American Tower posts upbeat revenue on strong leasing activity amid 5G, data-center growth

Reuters

Tue, February 24, 2026 at 9:26 PM GMT+9 1 min read

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Feb 24 (Reuters) - American Tower on Tuesday posted fourth-quarter revenue above Wall Street ‌estimates, lifted by stronger leasing activity ‌from telecom carriers and continued momentum in data-center ​demand.

U.S. wireless operators have been steadily expanding network capacity and coverage, with rising 5G rollouts, growing AI-related workloads and robust data‑center demand ‌underscoring the need ⁠for additional tower space and related infrastructure.

“Leasing demand across our global ⁠tower portfolio and data center business remains robust, underpinned by sustained growth in mobile ​data consumption, ​continued 5G deployment, ​and increasing hybrid-cloud ‌and AI-related workloads,” said CEO Steven Vondran.

The company posted revenue of $2.74 billion, compared to analysts’ estimates of $2.69 billion, according to data compiled by LSEG.

American Tower, which operates and ‌develops wireless and broadcast ​communications infrastructure, leases space to ​wireless service ​providers, along with radio and ‌television broadcasters. Its major customers ​include telecom ​giants AT&T, Verizon, and T-Mobile.

Revenue from its property segment, which includes the core ​site-leasing business, ‌rose 7.6% to $2.67 billion in the ​quarter.

(Reporting by Kritika Lamba in Bengaluru; ​Editing by Vijay Kishore)

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