![SBA COMMUNICATIONS CORP [SBAC] reports annual net loss of $497.4 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FSBAC.png&w=3840&q=75)
SBA COMMUNICATIONS CORP [SBAC] reports annual net loss of $497.4 million
Company Reports Revenue of $2.7 billion
SBA COMMUNICATIONS CORP [SBAC] has reported a net loss of $497.4 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $2.7 billion
Based in BOCA RATON, Florida, SBA COMMUNICATIONS CORP operates in the FINANCE sector.
In the 12 months ended December 31, 2023, SBA Communications Corporation reported revenues of $2.71 billion, showcasing a rise from $2.63 billion in the previous year and $2.31 billion in 2021. The revenue increase is mainly driven by the growth in site leasing and site development segments.
Cost of revenues, excluding depreciation, accretion, and amortization, totaled $1.79 billion this year, compared to $1.71 billion in the prior year and $1.53 billion in 2021. This increase is primarily due to higher costs in site leasing, site development, and other operating expenses.
