Loading...
•
Jun 30, 2025
Crown Castle Q2 2025 Earnings Report
Crown Castle reported solid second quarter 2025 results, driven by strong operational performance and increased leasing activity, leading to an increased full-year 2025 outlook.
Key Takeaways
Crown Castle delivered solid results in the second quarter of 2025, with net income increasing by 16% year-over-year to $291 million and diluted EPS reaching $0.67. The company's site rental revenues were $1,008 million, and Adjusted EBITDA was $705 million. The strong performance led to an increased full-year 2025 outlook, with organic growth in site rental billings expected to be 4.7% excluding Sprint Cancellations.
Net income increased by 16% to $291 million in Q2 2025 compared to Q2 2024.
Diluted EPS rose by 16% to $0.67 in Q2 2025 from $0.58 in Q2 2024.
Site rental revenues were $1,008 million, a 5% decrease from Q2 2024, primarily due to Sprint Cancellations.
The company increased its full-year 2025 outlook, with organic growth in site rental billings expected to be 4.7% excluding Sprint Cancellations.
Revenue by Segment
Forward Guidance
Crown Castle increased its full-year 2025 outlook, reflecting higher site rental revenues, improved Adjusted EBITDA, and increased AFFO, while also making progress on the sale of its Fiber Business.
Positive Outlook
- Site rental revenues outlook increased by $10 million due to higher Organic Contributions to Site Rental Billings.
- Adjusted EBITDA outlook increased by $25 million, driven by higher site rental revenues, reduced selling, general, and administrative costs, and increased services and other gross margin.
- AFFO outlook increased by $35 million, benefiting from the Adjusted EBITDA increase and a $10 million reduction in interest expense.
- Net income outlook increased by $35 million.
- Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations is expected to increase from 4.5% to 4.7%.
Challenges Ahead
- Site rental revenues are expected to decrease year-over-year by approximately 5.8% based on the midpoint of the outlook.
- Non-renewals, including those associated with Sprint Cancellations, are expected to negatively impact site rental billings.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...