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研究快訊:SBA通訊公司第一季業績:Millicom整合推動成長,但利潤率面臨挑戰

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-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下:SBAC公佈的第一季營收為7.03億美元(年增5.9%),超出市場預期900萬美元,而2025年第一季的營收為6.64億美元。站點租賃收入較去年同期成長6.5%至6.56億美元(剔除匯率影響後成長4.5%),而站點開發收入則下降1.6%至4,700萬美元。國際站點租賃收入年增32.6%(剔除匯率影響後成長24.8%)至2.06億美元,主要得益於成功整合Millicom的資產以及在中美洲不斷擴大的定製鐵塔開發業務。剔除客戶流失的影響後,有機租賃收入年增8.3%,其中Sprint相關的客戶流失率為1.3%,常規客戶流失率為2.7%。強勁的國際業績反映了近期收購資產的成功整合以及在中美洲市場的持續策略擴張。儘管國內市場持續面臨業務波動帶來的不利因素,但整體營運指標仍展現出穩健的潛在成長勢頭,而國際業務則顯著加速了成長。

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