Loading...
•
Jun 30, 2024
American Tower Q2 2024 Earnings Report
American Tower's financial performance demonstrated growth, driven by strong demand for communication assets and strategic capital allocation.
Key Takeaways
American Tower Corporation reported a 4.6% increase in total revenue, reaching $2,900 million. Net income saw a significant increase of 96.8% to $908 million. The company's performance was bolstered by positive collection trends in India and strong organic tenant billings growth in the U.S. & Canada segment.
Total revenue increased by 4.6% to $2,900 million.
Net income increased significantly by 96.8% to $908 million.
Adjusted EBITDA increased by 8.1% to $1,890 million.
AFFO attributable to AMT common stockholders increased by 13.5% to $1,306 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
American Tower is raising the midpoints of its full year 2024 outlook for property revenue, net income, net income attributable to AMT common stockholders, Adjusted EBITDA, AFFO attributable to AMT common stockholders and AFFO attributable to AMT common stockholders per Share.
Positive Outlook
- Property revenue midpoint raised.
- Net income midpoint raised.
- Adjusted EBITDA midpoint raised.
- AFFO attributable to AMT common stockholders midpoint raised.
- AFFO attributable to AMT common stockholders per Share midpoint raised.
Challenges Ahead
- Outlook reflects estimated negative impacts of foreign currency exchange rate fluctuations to property revenue.
- Outlook reflects estimated negative impacts of foreign currency exchange rate fluctuations to Adjusted EBITDA.
- Outlook reflects estimated negative impacts of foreign currency exchange rate fluctuations to AFFO attributable to AMT common stockholders.
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...