SBA Communications Corp (NASDAQ: SBAC) stock soared 5.02% on Tuesday, February 25, 2025, following the company's strong fourth-quarter 2024 results and positive outlook for 2025. The company reported domestic organic revenue growth of 5.1% on a gross basis and 2.2% on a net basis, driven by increased new carrier activity and bookings for new lease co-locations.
The strong performance in the fourth quarter was attributed to several factors, including increased demand for 5G mid-band coverage, fixed wireless access, and network expansion into underserved areas. SBA Communications Corp also witnessed its best quarter for US-based services business, contributing to the overall positive results.
Looking ahead to 2025, the company provided an optimistic outlook, guiding for $35 million to $39 million in domestic new leases and amendments, and $16 million to $18 million in international new leases and amendments. SBA Communications Corp also expects its services revenue to grow, with guidance ranging from $160 million to $180 million. The company's acquisition of towers from Millicom in Central America is expected to contribute approximately $42 million to cash site leasing revenue and $29 million to tower cash flow in 2025.