SBA Communications (SBAC) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. The decline reflects a continuation of the fluctuating trend observed over the past several quarters.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. The decline reflects a continuation of the fluctuating trend observed over the past several quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$657.9M
Revenue reported for this quarter.
Quarter-over-quarter
-2.5%
Change from the immediately preceding quarter.
Year-over-year
-2.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$813.1M
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 | -$564.9M | -15.8% |
| Sep 30, 2023 | $45.1M | -48.9% |
| Dec 31, 2023 | $675M | -1.6% |
| Mar 31, 2024 | $657.9M | -2.6% |
Revenue performance
The reported revenue declined from the prior quarter and from the year-ago period.
Quarterly comparison
Compared to the preceding quarter, revenue fell, and it also declined relative to the same quarter a year ago.
What to watch
The company's revenue has shown significant variability in recent quarters, warranting attention to future trends.