Loading...
•
Dec 31, 2024
American Tower Q4 2024 Earnings Report
American Tower reported revenue growth and a significant increase in net income for Q4 2024.
Key Takeaways
American Tower Corporation (AMT) posted Q4 2024 revenue of $2.55 billion, reflecting a 3.7% year-over-year increase. Net income soared to $1.23 billion, up 9,151.9% due to favorable operational and financial adjustments. Adjusted EBITDA grew 5.1% to $1.69 billion, and AFFO per share increased to $2.32. The company saw strong growth in organic tenant billings, particularly in emerging markets.
Total revenue grew 3.7% year-over-year to $2.55 billion.
Net income rose significantly to $1.23 billion, mainly due to financial adjustments.
Adjusted EBITDA increased 5.1% to $1.69 billion, with a 66.4% margin.
Organic tenant billings grew 5.0%, with strong performance in emerging markets.
American Tower
American Tower
American Tower Revenue by Segment
American Tower Revenue by Geographic Location
Revenue by Segment
U.S. & Canada Prop. Revenue
CapyFin.comLatin America Prop. Revenue
CapyFin.comAfrica & APAC Prop. Revenue
CapyFin.comEurope Prop. Revenue
CapyFin.comServices Revenue
CapyFin.comData Centers Revenue
CapyFin.comRevenue by Geographic Location
U.S. & Canada Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
American Tower expects continued revenue growth in 2025, with strength in tenant billings and data center expansion.
Positive Outlook
- Projected total revenue between $9.92 billion and $10.07 billion.
- Net income expected to grow 30.5% to a range of $2.93 billion to $3.02 billion.
- U.S. & Canada organic tenant billings projected to grow by at least 4.3%.
- Data center revenue expected to grow by 11.9%.
- AFFO per share estimated between $10.31 and $10.50.
Challenges Ahead
- Foreign currency exchange fluctuations expected to negatively impact revenue by approximately $229 million.
- Interest expense projected between $1.37 billion and $1.35 billion.
- Straight-line revenue expected to decline by approximately $62 million.
- Higher anticipated capital expenditures in discretionary projects, estimated between $880 million and $910 million.
- Potential pricing pressure in international markets affecting tenant billings growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income