American Tower Corporation reported flat Q3 2024 revenue of $2.52 billion, while total property revenue decreased 1.0% to $2.47 billion. The company recorded a net loss of $780 million, largely due to a $1.2 billion loss on the sale of its India operations to Data Infrastructure Trust.Organic Tenant Billings grew 5.2% driven by robust 5G rollouts in the U.S. and Europe, along with healthy network expansion in Africa. The Data Centers segment delivered strong performance with 10.3% revenue growth. Adjusted EBITDA declined slightly by 0.9% to $1.69 billion, while AFFO attributable to common stockholders increased 2.6% to $1.24 billion.The company completed the sale of its India operations on September 12, 2024, using approximately $2.0 billion of proceeds to pay down debt. Management expects to finish 2024 strong and remains well-positioned for earnings growth in 2025, supported by continued 5G deployments and accelerating hybrid-IT and AI-related data center demand.

American Tower Corporation reported flat Q3 2024 revenue of $2.52 billion, while total property revenue decreased 1.0% to $2.47 billion. The company recorded a net loss of $780 million, largely due to a $1.2 billion loss on the sale of its India operations to Data Infrastructure Trust.Organic Tenant Billings grew 5.2% driven by robust 5G rollouts in the U.S. and Europe, along with healthy network expansion in Africa. The Data Centers segment delivered strong performance with 10.3% revenue growth. Adjusted EBITDA declined slightly by 0.9% to $1.69 billion, while AFFO attributable to common stockholders increased 2.6% to $1.24 billion.The company completed the sale of its India operations on September 12, 2024, using approximately $2.0 billion of proceeds to pay down debt. Management expects to finish 2024 strong and remains well-positioned for earnings growth in 2025, supported by continued 5G deployments and accelerating hybrid-IT and AI-related data center demand.