Verizon Communications ( (VZ) ) has released its Q4 earnings. Here is a breakdown of the information Verizon Communications presented to its investors.
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Verizon Communications Inc., a leading telecommunications company, provides mobile and broadband services, excelling in network reliability and customer satisfaction across the globe.
In its 2024 earnings report, Verizon showcased significant customer growth and profitability, particularly in the fourth quarter, highlighted by the addition of nearly 1 million postpaid mobile and broadband subscribers. The company also reported industry-leading wireless service revenues, reinforcing its market position.
Key financial metrics from 2024 include a total operating revenue of $134.8 billion, reflecting a 0.6% increase from 2023, and full-year earnings per share of $4.14, up from $2.75 the previous year. Verizon achieved a full-year free cash flow of $19.8 billion, demonstrating effective capital allocation and strategic investments. The fourth-quarter saw a revenue boost to $35.7 billion, driven by a 3.1% increase in wireless service revenue.
Verizon continues to strengthen its market presence with strategic initiatives such as the pending Frontier acquisition and new satellite partnerships. The company is well-positioned for future growth, aiming for significant milestones in fixed wireless access subscribers by 2028.
Looking ahead to 2025, Verizon anticipates moderate growth in wireless service revenue, adjusted EBITDA, and adjusted EPS, while maintaining robust cash flow and capital expenditures. This outlook reflects the company’s strategic focus on enhancing network capabilities and customer experience.
