When Matt Evans was hired to be the director of European investments for DigitalBridge Group (DBRG) in November 2021, the company’s stock was at $30.68. It is unknown what stock incentive plan awards he was eligible for then. Still, this morning, the stock dropped to $9.82 and continues to lose the slight, short-lived increase it saw on March 18, 2025, possibly due to an announcement that Crown Castle had reached an agreement with Zayo, a DigitalBridge portfolio company, to sell its fiber assets for $4.25 billion.
In late 2021, when it was announced that Matt Evans was hired as Digital Bridge Group, Inc.’s Managing Director Head of Europe, he said, “I am excited to be joining the DigitalBridge team at such a pivotal time.”
According to Bloomberg, he is leaving DigitalBridge at a pivotal time as the company tries to shore up its flagging stock value. The company’s stock has fallen about 47% in the past 12 months, trailing the S&P 500’s 10% gain.
DigitalBridge’s European investments include a stake in GD Towers, Deutsche Telekom AG’s telecommunications business with operations in Germany and Austria, Belgium Tower Partners, and FreshWave, a UK wireless infrastructure provider.
Both Evans and DigitalBridge have declined to comment.
Last week, DigitalBridge’s portfolio company, Zayo, announced that it acquired Crown Castle’s fiber solutions business for approximately $4.25 billion.
The acquisition expands the Zayo network with approximately 90,000 additional route miles of fiber and 70,000 on-net locations.
Despite rapid revenue growth, DigitalBridge has faced rising operational costs, which have impacted profitability. This imbalance between revenue and expenses has raised concerns among investors about the company’s financial health.
Over the last three years, DigitalBridge’s earnings per share (EPS) have declined at a compound annual rate of 21%. This consistent decrease in earnings has likely eroded investor confidence, leading to a corresponding drop in share price.
Financial analysts have revised their outlooks for the company. For instance, JPMorgan Chase & Co. reduced their price target for DigitalBridge from $20.00 to $18.00, maintaining an “overweight” rating on the stock. Such downward revisions can signal caution to investors, influencing stock performance.
DigitalBridge CEO Marc Ganzi was in Berlin yesterday for the Infrastructure Investor Network’s global summit, where he discussed powering the AI economy.