Crown Castle Beats Q4 Estimates, Cuts 20% Workforce for $65M Savings
Crown Castle posted Q4 2025 EPS of $0.67, beating estimates by $0.12, and revenue of $1.07 billion. It surpassed full-year guidance with $4.05 billion in site rental revenue, $2.86 billion adjusted EBITDA and $1.90 billion AFFO while cutting 20% of staff to save $65 million annually.
1. Q4 2025 Performance
In the fourth quarter of 2025, the company delivered EPS of $0.67, outpacing consensus by $0.12, with revenue totaling $1.07 billion. Leadership initiated the divestiture of its fiber and small cell operations and implemented a 20% workforce reduction to secure approximately $65 million in annual operating savings.
2. Full-Year 2025 Results
For the full year, site rental revenue reached $4.05 billion, adjusted EBITDA amounted to $2.86 billion and AFFO rose to $1.90 billion, all figures exceeding prior guidance. Organic growth stood at 4.9%, excluding the impact of Sprint churn, reflecting robust demand across its tower and fiber assets.
3. 2026 Outlook and Financial Strategy
Management anticipates declines in site rental revenue and adjusted EBITDA in 2026 due to DISH terminations and Sprint cancellations, while forecasting a slight uptick in AFFO driven by lower interest costs and cost-cutting measures. The company will maintain a $4.25 annual dividend, execute a $1 billion share repurchase, reduce debt by $7 billion and views 2026 as a temporary growth trough ahead of stronger momentum in 2027.