Why AST SpaceMobile Is the Bigger Winner of the AT&T, T-Mobile, and Verizon Joint Venture American Tower (NYSE:AMT) raised its full-year 2026 outlook for the second time this year after reporting second-quarter growth in tower leasing and record leasing activity at its CoreSite…
ta center business. President and CEO Steve Vondran said the company’s performance was supported by “robust leasing demand” across its global tower portfolio, continued operational discipline and growing demand for interconnected data center capacity
He said the company remains focused on durable revenue growth, improved operating efficiency and disciplined capital allocation. – AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival? “The strength and consistency of our execution, combined with the momentum we’re seeing across the business, enabled us to raise our full-year outlook for the second time this year,” Vondran said. Second-quarter results Chief Financial Officer Rod Smith said consolidated property revenue increased more than 5% year over year in the second quarter, excluding non-cash straight-line revenue and foreign-exchange effects. On a cash, foreign-exchange-neutral basis and excluding one-time churn related to DISH, property revenue grew more than 7%. – AST SpaceMobile Gets FCC Green Light for Direct-to-Device Service After Launch Setback Organic tenant billings growth was nearly 2%, or about 4% excluding the DISH-related churn.
Data center cash revenue grew approximately 12%. Adjusted EBITDA increased more than 3% excluding net straight-line revenue and foreign-exchange impacts. Excluding the one-time DISH churn, adjusted EBITDA increased more than 6% on a cash, foreign-exchange-neutral basis.