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    Verizon Beats Q4 Earnings with $1.10 EPS and $35.7B Revenue, Adds 568,000 Net Additions

    Verizon Beats Q4 Earnings with $1.10 EPS and $35.7B Revenue, Adds 568,000 Net Additions

    13 postsCompany EarningsBusiness

    Verizon Communications Inc. reported its fourth-quarter earnings for 2024, surpassing analysts' expectations on both revenue and earnings per share (EPS). The company announced an adjusted EPS of $1.10, which was in line with some estimates but exceeded others that anticipated $1.09. Revenue for the quarter reached $35.7 billion, surpassing the consensus estimate of $35.33 billion. Verizon also reported a net income of $5.1 billion, a significant improvement from a loss of $2.6 billion in the same quarter of the previous year. The company's adjusted EBITDA was $11.9 billion, slightly below the estimated $12.07 billion, yet it showed a year-over-year increase of 1.7%. Free cash flow for the quarter was reported at $4.45 billion. Additionally, Verizon added 568,000 wireless postpaid phone net additions, exceeding the FactSet estimate of 487,500. The company also saw growth in its FIOS Internet subscribers, adding 51,000, which was above the estimate of 44,675. Wireless equipment revenue was $7.5 billion, and wireless revenue reached $20.0 billion, up 3.1% year-over-year, driven by pricing strategies and growth in fixed wireless access. Looking forward, Verizon projects a 2% to 3.5% increase in adjusted EBITDA for 2025 and anticipates wireless service revenue growth of 2% to 2.8%.

    Proposed Market

    How many FIOS Internet subscribers will Verizon add in Q1 2025?

    How many FIOS Internet subscribers will Verizon add in Q1 2025?

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    VerizonFactSetFIOS Internet

    Description

    Verizon's Q1 2025 financial report

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