Carrier Investments Drive American Tower’s 22 Percent Revenue Growth in Q3, Raises FY21 Outlook

A logo sign outside of an American Tower Corporation office in Woburn, Mass., in September 2019. Google Maps/Screenshot via The Epoch Times

American Tower Corp. reported third-quarter FY21 revenue growth of 21.9 percent year-on-year to $2.45 billion, beating the consensus of $2.41 billion. Property revenue increased 19.2 percent Y/Y to $2.37 billion.

Tenant Billings grew 15 percent to $235 million. Organic Tenant Billings increased 4.9 percent to $76 million.