American Tower Corporation reported total revenues of $2.63 billion for the second quarter of 2025, up from $2.51 billion in Q2 2024.
The growth was led by a solid increase in property revenue, which reached $2.53 billion. International operations were a key contributor, with strong performance in Latin America, Africa & APAC, and Europe.
Adjusted EBITDA stood at $1.75 billion, maintaining a healthy EBITDA margin of 67 percent, reflecting strong cost efficiency. American Tower CEO Steven Vondran highlighted continued demand for American Tower’s telecom infrastructure across markets.
In the U.S., midband spectrum upgrades and network densification fueled one of the highest quarters for Services revenue. CoreSite, the company’s data center division, delivered double-digit growth, driven by rising demand for AI-ready interconnection solutions.
While some customer-related headwinds persist in Latin America, American Tower’s international portfolio remained resilient, supported by robust cash flow and disciplined capital and cost management.
American Tower’s growth strategy capitalizes on its portfolio of nearly 149,000 communications sites. The company’s recurring revenue model is underpinned by long-term tenant leases with built-in rent escalations, high lease renewal rates, and low incremental operating costs. It continues to drive organic growth through tenant additions and equipment upgrades, while maintaining relatively low capital expenditures.
In the U.S., top customers include T-Mobile, AT&T, and Verizon. Internationally, the company serves major telecom operators such as Telefónica, Airtel, MTN, Vodafone, Orange, AMX, TIM, Millicom, and Entel. American Tower also operates a growing data center platform through CoreSite.
As of June 30, 2025, American Tower owned and operated approximately 148,800 communications sites globally. This includes over 41,800 sites in the U.S. and Canada and around 107,000 sites internationally across Latin America, Europe, Africa, and Asia-Pacific.
Latin America represented the largest international market with 48,135 sites — Brazil (22,608) and Mexico (9,702) leading the region.
Europe had 32,136 sites, led by Germany (15,313), Spain (12,313), and France (4,510).
Africa and Asia-Pacific accounted for 27,107 sites, including Nigeria (9,323), Uganda (4,452), and Kenya (4,365). These sites support wireless connectivity across urban and rural markets.
TelecomLead.com News Desk
