Q2 25 EPS
$0.67
Q2 25 Revenue
$1.06B
vs S&P Since Q2 25
-31.0%
TRAILING MARKET
CCI -17.4% vs S&P +13.6%
Market Reaction
Did CCI Beat Earnings? Q2 2025 Results
Crown Castle posted a mixed but forward-leaning Q2 2025, with net income climbing 16% to $291 million, or $0.67 per diluted share, even as total revenues of $1.06 billion reflected the persistent drag from Sprint Cancellations. Site rental revenues f… Read more Crown Castle posted a mixed but forward-leaning Q2 2025, with net income climbing 16% to $291 million, or $0.67 per diluted share, even as total revenues of $1.06 billion reflected the persistent drag from Sprint Cancellations. Site rental revenues from continuing operations fell 5.3% year-over-year to $1.01 billion, with $51 million in Sprint non-renewals serving as the single largest headwind, though the underlying tower business held its own as organic site rental billings growth, excluding those cancellations, came in at 4.7%. Adjusted EBITDA slipped 3% to $705 million, partially cushioned by $37 million in lower SG&A costs tied to prior restructuring actions. The company used the momentum to raise its full-year 2025 outlook, lifting AFFO guidance by $35 million to a $1.81 billion to $1.86 billion range and nudging organic growth expectations to 4.7%. Adding a strategic dimension to the print, Crown Castle simultaneously announced the appointment of former Vantage Towers chief Christian Hillabrant as its incoming CEO, effective September 15, as the company presses forward with its $8.50 billion Fiber Business sale to EQT and Zayo.
Key Takeaways
- • 4.7% organic growth in site rental billings excluding Sprint Cancellations
- • Core leasing activity of $28M driven by customer network capacity augmentation
- • $37M decrease in SG&A costs from staffing reductions and office closures announced in June 2024
- • Absence of $20M advisory fees incurred in Q2 2024
- • $6M increase in services contribution
- • Sprint Cancellations created $51M headwind in Q2 2025
- • $34M decrease in straight-lined revenues and $16M decrease in amortization of prepaid rent
CCI YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
CCI Revenue by Segment
With YoY comparisons, source: SEC Filings
CCI Revenue by Geography
Regional revenue distribution
“With strong operational performance and higher leasing activity from our customers as they continue to augment capacity in their networks, we delivered solid results in the second quarter and increased our full year 2025 Outlook.”
— Dan Schlanger, Q2 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 | — |