We report highly‐efficient and solid‐state excimer emission based on the acridine–o‐carborane dyad possessing the ethynyl spacer. The previous pyrene‐modified o‐carborane showed excimer emission only at 77 K in the crystalline state, meanwhile, the current acridine‐modified molecule presented excimer emission with high efficiency (ΦPL = 0.23) in the crystalline state at room temperature. From single‐crystal X‐ray crystallography, it was indicated that two acridine moieties were stacked and the third acridine molecule was out of alignment. Such a packing mode could restrict exciton splitting over the columnar packing structure. Moreover, molecular interactions through the nitrogen atom in the acridine moiety and the hydrogen atom in the o‐carborane unit contribute to suppression of molecular motions. As a consequence, an improved emission efficiency was obtained. This study demonstrates that the ethynyl–o‐carborane skeleton should work as the excimer‐inducible component in the solid state.