American Tower (AMT) Revenue — Quarter Ended Jun 30, 2023
Revenue turned negative this quarter, a sharp reversal from the prior quarter's positive figure and a significant decline from the same period last year. The company engaged in several financing transactions during the period, including debt redemptions and new issuances.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue turned negative this quarter, a sharp reversal from the prior quarter's positive figure and a significant decline from the same period last year. The company engaged in several financing transactions during the period, including debt redemptions and new issuances.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
-$2.1B
Revenue reported for this quarter.
Quarter-over-quarter
-184.1%
Change from the immediately preceding quarter.
Year-over-year
-1076.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$816.3M
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 |
|---|---|---|
| Sep 30, 2022 | $220.6M | +7.8% |
| Dec 31, 2022 | $193.8M | +1.5% |
| Mar 31, 2023 | $2.5B | +1104.2% |
| Jun 30, 2023 | -$2.1B | -1076.3% |
Revenue performance
Reported revenue was negative, contrasting with the positive revenue in the immediately preceding quarter. This represents a substantial downturn from the same quarter one year earlier.
Quarterly comparison
Compared to the prior quarter, revenue shifted from positive to negative. Relative to the same quarter last year, the decline was pronounced, reflecting a material change in financial performance.
What to watch
The company's significant financing activities, including debt refinancing and capital market transactions, may influence future revenue trends and should be monitored.