SBA Communications (SBAC) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter was reported at a level that reflects a sharp increase from the prior quarter. Compared with the same quarter a year earlier, revenue declined.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter was reported at a level that reflects a sharp increase from the prior quarter. Compared with the same quarter a year earlier, revenue declined.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$41.9M
Revenue reported for this quarter.
Quarter-over-quarter
+107.1%
Change from the immediately preceding quarter.
Year-over-year
-7.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$780.5M
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, 2023 | $675M | -1.6% |
| Mar 31, 2024 | $657.9M | -2.6% |
| Jun 30, 2024 | -$594.3M | -5.2% |
| Sep 30, 2024 | $41.9M | -7.1% |
Revenue performance
The reported revenue direction is upward relative to the immediately preceding quarter, marking a significant sequential gain. However, on a year-over-year basis, revenue contracted.
Quarterly comparison
Compared with the prior quarter, revenue rose substantially. Compared with the same quarter one year earlier, revenue was lower.
What to watch
The sequential revenue surge contrasts with the year-over-year decline, warranting attention to the sustainability of the quarterly improvement.