AMT Q1 2024 Earnings — American Tower Corporation Revenue & Financial Results | Market Cap Arena

AMTAmerican Tower Corporation

$87B

Q1 2024 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$2.8B+2.4% YoY

Gross Profit

$2.0B72.2% margin

Operating Income

$1.2B43.6% margin

Net Income

$917M32.4% margin

EPS (Diluted)

$1.96

QoQ Revenue Growth

+1.7%

Cash Flow

Operating Cash Flow

$1.3B

Free Cash Flow

$887M

Stock-Based Comp.

$65M

Balance Sheet

Total Assets

$66.7B

Total Liabilities

$56.0B

Stockholders' Equity

$4.0B

Cash & Equivalents

$2.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.8B	$2.8B	+2.4%
Gross Profit	$2.0B	$2.0B	+4.3%
Operating Income	$1.2B	$776M	+59.4%
Net Income	$917M	$336M	+173.2%

Revenue Segments

Property

$2.8B99%

Services Revenue

$30M1%

Geographic Segments

UNITED STATES

$1.3B47%

Property, Latin America

$446M16%

Property, Asia-Pacific

$327M12%

Property, Africa

$292M10%

Property, Data Centers

$225M8%

Property, Europe

$205M7%