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American Tower Corporation Reports Fourth Quarter and Full Year 2024 Financial Results

1. AMT’s Q4 revenue grew 3.7%, with net income soaring 9,151.9%. 2. FY 2024 shows steady revenue gains and strong operational performance.

Earnings
+4.51%Current Return
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-0.78%S&P 500
$19202/25 07:16 AM EDTEvent Start
$200.6502/26 01:58 PM EDTLatest Updated
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FAQ

Why Bullish?

The earnings report reveals a dramatic net income jump, which has historically energized market sentiment in the infrastructure sector. Similar surprises in past quarters have yielded immediate positive price reactions, albeit with caution regarding base effects.

How important is it?

The significant net income surge and revenue stability are highly influential, likely prompting notable short-term price movement for AMT.

Why Short Term?

Earnings announcements typically trigger immediate investor responses and price adjustments, as seen in similar tower REIT reports.

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CCISBAC
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT):   CONSOLIDATED HIGHLIGHTS(1)(2) Fourth Quarter 2024   Full Year 2024 ● Total revenue increased 3.7% to $2,548 million ● Total revenue increased 1.1% to $10,127 million ● Total property revenue increased 2.0% to $2,484 million ● Property revenue increased 0.7% to $9,934 million ● Net income increased 9,151.9% to $1,231 million(3)(4)(5) ● Net income increased 66.8% to $2,280 million(3)(4)(5) ● Adjusted EBITDA increased 5.1% to $1,69.

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