American Tower (AMT) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter decreased sharply from the immediately preceding quarter and from the same quarter one year earlier. The decline represents a material reversal from the prior quarter's reported growth.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter decreased sharply from the immediately preceding quarter and from the same quarter one year earlier. The decline represents a material reversal from the prior quarter's reported growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$173M
Revenue reported for this quarter.
Quarter-over-quarter
-93.0%
Change from the immediately preceding quarter.
Year-over-year
-93.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$691.6M
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, 2023 | -$2.1B | -1076.3% |
| Sep 30, 2023 | $181M | -18.0% |
| Dec 31, 2023 | $2.5B | +1167.3% |
| Mar 31, 2024 | $173M | -93.1% |
Revenue performance
The reported revenue direction is downward, with the current quarter's total falling compared to both the prior quarter and the year-ago period.
Quarterly comparison
Compared to the immediately preceding quarter, revenue contracted substantially. Similarly, revenue was markedly lower than in the same quarter one year earlier.
What to watch
The steep sequential and year-over-year declines warrant continued monitoring of revenue trends.