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American Tower Corporation ($AMT) reported its fourth quarter and full year 2024 financial results, showing total revenue of $2.55 billion, which represents a year-over-year increase of 3.7%. This figure surpassed analysts' expectations of $2.51 billion. The company's net income surged to $1.23 billion, reflecting a dramatic increase of 9,151.9%. Adjusted EBITDA for the quarter reached $1.69 billion, also exceeding estimates of $1.67 billion. Additionally, American Tower reported an adjusted funds from operations (AFFO) of $1.088 billion, marking a 1.7% increase compared to the previous year. For 2025, the company anticipates adjusted EBITDA between $6.68 billion and $6.93 billion, slightly above the consensus estimate of $6.92 billion. The results were bolstered by strong global 4G and 5G deployments along with effective cost controls.
