American Tower Q4 revenue rises 7.5% as Q4 net income falls 33.3%
American Tower reported fourth quarter and full year 2025 results, with revenue up 7.5% to $2,738 million in the quarter and up 5.1% to $10,645 million for the year. Quarterly net income attributable to common stockholders fell 33.3% to $821 million, while full year figures rose 12.2% to $2,530 million. The company's 2026 outlook projects Adjusted EBITDA of $7,090 million to $7,160 million, a midpoint decline of 0.1% from 2025.
Key points
- Q4 2025 total revenue rose 7.5% to $2,738 million; full year 2025 revenue rose 5.1% to $10,645 million.
- Q4 2025 net income attributable to AMT common stockholders fell 33.3% to $821 million; full year rose 12.2% to $2,530 million.
- Full year 2025 AFFO attributable to common stockholders per share was $10.76, up 2.1%; per share, as adjusted, rose 8.0%.
- 2026 outlook: Adjusted EBITDA of $7,090 million to $7,160 million and AFFO per share of $10.78 to $10.95, with AFFO growth at the midpoint of 0.7%.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 24, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.