Crown Castle Shares Rise on Earnings Beat and Upbeat Outlook

The company reported earnings per share of $0.67 for the quarter, well above the analyst consensus of $0.48. Revenue came in at $1.08 billion, surpassing the $1.04 billion estimate, supported by a 4.7% organic increase in site rental billings, excluding Sprint-related cancellations.

Crown Castle (NYSE:CCI) shares advanced more than 2% in premarket trading after the wireless tower operator posted stronger-than-expected second-quarter results and lifted its 2025 guidance.

Crown Castle raised its full-year 2025 outlook, projecting adjusted EBITDA between $2.78 billion and $2.83 billion—$25 million higher than its previous guidance. The company also boosted its AFFO per share forecast to $4.14–$4.25, up $0.08.

The improved forecast reflected a $10 million gain in site rental revenues, a $10 million reduction in overhead, and a $5 million boost to services gross margin.