International highlights from American Tower’s Q2 2016 earnings call
On July 28, American Tower (AMT) held its earnings call for Q2 2016. Leah Stearns, SVP, Treasurer and IR, Thomas Bartlett, CFO and EVP and James Taiclet, Chairman, President and CEO of American Tower joined the call and discussed AMT’s performance and future outlook.
Key financial data
In terms of revenue, AMT reports growth of 23% to over US$1.44bn while adjusted EBITDA grew to US$869mn (+14%). Adjusted EBITDA margin was around 60% in Q2, including the negative effect of pass-through of approximately 9%.
Bartlett highlighted how AMT had yet another strong quarter thanks to tenant billing growth as well as good performance margins and reiterated how AMT’s Indian team is currently integrating more than 42,000 sites into the company’s portfolio following the Viom’s acquisition.