Crown Castle Q2 net income rises to $291 million; full-year 2025 outlook raised
Crown Castle reported second-quarter 2025 results and raised its full-year 2025 outlook, with net income and diluted earnings per share up from a year earlier. Site rental revenues, Adjusted EBITDA and AFFO declined, and the company is selling its fiber and small cells businesses for $8.5 billion, with closing expected in the first half of 2026. Results exclude the Fiber Business, which is presented as discontinued operations.
Key points
- Q2 2025 site rental revenues were $1,008 million, down 5% from $1,064 million in Q2 2024.
- Q2 2025 net income was $291 million, or $0.67 per diluted share, versus $251 million, or $0.58, a year earlier.
- Q2 2025 Adjusted EBITDA was $705 million, down 3% from $727 million; AFFO was $444 million, or $1.02 per share.
- Full-year 2025 AFFO outlook midpoint rose $35 million to $1,830 million; Adjusted EBITDA midpoint rose $25 million to $2,805 million.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing 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 July 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.