AMT Q2 2024 Earnings — American Tower Corporation Revenue & Financial Results | Market Cap Arena

AMTAmerican Tower Corporation

$87B

Q2 2024 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$2.9B+4.6% YoY

Gross Profit

$2.1B71.7% margin

Operating Income

$1.3B44.3% margin

Net Income

$900M31.0% margin

EPS (Diluted)

$1.92

QoQ Revenue Growth

+2.3%

Cash Flow

Operating Cash Flow

$1.3B

Free Cash Flow

$1.0B

Stock-Based Comp.

$46M

Balance Sheet

Total Assets

$65.8B

Total Liabilities

$55.4B

Stockholders' Equity

$3.9B

Cash & Equivalents

$2.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.9B	$2.8B	+4.6%
Gross Profit	$2.1B	$1.9B	+6.9%
Operating Income	$1.3B	$874M	+47.0%
Net Income	$900M	$476M	+89.3%

Revenue Segments

Property

$2.9B98%

Services Revenue

$47M2%

Geographic Segments

UNITED STATES

$1.4B47%

Property, Latin America

$449M15%

Property, Asia-Pacific

$361M12%

Property, Africa

$294M10%

Property, Data Centers

$231M8%

Property, Europe

$203M7%