Cellnex Telecom SA

CLNX: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Cellnex Earnings: Steady Results but Tenancy Growth Remains the Missing Link

Javier Correonero

Nov 7, 2025

Cellnex's third-quarter results were in line with guidance and company-compiled consensus, with revenue up 5.7% and EBITDA after leases up 7.5% year to date.

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Cellnex Telecom SA

Cellnex Earnings: Steady Results but Tenancy Growth Remains the Missing Link

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