SBA Communications (SBAC) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter was negative, marking a sharp reversal from the prior quarter's positive figure. The reported amount also declined compared to the same quarter a year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter was negative, marking a sharp reversal from the prior quarter's positive figure. The reported amount also declined compared to the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
-$564.9M
Revenue reported for this quarter.
Quarter-over-quarter
-183.6%
Change from the immediately preceding quarter.
Year-over-year
-15.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$885M
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 | $88.3M | +64.1% |
| Dec 31, 2022 | $686.1M | +15.3% |
| Mar 31, 2023 | $675.5M | +9.0% |
| Jun 30, 2023 | -$564.9M | -15.8% |
Revenue performance
The reported revenue turned negative, contrasting with the positive revenue in the immediately preceding quarter. This represents a significant sequential decline.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was lower. The sequential comparison also shows a steep drop from the prior quarter's positive level.
What to watch
The negative revenue figure for this quarter warrants attention, as it deviates from the positive trend seen in recent quarters.