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SBAC Revenues Climb 2.9% to $2.712B Amid Tower Expansion and 5G Demand

SBAC10-KFiling Date: 2/28/2024
SBA Communications Corporation
Description

What this story covers

SBA Communications Corp's 2023 10-K reveals 2 point 712 billion dollars revenue, up 2 point 9 percent, driven by site leasing growth and international acquisitions adding 3,300+ towers. Operating profit hit 2 point 099 billion dollars, with Adjusted EBITDA at 1 point 894 billion dollars. Liquidity strong at 1 point 544 billion dollars from operations; debt 12 point 388 billion dollars managed via fixed rates. Risks include customer churn and currency volatility, but 5G and data traffic trends support expansion.

Story snapshot

CompanySBA Communications Corporation
TickerSBAC
VariantStandard detailed
Duration13:16
Filing type10-K
PeriodAnnual 2023
IndustryReal Estate & Construction
Accession0001034054-24-000002

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