2,615 million.

Net income increased 19.1% to $891 million.

Adjusted EBITDA increased 13.2% to $1,671 million.

Total Revenue
$2.67B
Previous year: $2.3B
+16.3%
EPS
$2.51
Previous year: $2.73
-8.1%
Gross Profit
$1.85B
Previous year: $1.65B
+12.1%
Cash and Equivalents
$2.07B
Previous year: $1.93B
+7.2%
Free Cash Flow
$545M
Previous year: $674M
-19.1%
Total Assets
$68.1B
Previous year: $59B
+15.5%

American Tower

American Tower

American Tower Revenue by Segment

American Tower Revenue by Geographic Location

Forward Guidance

Full year 2022 estimates are based on a number of assumptions that management believes to be reasonable and reflect the Company’s expectations as of July 28, 2022.

Revenue & Expenses

Visualization of income flow from segment revenue to net income