Verizon reported strong financial performance, subscriber growth, and strategic advancements in AI, offset by headwinds from promo amortization and wireline revenue pressures. The sentiment is cautiously optimistic with a positive outlook for 2025.

Company Guidance

During the Verizon Q4 2024 earnings call, the company provided guidance for 2025, highlighting several key financial metrics and strategic initiatives. Verizon expects total wireless service revenue to grow between 2% and 2.8%, driven by improving postpaid consumer phone net additions, healthy business phone volumes, and scaling fixed wireless access. Adjusted EBITDA is projected to grow by 2% to 3.5%, reflecting higher wireless service revenue and ongoing cost transformation initiatives, despite pressures in business wireline revenues. Additionally, full-year adjusted earnings per share growth is anticipated to be flat to up 3%, with capital spending forecasted between $17.5 billion and $18.5 billion. Free cash flow is expected to range from $17.5 billion to $18.5 billion, excluding the impact of the pending Frontier acquisition. The company also discussed its strategic focus on AI, introducing Verizon's AI Connect to capitalize on the growing demand for AI applications, leveraging their existing network and data center assets to drive future growth.

Strong Financial Performance

Verizon delivered on its financial guidance with 3.1% wireless service revenue growth and 2.1% adjusted EBITDA growth, both exceeding the midpoint of guided ranges.

Subscriber Growth

Added nearly 2.5 million postpaid mobility and broadband subscribers in 2024, with nearly 900,000 postpaid phone net adds and a positive turnaround in prepaid net adds.

Broadband Market Share Increase

Added nearly 1.6 million broadband subscribers, with a significant contribution from fixed wireless access, and grew market share in 2024.

AI Strategy and Verizon AI Connect

Launched Verizon AI Connect, leveraging existing assets to meet the growing demand for AI applications, with a potential $40 billion TAM.

Debt Reduction and Dividend Increase

Continued debt pay-down, ending the year with a net unsecured debt to adjusted EBITDA ratio of 2.3x, and raised the dividend for the 18th consecutive year.

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Verizon (GB:0Q1S) Earnings, Revenues Date & History

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GB:0Q1S Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 24, 2018	2018 (Q2)	- / 1.20	0.96	25.00% (+0.24)	―	―
Oct 23, 2018	2018 (Q3)	- / 1.22	0.98	24.49% (+0.24)	―	―
Jan 29, 2019	2018 (Q4)	- / 1.12	0.86	30.23% (+0.26)	―	―
Apr 23, 2019	2019 (Q1)	- / 1.20	1.17	2.56% (+0.03)	―	―
Aug 01, 2019	2019 (Q2)	- / 1.23	1.2	2.50% (+0.03)	―	―
Oct 25, 2019	2019 (Q3)	- / 1.25	1.22	2.46% (+0.03)	―	―
Jan 30, 2020	2019 (Q4)	- / 1.13	1.12	0.89% (<+0.01)	―	―
Apr 24, 2020	2020 (Q1)	- / 1.26	1.2	5.00% (+0.06)	―	―
Jul 24, 2020	2020 (Q2)	- / 1.18	1.23	-4.07% (-0.05)	―	―
Oct 21, 2020	2020 (Q3)	- / 1.25	1.25	0.00% (0.00)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0Q1S Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 24, 2025	$39.30	$39.55	+0.64%
Oct 22, 2024	$43.01	$41.29	-4.00%
Jul 22, 2024	$40.28	$37.86	-6.01%
Apr 22, 2024	$38.37	$37.42	-2.48%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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