SBAC Q2 AFFO Beats Estimates, Revenues Improve Y/Y, '25 View Raised

Site development revenues surged 97.5% year over year to $67.2 million. The overall operating income declined marginally to $334.8 million. Adjusted EBITDA totaled $475.5 million, up 1.8%, while the adjusted EBITDA margin decreased to 68.1% from 71.3% in the prior-year quarter. SBA Communications Corporation (SBAC) reported second-quarter 2025 adjusted funds from operations (AFFO) per share of $3.17, beating the Zacks Consensus Estimate of $3.12. However, the figure dropped 3.6% from the prior-year quarter. ...