American Tower Q4 Revenue Soars 7.5% to $2.74B with EPS Beat
American Tower reported Q4 revenue of $2.74B, up 7.5% year-over-year, beating the $2.68B consensus by 2.3%, with EPS of $2.63 surpassing the $2.54 forecast by 3.6%. Organic tenant billings grew 5.6% in U.S. & Canada and 12% in Africa & APAC.
1. Q4 Financial Highlights
American Tower posted Q4 revenue of $2.74B, up 7.5% year-over-year, beating the $2.68B consensus by 2.3%, while EPS reached $2.63, a 3.6% surprise above the $2.54 forecast.
2. Tenant Metrics
The total tower count closed at 148,824 sites versus 149,021 expected, with U.S. & Canada organic tenant billings up 5.6% versus the 5.4% estimate and Africa & APAC billing growth of 12% against a 12.6% forecast.
3. Geographic and Segment Performance
U.S. & Canada revenues grew 1.6% to $1.33B, Africa & APAC revenues climbed to $382M, Europe delivered 15.9% growth at $248M, Latin America rose 4% to $438M; data center segment revenues jumped 19.1% to $281M.
4. Market Reaction and Outlook
Shares have returned 5.9% over the past month versus a 1% drop in the S&P 500, but analyst rankings signal potential underperformance. Future guidance will hinge on 5G leasing demand and data center capacity expansion.