SBA Communications (SBAC) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter turned negative, a sharp decline from the prior quarter. The figure also decreased compared to the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter turned negative, a sharp decline from the prior quarter. The figure also decreased compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
-$594.3M
Revenue reported for this quarter.
Quarter-over-quarter
-190.3%
Change from the immediately preceding quarter.
Year-over-year
-5.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$783.7M
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 |
|---|---|---|
| Sep 30, 2023 | $45.1M | -48.9% |
| Dec 31, 2023 | $675M | -1.6% |
| Mar 31, 2024 | $657.9M | -2.6% |
| Jun 30, 2024 | -$594.3M | -5.2% |
Revenue performance
The reported revenue was negative, representing a significant reversal from the positive revenue in the immediately preceding quarter. On a year-over-year basis, revenue also contracted.
Quarterly comparison
Compared to the previous quarter, revenue fell dramatically. The year-over-year comparison also showed a decline, as indicated by the supplied year-ago change.
What to watch
Given the negative revenue figure, the sustainability of the company's revenue generation warrants close observation.