American Tower beats quarterly revenue estimate on strong telecom infrastructure leasing demand

Reuters

Tue, Apr 29, 2025, 5:14 AM 1 min read

(Reuters) -Wireless infrastructure supplier American Tower connected Tuesday bushed the first-quarter gross estimate, driven by dependable request for its leasing business.

As contention heats up successful the telecommunications market, wireless players successful the United States are enhancing their 5G solutions and web infrastructure to summation the worth of their plans.

"In the U.S., accelerating broad-based mid-band deployments and the aboriginal indications of capacity-driven caller tract request supported our highest 4th of services gross since 2021," CEO Steven Vondran said.

American Tower's main customers see telecom firms similar AT&T, T-Mobile and Verizon, which accounted for 86% of spot conception gross from the U.S. and Canada successful 2024.

For the archetypal quarter, full gross grew 2% to $2.56 cardinal compared with the analysts' estimation of $2.54 billion, according to information compiled by LSEG.

Adjusted funds from operations (AFFO), a cardinal measurement of currency flow, came successful astatine $2.75 per stock successful the 4th compared with $2.79 per stock a twelvemonth earlier.

The company's spot segment, which comprises its tract leasing business, accounted for 97% of full gross and reported $2.49 cardinal successful the archetypal quarter.

American Tower expects full-year 2025 full spot gross betwixt $9.97 cardinal and $10.12 billion, up from its anterior forecast of $9.92 cardinal to $10.07 billion.

The forecast rise reflects estimated affirmative impacts of overseas currency speech complaint fluctuations connected full spot revenue, American Tower said.

(Reporting by Harshita Mary Varghese successful Bengaluru; Editing by Vijay Kishore)