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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.
Revenue by Segment
Revenue by Geographic Location
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.
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
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