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2025-07-31 04:09
Business Outlook
| 2025 Guidance | ||||||||||
| (in millions, except per share data) | ||||||||||
Prior FY 2025 |
Guidance Adjustment |
Foreign Exchange Impact |
Revised FY 2025 |
Q3 2025 Guidance |
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| Revenues | $9,175 - 9,275 | +$5 | +$53 | $9,233 - 9,333 | $2,314 - 2,334 | |||||
Adjusted EBITDA Adjusted EBITDA Margin % |
$4,471 - 4,551 ~49% |
+$21 | +$25 | $4,517 - 4,597 ~49% |
$1,139 - 1,159 49 - 50% |
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| AFFO | $3,675 - 3,755 | +$17 | +$11 | $3,703 - 3,783 | ||||||
| AFFO per Share (Diluted) | $37.36 - 38.17 | +$0.20 | +$0.11 | $37.67 - 38.48 | ||||||
Non-recurring Capital Expenditures (includes xScale) |
$3,168 - 3,398 | +$449 | +$28 | $3,520 - 4,000 | ||||||
Recurring Capital Expenditures % of revenues |
$258 - 278 ~3% |
+$11 | +$3 | $272 - 292 ~3% |
$70 - 90 3 - 4% |
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| Expected Cash Dividends | ~$1,836 | - | - | ~$1,836 | ||||||