Flash FinanceUS
Pre-market S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · SBA Communications (SBAC)

SBA Communications Q3 net income rises to $255.9 million; raises 2024 outlook

Mixed Impact 4 of 5 earnings Written later

SBA Communications reported third-quarter 2024 results, with net income of $255.9 million, or $2.40 per diluted share, up from $85.4 million, or $0.80, a year earlier. Total revenues fell 2.2% to $667.6 million and adjusted EBITDA fell 2.0% to $472.6 million, while the company raised its full-year 2024 outlook across its key metrics and agreed to buy over 7,000 Central American sites from Millicom for about $975.0 million.

Key points

  • Q3 2024 net income was $255.9 million, or $2.40 per diluted share, including a $16.2 million after-tax currency remeasurement gain; total revenues were $667.6 million, down 2.2%.
  • Adjusted EBITDA was $472.6 million, down 2.0%, and AFFO per share was $3.32, down 0.6% from $3.34.
  • Full-year 2024 total revenue outlook is $2.66 billion to $2.68 billion, and AFFO per share outlook is $13.20 to $13.45, both raised from the July 29, 2024 outlook.
  • The Millicom site purchase for about $975.0 million in cash is expected to close some time in 2025; the quarterly dividend is $0.98 per share, payable December 12, 2024.

The filing

CompanySBA Communications (SBAC)
Form8-K, current report
Filed with the SECOct 28, 2024, 4:12 PM ET
Accession number0001193125-24-245518

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.