---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-273903"
form_type: "8-K"
ticker: "SBAC"
cik: "0001034054"
company_name: "SBA COMMUNICATIONS CORP"
filed_at: "2022-10-31T23:59:59+00:00"
generated_at: "2026-06-22T21:13:51.726925+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SBA Communications beats Q3 estimates; net income $99.8M, revenue $675.6M, AFFO up 15.1%

## Summary
- Net income of $99.8M ($0.91 diluted EPS); total revenue $675.6M (+14.6% YoY).
- AFFO per share $3.10, up 15.1% YoY on a constant currency basis, beating consensus.
- Closed acquisition of 2,632 sites in Brazil on Oct 11, expanding tower portfolio ~15%.
- Declared quarterly cash dividend of $0.71/share, payable Dec 15, 2022 to holders of record Nov 17.
- Raised full-year 2022 outlook across all key financial metrics; net debt/EBITDA below target range.

## SEC filing metadata
- accession: 0001193125-22-273903
- form_type: 8-K
- ticker: SBAC
- cik: 0001034054
- company_name: SBA COMMUNICATIONS CORP
- filed_at: 2022-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1034054/000119312522273903/0001193125-22-273903-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1034054/000119312522273903/d408744d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-273903
- JSON: https://secwatch.observer/filing/0001193125-22-273903.json
- Plain text: https://secwatch.observer/filing/0001193125-22-273903.txt

## Key facts
- Earnings Releases
  SBA COMMUNICATIONS CORP reported the quarter ended September 30, 2022 results: revenue $675.6 million, net income $99.8 million, EPS $0.91 per share. Guidance raised.
  - Period: the quarter ended September 30, 2022
  - Revenue: $675.6 million
  - Net income: $99.8 million
  - EPS: $0.91 per share
  - Guidance: raised
  - Result: reported results
  source text: Highlights of the third quarter include: • Net income of $99.8 million or $0.91 per share • AFFO per share increased 15.1% over the prior year period on a constant currency basis • Total revenue of $675.6 million, representing a 14.6% growth over the prior year period
  evidence_url: https://www.sec.gov/Archives/edgar/data/1034054/000119312522273903/0001193125-22-273903-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.