Verizon Communications Inc. (NYSE, Nasdaq: VZ) reported its fourth-quarter and full-year 2024 financial results on January 24, 2025, showcasing significant growth in wireless and broadband sectors.
Key Financial Highlights:
Earnings Per Share (EPS): The company reported an EPS of $1.10 for Q4 2024, slightly surpassing analyst expectations of $1.09.
Revenue: Verizon's total operating revenue for the quarter was $35.7 billion, a 1.6% increase from the previous year, exceeding the anticipated $35.3 billion.
Subscriber Growth:
Wireless: The company added 568,000 net new postpaid phone subscribers in Q4, marking its best performance in five years and surpassing the expected 488,000.
Broadband: Verizon reported 408,000 net additions in its broadband segment, with 373,000 coming from its fixed-wireless service.
Strategic Developments:
In September 2024, Verizon announced plans to acquire Frontier Communications for $20 billion in cash, aiming to enhance its fiber network services.
2025 Outlook:
Looking ahead, Verizon forecasts a wireless service revenue growth of 2% to 2.8% and adjusted EPS growth of up to 3% for 2025.
These results underscore Verizon's strong market position and its commitment to expanding its wireless and broadband services.
Disclaimer:
I am a long-term shareholder in Verizon and trade opportunistically based on market conditions. My views on Verizon's earnings and financial outlook are based on my personal analysis and investment strategy. This article is for informational purposes only and should not be considered financial or investment advice. Always conduct your own due diligence and consult with a qualified financial advisor before making any investment decisions.
