Loading...
•
Dec 31, 2025
American Tower Q4 2025 Earnings Report
American Tower reported higher revenue and AFFO growth in Q4 2025, while net income declined due to foreign exchange impacts.
Key Takeaways
American Tower delivered 7.5% revenue growth in Q4 2025, supported by solid organic tenant billings growth of 5.9%. However, net income declined 32.0% year-over-year primarily due to foreign currency impacts, while AFFO increased 13.1%.
Total revenue increased 7.5% year-over-year to $2.74 billion.
Net income declined 32.0% year-over-year to $837 million.
AFFO attributable to common stockholders rose 13.1% to $1.23 billion.
Organic tenant billings growth reached 5.9% globally.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For full year 2026, American Tower expects modest property revenue growth and relatively flat Adjusted EBITDA, with continued AFFO growth.
Positive Outlook
- Total property revenue midpoint of $10515000000 reflects 2.0% growth.
- Net income midpoint of $2985000000 implies 14.1% growth.
- AFFO midpoint of $5075000000 reflects continued stability.
- Data Centers segment expected double-digit growth.
- Positive foreign currency impact expected in 2026.
Challenges Ahead
- Adjusted EBITDA midpoint implies slight decline of 0.1%.
- U.S. & Canada property revenue expected to decline.
- Negative impact from straight-line revenue recognition.
- Organic tenant billings growth modest overall.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...