American Tower (NYSE:AMT) delivered stronger-than-expected fourth-quarter earnings, fueled by robust demand across its global infrastructure portfolio. As a result, the company’s shares gained more than 6% intra-day today.
For Q4, the cell tower operator reported adjusted funds from operations (AFFO) of $2.32 per share, surpassing both last year’s $2.29 per share and analyst expectations. Revenue increased 3.7% year-over-year to $2.55 billion, slightly ahead of the $2.52 billion forecast.
Over the full year 2024, American Tower generated AFFO of $10.54 per share, with total revenue reaching $10.13 billion, reinforcing its long-term financial stability.
Looking ahead to 2025, the company provided AFFO guidance of $10.31 to $10.50 per share, along with projected revenue between $9.92 billion and $10.07 billion. While the forecast suggests moderate growth, American Tower remains focused on expanding its strategic initiatives to sustain long-term profitability.