The earnings call reflected a generally positive outlook due to exceeding internal projections, increasing full-year guidance, and successful strategic acquisitions. However, challenges remain with international churn and the strategic exit from the Canadian market.

Company Guidance -

Q3 2025

During the SBA's Second Quarter 2025 Earnings Conference Call, the company provided positive guidance for the remainder of 2025 and beyond. They reported exceeding internal projections and announced an increase in full-year guidance across key metrics, including site leasing revenue, tower cash flow, adjusted EBITDA, AFFO, and AFFO per share. Domestic organic leasing revenue growth was reported at 5% gross and 1% net, with 4% churn, while international organic leasing revenue growth was 0.8% net, including 7.5% churn. The company highlighted the positive momentum in the U.S. market, driven by strong bookings and increased services revenue guidance by 20%, mainly due to construction services. They also discussed the impact of recently acquired Millicom towers, which contributed to their raised outlook, and the sale of their Canadian tower assets. The call also touched on the reinstatement of the FCC's spectrum auction authority, expected to support long-term growth, and the implications of ongoing carrier consolidations, particularly in Brazil with the carrier Oi.

Exceeded Internal Projections

The company exceeded its internal projections for the second quarter of 2025, with strong performance in both U.S. and international businesses.

Increased Full Year Guidance

SBA increased its full-year guidance across all key metrics, including site leasing revenue, tower cash flow, adjusted EBITDA, AFFO, and AFFO per share.

Strong Domestic Services Business

The services business outperformed expectations, leading to a nearly 20% increase in full-year services revenue guidance, primarily driven by carrier installations.

Millicom Transaction Boost

The acquisition of 4,300 sites from Millicom in Central America contributed to the increase in full-year guidance, with the full closing expected by September 1.

S&P Credit Rating Upgrade

S&P upgraded SBA's corporate credit rating to BBB investment-grade, underscoring stable and predictable cash flows.

SBA Communications (SBAC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SBAC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 03, 2025	2025 (Q3)	2.18 / -	2.4	―	―	―
Aug 04, 2025	2025 (Q2)	2.13 / 2.09	1.51	38.41% (+0.58)	―
Apr 28, 2025	2025 (Q1)	2.14 / 1.77	1.42	24.65% (+0.35)
Feb 24, 2025	2024 (Q4)	2.07 / 1.61	1.01	59.41% (+0.60)
Oct 28, 2024	2024 (Q3)	2.26 / 2.40	0.8	200.00% (+1.60)
Jul 29, 2024	2024 (Q2)	2.15 / 1.51	1.87	-19.25% (-0.36)
Apr 29, 2024	2024 (Q1)	1.17 / 1.42	0.92	54.35% (+0.50)
Feb 26, 2024	2023 (Q4)	1.37 / 1.01	0.94	7.45% (+0.07)
Nov 02, 2023	2023 (Q3)	1.17 / 0.80	0.91	-12.09% (-0.11)
Jul 31, 2023	2023 (Q2)	1.22 / 1.87	0.64	192.19% (+1.23)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SBAC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 04, 2025	$230.40	$219.16	-4.88%
Apr 28, 2025	$222.21	$237.36	+6.82%
Feb 24, 2025	$210.74	$217.00	+2.97%
Oct 28, 2024	$236.50	$228.43	-3.41%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Sba Communications (SBAC) report earnings?

Sba Communications (SBAC) is schdueled to report earning on Nov 03, 2025, After Close (Confirmed).

What is Sba Communications (SBAC) earnings time?

Sba Communications (SBAC) earnings time is at Nov 03, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SBAC EPS forecast?

SBAC EPS forecast for the fiscal quarter 2025 (Q3) is 2.18.

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