SBA Communications (SBAC) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased sharply compared to the immediately preceding quarter. However, revenue declined relative to the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 FY
Revenue for the quarter increased sharply compared to the immediately preceding quarter. However, revenue declined relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$675M
Revenue reported for this quarter.
Quarter-over-quarter
+1396.6%
Change from the immediately preceding quarter.
Year-over-year
-1.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$830.7M
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 |
|---|---|---|
| Mar 31, 2023 | $675.5M | +9.0% |
| Jun 30, 2023 | -$564.9M | -15.8% |
| Sep 30, 2023 | $45.1M | -48.9% |
| Dec 31, 2023 | $675M | -1.6% |
Revenue performance
The reported revenue direction is upward from the prior quarter, reversing a previous decline. The trailing twelve-month revenue reflects the cumulative performance over the past year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose significantly. Compared to the same quarter one year earlier, revenue was lower.
What to watch
The filing context notes that operating cash flow increased year over year, partly due to working capital changes.