SBA Communications Corporation (SBAC) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome and thank you all for joining today's SBA second quarter 2025 results. Please note that this call is being recorded and currently all attendees are in a listen only mode. Please stand by one moment as we get our speakers connected. Thank you so much for your patience. With that, I'd now like to formally begin today's call and turn it over to Mark DeRusso, VP of Finance. Thank you. Good evening. Thank you for joining us for SBA's second quarter 2025 earnings conference call. Here with me today are Brendan Cavanaugh, our President and Chief Executive Officer, and Marc Montagnier, our Chief Financial Officers. Some of the information we will discuss in 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, August 4th, and 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 will now turn it over to Brendan. Thank you, Mark. Good afternoon. I'm very pleased with our second quarter results, exceeding our internal projections. Both the U.S. and international businesses performed very well, and we are pleased to increase our full year guidance across all key metrics, both in total and on a constant currency basis. In the U.S., activity levels continue to improve. And this quarter represents the sixth sequential quarter where bookings i...