SBA Communications (SBAC) Revenue — Quarter Ended Sep 30, 2023
Revenue increased compared to the immediately preceding quarter, but decreased compared to the same quarter one year earlier. The company's primary business is site leasing, which contributed the majority of operating profit.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased compared to the immediately preceding quarter, but decreased compared to the same quarter one year earlier. The company's primary business is site leasing, which contributed the majority of operating profit.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$45.1M
Revenue reported for this quarter.
Quarter-over-quarter
+108.0%
Change from the immediately preceding quarter.
Year-over-year
-48.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$841.8M
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 |
|---|---|---|
| Dec 31, 2022 | $686.1M | +15.3% |
| Mar 31, 2023 | $675.5M | +9.0% |
| Jun 30, 2023 | -$564.9M | -15.8% |
| Sep 30, 2023 | $45.1M | -48.9% |
Revenue performance
Revenue for the current quarter rose relative to the prior quarter. However, it fell compared to the same period a year ago.
Quarterly comparison
The quarter-over-quarter improvement reflects a reversal from the prior quarter's decline. The year-over-year decrease indicates a lower revenue level than the same period last year.
What to watch
The contrasting directional changes between the sequential and annual comparisons may merit further observation.