American Tower (AMT) Revenue — Quarter Ended Mar 31, 2023
Revenue increased sharply in the current quarter compared with both the prior quarter and the same quarter a year earlier. The sequential and year-over-year gains were substantial.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased sharply in the current quarter compared with both the prior quarter and the same quarter a year earlier. The sequential and year-over-year gains were substantial.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.5B
Revenue reported for this quarter.
Quarter-over-quarter
+1200.5%
Change from the immediately preceding quarter.
Year-over-year
+1104.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $217M | +20.8% |
| Sep 30, 2022 | $220.6M | +7.8% |
| Dec 31, 2022 | $193.8M | +1.5% |
| Mar 31, 2023 | $2.5B | +1104.2% |
Revenue performance
The reported revenue for the quarter was higher than the preceding quarter, continuing an upward trajectory from recent periods.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose significantly. Versus the same quarter one year earlier, revenue also posted a strong increase.
What to watch
The magnitude of the revenue change from the prior quarter and the year-ago quarter warrants attention in future filings.