Filing Flows › Crown Castle (CCI) › Q1 2025
Crown Castle (CCI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Crown Castle (CCI) reported revenue of $1.1B for the first quarter 2025 (Q1 2025), -5% from a year earlier and -36% from the quarter before. Operating margin was 49.1%, net loss $464M (43.7% of revenue).
Crown Castle, Q1 2025: revenue $1.1B (-5% year over year), operating margin 49.1%, net loss $464M, operating cash flow $641M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -36% | -5% |
| Operating profit | $521M | — | — |
| Net earnings | −$464M | — | — |
| Operating cash flow | $641M | -27% | +7% |
| Free cash flow | $601M | 0% | +9% |
What changed
Revenue was $1.1B in Q1 2025, down 5% year over year and down 36% from the previous quarter.
Operating profit was $0.52B, a 49.1% margin (up 2.4 points year over year). Total costs fell 9% while revenue fell 5%. The quarter ended with a net loss of $0.46B, narrower than the previous quarter's $4.8B loss. Net interest and other expense of $1.0B was the main reason.
Operating cash flow was $0.64B (up 7% year over year). Non-cash charges added back $0.18B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.91B. Capital expenditures of $0.04B left free cash flow of $0.60B.
Questions
What was Crown Castle's revenue in the first quarter 2025?
Crown Castle (CCI) reported revenue of $1.1B for the first quarter 2025 (Q1 2025), -5% from a year earlier and -36% from the quarter before.
Was Crown Castle profitable in the first quarter 2025?
Operating profit was $521M (49.1% of revenue) and net loss $464M.
Source: Crown Castle 10-Q on SEC EDGAR.