SBAC · 10-Q · 2026Q2 · Full report
Segment Profitability
SBA COMMUNICATIONS CORP · 2026-08-06 · Importance 69 · Surprise 64 · In source text
Six-month total operating profit increased $25.0 million, or 3.7%, to $694.7 million, while constant-currency operating profit increased $15.3 million, or 2.3%. International site leasing operating profit rose $80.3 million, or 90.9%, including a $70.7 million constant-currency increase, due to higher revenue and the positive impact of the ground lease purchase program. Domestic site leasing operating profit decreased $41.0 million, or 6.7%, primarily because of Sprint, EchoStar, and other lease non-renewals. Site development operating profit declined $7.5 million, or 48.0%, because of decreased carrier activity and higher construction costs as a percentage of revenue.
Key facts
- Adjusted EBITDA for the three months ended June 30, 2026 was $483,815 (thousands) versus $475,484 (thousands) prior year, an increase of $8,312 (thousands). source
- Adjusted EBITDA for the six months ended June 30, 2026 was $959,204 (thousands) versus $932,774 (thousands) prior year, an increase of $26,430 (thousands); on a constant currency basis Adjusted EBITDA increased $10,309 (thousands) or 1.1%. source
- For the three months ended June 30, 2026, international site leasing segment operating profit was $148,788 (thousands) vs $112,831 (thousands) prior year, a constant-currency increase of $27,050 (thousands) or 24.0%. source
- For the three months ended June 30, 2026, domestic site leasing segment operating profit was $381,021 (thousands) vs $400,386 (thousands) prior year, a decrease of $19,365 (thousands) or 4.8%. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +52.6% | For the three months ended June 30, 2026, international site leasing segment operating profit was $148,788 (thousands) vs $112,831… |
| operating_income | positive | realized | +51.4% | Adjusted EBITDA for the six months ended June 30, 2026 was $959,204 (thousands) versus $932,774 (thousands) prior year, an increase of… |
| operating_income | negative | realized | -37.7% | For the three months ended June 30, 2026, domestic site leasing segment operating profit was $381,021 (thousands) vs $400,386 (thousands)… |
| operating_income | positive | realized | +16.2% | Adjusted EBITDA for the three months ended June 30, 2026 was $483,815 (thousands) versus $475,484 (thousands) prior year, an increase of… |