Fubotv earnings beat by $0.10, revenue topped estimates
PORTSMOUTH, N.H. - On Wednesday, Iron Mountain (NYSE:IRM) reported record quarterly revenue of $1.71 billion for the second quarter of 2025, exceeding analyst expectations of $1.68 billion, while adjusted earnings per share came in slightly below estimates.
The company’s stock rose 1.51% in pre-market trading following the announcement.
The information management services provider saw revenue increase 11.6% YoY, or 11.0% excluding foreign exchange effects. While the company’s adjusted EPS of $0.48 fell short of the $0.50 analyst consensus, Iron Mountain raised its full-year 2025 guidance, citing strong operational performance across its business segments.
"We are pleased to report outstanding performance in the second quarter, resulting in record financial performance across all key metrics and above our expectations," said William L. Meaney, President and CEO of Iron Mountain.
The company’s data center, digital, and asset lifecycle management businesses collectively grew more than 30%, while storage rental revenue increased 9.8% to $1.01 billion and service revenue jumped 14.2% to $702 million compared to the same quarter last year.
Iron Mountain reported a net loss of $43.3 million for the quarter, compared to net income of $34.6 million in Q2 2024, primarily due to a $43 million loss from changes in exchange rates on intercompany balances. Despite this, the company achieved record quarterly adjusted EBITDA of $628.4 million, up 15.4% YoY, and record AFFO of $369.7 million, or $1.24 per share.
For the full year 2025, Iron Mountain now expects revenue between $6.79 billion and $6.94 billion, up from its previous guidance of $6.74-6.89 billion and in line with analyst expectations of $6.79 billion. The company also raised its AFFO per share guidance to $5.04-$5.13, up from $4.95-$5.05 previously.
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