SBA Communications Corporation (SBAC) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome and thank you for joining the SBA first quarter 2025 results. This call is being recorded. All participant audio lines are in listen-only mode. There will be a Q&A session at the end of prepared remarks. At that time, you can dial pound two on your phone to enter the question queue. With that, I'll turn the call over to Mark DeRossi, Vice President of Finance. Please go ahead. Thank you. Good evening, and thank you for joining us for SBA's first quarter 2025 earnings conference call. Here with me today are Brendan Cavanaugh, our President and Chief Executive Officer, and Mark Montagnier, our Chief Financial Officer. Some of the information we will discuss on this call is forward-looking, including but not limited to any guidance for 2025 and beyond. In today's press release and in our SEC filings, we detail material risks that may cause our future results to differ from our expectations. Our statements are as of today, April 28, that we have no obligation to update any forward-looking statement we may make. In addition, our comments will include non-GAAP financial measures and other key operating metrics. The reconciliation of and other information regarding these items can be found in our supplemental financial data package, which is located on the landing page of our investor relations website. With that, I'll now turn it over to Brendan. Great. Thank you, Mark, and good afternoon. 2025 got off to a good start in the first quarter. Results were broadly in line with our estimates, and activity levels continued to demonstrate a healthy level of growth. In the US, our mobile network operator customers continued growing their level of network investment around our macro tower sites. We had our best quarter going back several years in terms of new domestic leasi...