SBA raises FY outlook again after Q2 revenues grow 13.5%

Tuesday 3 August 2021 | 11:39 CET | News
SBA Communications is upgrading its full-year outlook again, based on strong demand from 5G expansion in the US and the company's recent expansion to Tanzania. In the second quarter, the group posted revenues up 13.5 percent year-on-year to USD 575.5 million, and adjusted EBITDA rose 8.5 percent to USD 400.2 million. The quarterly net profit jumped to USD 152.7 million from USD 23.1 million a year ago, and AFFO increased 15.3 percent to USD 2.64 per share. 

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Categories: Mobile & Wireless
Companies: SBA Communications
Countries: United States
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