Verizon Communications ( (VZ) ) has released its Q1 earnings. Here is a breakdown of the information Verizon Communications presented to its investors.
Verizon Communications Inc. is a leading telecommunications company providing wireless services, broadband, and related products to consumers and businesses globally. Headquartered in New York City, Verizon is known for its robust network connectivity and innovative service offerings.
In its first-quarter 2025 earnings report, Verizon Communications showcased strong financial growth, driven by its industry-leading wireless service revenue and strategic customer segmentation. The company highlighted its success in expanding its broadband market share and maintaining momentum in both mobility and broadband sectors.
Verizon reported a total wireless service revenue of $20.8 billion, marking a 2.7% increase year-over-year. The company’s total operating revenue reached $33.5 billion, up 1.5% from the previous year. Notably, Verizon achieved a net income of $5.0 billion, reflecting a 6% increase compared to the same period in 2024. The company also saw improvements in its earnings per share (EPS), which rose to $1.15 from $1.09 in the previous year.
The company continued to see strong demand for its Fios and fixed wireless access offerings, with broadband net additions of 339,000 in the first quarter. Verizon’s consumer segment reported a revenue increase to $25.6 billion, driven by gains in wireless service revenue. Meanwhile, Verizon Business experienced a slight decline in total revenue but saw a significant 66.4% increase in operating income.
Looking forward, Verizon remains optimistic about achieving its 2025 financial goals, with expectations of continued growth in wireless service revenue and adjusted EBITDA. The company plans to maintain its strategic focus on customer-first initiatives and network investments to drive future growth and innovation.