SBA Communications Corporation (SBAC) Q3 2025 Earnings Call November 3, 2025 5:00 PM EST
Company Participants
Mark DeRussy – Vice President of Finance
Brendan Cavanagh – CEO, President & Director
Marc Montagner – Executive VP & CFO
Conference Call Participants
Batya Levi – UBS Investment Bank, Research Division
Ric Prentiss – Raymond James & Associates, Inc., Research Division
Nicholas Del Deo – MoffettNathanson LLC
Eric Luebchow – Wells Fargo Securities, LLC, Research Division
Benjamin Swinburne – Morgan Stanley, Research Division
Michael Rollins – Citigroup Inc., Research Division
James Schneider – Goldman Sachs Group, Inc., Research Division
Aryeh Klein – BMO Capital Markets Equity Research
Michael Funk – BofA Securities, Research Division
Brandon Nispel – KeyBanc Capital Markets Inc., Research Division
David Barden – New Street Research LLP
Jonathan Atkin – RBC Capital Markets, Research Division
Brendan Lynch – Barclays Bank PLC, Research Division
Presentation
Operator
Welcome, and thank you all for joining today’s call, SBA Third Quarter 2025 Results. Please note that today’s call is being recorded. [Operator Instructions] With that, I’d now like to formally begin today’s call and introduce Mark DeRussy, Vice President of Finance.
Mark DeRussy
Vice President of Finance
Good evening, and thank you for joining us for SBA’s Third Quarter 2025 Earnings Conference Call. Here with me today are Brendan Cavanagh, our President and Chief Executive Officer; as well as Marc Montagner, 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, November 3, 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
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