SBA Communications Corporation (NASDAQ: SBAC) yesterday reported results for the quarter ended June 30, 2022. Total revenues in the second quarter of 2022 were $652.0 million compared to $575.5 million in the prior year period, an increase of 13.3 percent. Site leasing revenue in the second quarter of 2022 of $580.2 million consisted of domestic site leasing revenue of $442.1 million and international site leasing revenue of $138.1 million.
“Our second-quarter performance was very strong,” stated Jeffrey Stoops, President and CEO. “Wireless carrier activity was, and remains, robust across most of our markets. In both leasing and services, we are extremely busy fulfilling the needs and requests of our customers as they continue to pursue a high level of network investment. Against this demand, we continue to execute very well. We achieved another record for U.S. services revenue in the quarter.” Continue Reading
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