Short answer
American Tower (AMT) filed its Q3 2025 10-Q quarterly report on Oct 28, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $246M (up 32.5% year over year) with net income of $853M.
Q3 2025 key financials · XBRL
- Revenue
- $246M
- +32.5% YoY · +1.1% QoQ
- Net income
- $853M
- +207.7% YoY · +132.6% QoQ
- Operating margin
- 500.5%
- EPS (diluted)
- $1.81
- +206.5% YoY · +129.1% QoQ
Source: XBRL data from the American Tower (AMT) Q3 2025 10-Q on SEC EDGAR. USD.
American Tower Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $2.717B, up 8% YoY from $2.522B; total nine-month revenue $7.907B, up 4% YoY from $7.580B
- Operating profit three months $1.872B (Property $1.831B + Services $41M), up 6% YoY from $1.743B; nine months $5.486B, up 5% YoY from $5.294B
- Best performing segment: Africa & APAC Property revenue up 23% QoQ to $371M; worst: Latin America Property revenue down 7% nine months to $1.205B
- Gross margin three months 72.1% (Total property $1.959B on $2.616B revenue), up from 74.6% YoY; total direct expenses impact varies by region with some FX headwinds
- Legal dispute with AT&T Mexico affecting ~$300M 2024 tenant revenue; $19M reserves incurred YTD, $30M expected full year; partial payment resumed after September 2025 agreement
Risk Factors
- No new or materially updated risk factors disclosed since most recent 10-K filing
- Regulatory risk: ongoing compliance with Sarbanes-Oxley Act certifications filed under Sections 302 and 1350
- Operational risk: no changes noted impacting near-term tower leasing or infrastructure deployment
- Financial risk: new Indenture dated June 2, 2025, with U.S. Bank Trust Company as Trustee disclosed
- Competitive risk: no additional disclosures on market dynamics or competition pressures in this quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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