American Tower Corporation (ATC) reported overall revenues of $2.82 billion for the third quarter of 2023, climbing 5.5% year-on-year, the company said in its earnings statement.
American Tower’s profits for the period amounted to $577 million, down 29.6% compared to the third quarter of 2022.
For full 2023, the company said it expected its property revenues to reach $10.89-10.98 billion. American Tower Corporation also expects its net profits for the year to be in the range of $1.69-1.75 billion.