Q1 25 EPS
$-1.07
Q1 25 Revenue
$1.06B
vs S&P Since Q1 25
-40.6%
TRAILING MARKET
CCI -11.6% vs S&P +29.0%
Market Reaction
Did CCI Beat Earnings? Q1 2025 Results
Crown Castle posted a steep headline loss in the first quarter of 2025, reporting earnings per share of -$1.07 and revenue of $1.06 billion, as the tower company absorbed an $830 million loss on disposal tied to its landmark agreement to sell its sma… Read more Crown Castle posted a steep headline loss in the first quarter of 2025, reporting earnings per share of -$1.07 and revenue of $1.06 billion, as the tower company absorbed an $830 million loss on disposal tied to its landmark agreement to sell its small cells and fiber solutions businesses to EQT and Zayo for $8.50 billion in aggregate. That transaction drove a net loss of $464 million for the quarter, swinging sharply from net income of $311 million a year earlier, and left Crown Castle reclassified as a pure-play U.S. Tower operator with the Fiber Business now in discontinued operations. Beneath the headline noise, the underlying tower franchise held relatively steady; organic contribution to site rental billings grew 5.1% excluding Sprint cancellations, though $51 million in Sprint cancellations produced a 5.3% year-over-year decline in site rental revenues. Adjusted EBITDA fell 4% to $722 million, while AFFO came in at $1.10 per share. Management maintained its full-year 2025 outlook unchanged, targeting AFFO of $4.06 to $4.17 per share, with the fiber sale expected to close in the first half of 2026.
Key Takeaways
- • 5.1% organic growth in tower business excluding Sprint Cancellations, driven by strong U.S. activity levels
- • Core leasing activity of $28M consistent with prior quarters
- • Escalators contributed $24M in Q1 2025
- • $21M decrease in SG&A costs from staffing reductions and office closures announced June 2024
- • $6M increase in services contribution
CCI YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
CCI Revenue by Segment
With YoY comparisons, source: SEC Filings
CCI Revenue by Geography
Regional revenue distribution
“We delivered solid operational and financial results in the first quarter, as a continuation of strong activity levels in the U.S. drove 5% organic growth in our tower business excluding the impact of Sprint Cancellations, positioning us well to meet our full year 2025 Outlook.”
— Dan Schlanger, Q1 2025 Earnings Press Release
CCI Earnings Trends
CCI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CCI EPS Trend
Earnings per share: estimate vs actual
CCI Revenue Trend
Quarterly revenue: estimate vs actual
CCI Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | — | — | — | — |
| Q4 25 BEAT FY | $0.54 | $0.67 | +23.09% | $1.07B | +0.98% |
| FY Full Year | $2.45 | $1.01 | -58.76% | $4.26B | +0.22% |
| Q3 25 BEAT | $0.49 | $0.74 | +51.02% | $1.07B | +1.82% |
| Q2 25 | — | $0.67 | — | $1.06B | — |
| Q1 25 | — | $-1.07 | — | $1.06B | — |