Core Insights - Verizon Business has launched Verizon AI Connect, a suite of solutions aimed at enabling businesses to deploy AI workloads at scale, driven by unprecedented demand for network capacity and computational power [1][3] - The shift towards real-time decision-making in AI, known as inferencing, is expected to create significant demand for additional computing power, with 60-70% of AI workloads projected to transition to real-time inference by 2030 [2] - Verizon is enhancing its AI ecosystem through partnerships with major players like Google Cloud, Meta, and NVIDIA, focusing on providing robust network infrastructure to support demanding AI workloads [4][5][8] Company Strategy - Verizon's strategy includes leveraging its existing assets, such as its 5G network and high-speed fiber connectivity, to support AI workloads and meet the needs of hyperscalers, cloud providers, and global enterprises [3][7] - The company aims to provide low-latency connectivity, compute, and security at the edge, which are critical for the future of AI workloads [2][3] Partnerships and Collaborations - Google Cloud and Meta are early adopters of Verizon's AI solutions, utilizing Verizon's advanced network capabilities to enhance their AI development and deployment [5][8] - Verizon's collaboration with NVIDIA focuses on integrating GPU-based edge platforms into its 5G private networks, enhancing the ability to support AI workloads [8] - The partnership with Vultr aims to extend Verizon's global cloud footprint and deliver cutting-edge AI solutions to its customers [8][9] Market Position - Verizon generated revenues of $134.8 billion in 2024, indicating its strong market presence and capability to innovate in response to customer demands [10]

Verizon Communications Inc VZ stock reported fiscal fourth-quarter results Friday. Its revenue growth was 1.6% year-over-year reaching $35.70 billion, topping the analyst consensus estimate of $35.32 billion. Adjusted EPS of $1.10 was in line with the analyst consensus estimate.Total wireless service revenue was $20.0 billion, up 3.1% year over year, driven by pricing actions and growth from fixed wireless connections.Also Read: Google Taps HTC’s Talent in $250 Million Deal to Lead AR/VR InnovationVerizon a ...

Verizon Communications (VZ) reported better-than-expected fourth-quarter results Friday morning as the number of wireless subscribers rose. Verizon reported consolidated net income of $5.11 billion, or $1.18 per share, on $35.68 billion in revenue. Analysts polled by Visible Alpha expected profit of $4.74 billion, or $1.09 per share, on $35.36 billion in revenue. In the year-ago quarter, Verizon recorded a net loss of $0.64 per share because of a $7.8 billion loss on special items, including a $5.8 billion ...

Subscriber Growth and Performance - Verizon added nearly 1 million postpaid mobile and broadband subscribers in Q4 2024, the best quarterly result in over a decade[1] - Total postpaid phone net additions in Q4 2024 were 568,000, up from 449,000 in Q4 2023[13] - Fixed wireless access net additions in Q4 2024 were 373,000, growing the base to nearly 4.6 million subscribers[13] - Wireless retail postpaid connections grew by 1.4% to 95,118,000 in 2024 compared to 93,850,000 in 2023[29] - Fixed wireless access (FWA) broadband connections surged by 45.4% to 2,714,000 in 2024 from 1,866,000 in 2023[29] - Wireless retail postpaid phone net additions increased by 34.0% to 426,000 in Q4 2024 compared to 318,000 in Q4 2023[29] - Wireless retail postpaid connections increased by 3.5% to 30,819,000 from 29,779,000[35] - FWA broadband connections surged by 54.4% to 1,854,000 from 1,201,000[35] - Total broadband connections grew by 39.3% to 2,313,000 from 1,661,000[35] - Retail postpaid phone net additions increased by 26.5% to 568,000 from 449,000[38] Revenue Performance - Total wireless service revenue in Q4 2024 was $20.0 billion, up 3.1% year over year[13] - Full-year 2024 total operating revenue was $134.8 billion, up 0.6% compared to 2023[8] - Business wireless service revenue in Q4 2024 was $3.5 billion, an increase of 3.4% year over year[15] - Total Operating Revenues for Q4 2024 increased by 1.6% to $35,681 million compared to $35,130 million in Q4 2023[21] - Wireless equipment revenues for Q4 2024 were $7,515 million, a slight increase of 0.6% from $7,472 million in Q4 2023[21] - Total operating revenues for Consumer segment increased by 2.2% to $27,560 million in Q4 2024 compared to $26,954 million in Q4 2023[27] - Wireless service revenue increased by 3.0% to $16,521 million in Q4 2024 compared to $16,034 million in Q4 2023[29] - Wireless service revenue rose by 3.4% to $3,477 million from $3,364 million[35] - FWA revenue increased by 51.6% to $611 million from $403 million[38] - Wireless service revenue for the year grew by 3.1% to $79,127 million from $76,730 million[38] - Total operating revenues for the Consumer Segment in 2023 were $102.904 billion, up from $101.626 billion in 2022[51] - Total operating revenues for the Business Segment in 2023 were $29.531 billion, down from $30.122 billion in 2022[52] Financial Metrics and Cash Flow - Full-year 2024 free cash flow was $19.8 billion, compared to $18.7 billion in 2023[8] - Verizon anticipates free cash flow of $17.5 billion to $18.5 billion for 2025[19] - Net Income for Q4 2024 was $5,114 million, a significant improvement from a Net Loss of $2,573 million in Q4 2023[21] - Cash and cash equivalents increased by $2,129 million to $4,194 million at the end of 2024 compared to $2,065 million at the end of 2023[23] - Total debt decreased by $6,660 million to $144,014 million at the end of 2024 from $150,674 million at the end of 2023[24] - Capital expenditures for 2024 were $17,090 million, a decrease of $1,677 million from $18,767 million in 2023[26] - Net cash provided by operating activities for 2024 was $36,912 million, a slight decrease of $563 million from $37,475 million in 2023[26] - Free Cash Flow for 2023 was $19.822 billion, up from $18.708 billion in 2022[49] - Free Cash Flow Forecast for 2024 is projected to be between $17.5 billion and $18.5 billion[50] ARPA and ARPU Trends - Consumer ARPA in Q4 2024 was $139.77, an increase of 4.2% compared to Q4 2023[13] - Wireless retail postpaid ARPA (average revenue per account) rose by 4.2% to $139.77 in Q4 2024 from $134.10 in Q4 2023[30] - Retail postpaid ARPA increased by 3.9% to $162.62 from $156.48[38] - Retail prepaid ARPU decreased by 3.1% to $30.89 from $31.87[38] Business Segment Performance - Total operating revenues for Business segment decreased by 1.5% to $7,504 million in Q4 2024 compared to $7,618 million in Q4 2023[33] - Enterprise and Public Sector revenues declined by 4.6% to $3,548 million in Q4 2024 from $3,718 million in Q4 2023[33] - Operating income for Business segment increased by 34.1% to $594 million in Q4 2024 compared to $443 million in Q4 2023[33] - Segment EBITDA for Business segment grew by 3.0% to $1,655 million in Q4 2024 from $1,607 million in Q4 2023[33] - Business Segment EBITDA for 2023 was $6.365 billion, with a Segment EBITDA Margin of 21.6%, slightly down from 21.8% in 2022[52] EBITDA and Profitability - Consolidated Adjusted EBITDA for the quarter was $11,927 million, up from $11,678 million in the previous year[41] - Consolidated EBITDA increased to $47.52 billion in 2023, up from $40.135 billion in 2022, reflecting a growth of 18.4%[43] - Consolidated Adjusted EBITDA for 2023 was $48.791 billion, slightly higher than $47.789 billion in 2022[43] - Consumer Segment EBITDA for 2023 was $43.036 billion, with a Segment EBITDA Margin of 41.8%, up from 41.4% in 2022[51] Debt and Financial Health - Net Unsecured Debt decreased to $113.682 billion in 2023 from $126.426 billion in 2022, with a Net Unsecured Debt to Consolidated Adjusted EBITDA ratio improving to 2.3x from 2.6x[45] Earnings Per Share (EPS) - Adjusted EPS for 2023 was $4.59, compared to $4.71 in 2022, showing a slight decline[47] Operating Expenses and Efficiency - Total Operating Expenses for Q4 2024 decreased by 18.2% to $28,260 million from $34,530 million in Q4 2023, primarily due to a goodwill impairment charge in the previous year[21] - Total employees decreased by 5.8% to 99,600 at the end of 2024 from 105,400 at the end of 2023[24] Dividends - Quarterly cash dividends declared per common share increased to $0.6775 in 2024 from $0.6650 in 2023[24]

Company added nearly 1 million postpaid mobile and broadbandsubscribers in fourth quarter, best quarterly result in more than a decade Industry-leading total wireless service revenueof $20.0 billion dollars in the fourth quarter Key 2024 Highlights Delivered on financial guidanceRevenue growth with strong operational resultsMore than doubled wireless postpaid phone net additions compared to 2023Continued to take broadband market share with Fios and fixed wireless accessStrong execution against capital allo ...

NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Verizon Frontline today announced the completion of a communications upgrade for the New York City Fire Department (FDNY), replacing a legacy central exchange (Centrex) phone system with a more modern solution. FDNY selected Verizon Frontline to provide an advanced, secure, and reliable connectivity solution after deciding to upgrade their Centrex system. Verizon Frontline delivered One Talk T67 LTE devices to serve as the new Voice Over Internet Protocol (VoIP) s ...

Verizon Communications Inc (VZ) Stock Analysis - The analyst has been cautioning investors about potential risks surrounding Verizon Communications Inc (VZ) stock since late 2024, despite its high yield attracting many investors [1] Sensor Unlimited's Investment Approach - Sensor Unlimited contributes to the investing group Envision Early Retirement, offering proven solutions for generating high income and growth with isolated risks through dynamic asset allocation [1] - Features include two model portfolios: one for short-term survival/withdrawal and one for aggressive long-term growth [1] - Additional features include direct access via chat for idea discussions, monthly updates on all holdings, tax discussions, and ticker critiques by request [1] Sensor Unlimited's Background - Sensor Unlimited is an economist with a PhD in financial economics and a quantitative modeler [2] - Over the past decade, Sensor Unlimited has covered the mortgage market, commercial market, and banking industry [2] - Sensor Unlimited writes about asset allocation and ETFs, particularly those related to the overall market, bonds, banking and financial sectors, and housing markets [2]

Samsung Galaxy S25 Series Launch - Samsung's latest flagship smartphones, the Galaxy S25 Ultra, Galaxy S25+, and Galaxy S25, are now available to Verizon customers, featuring advanced AI capabilities such as Seamless actions across apps, Now Brief, and Satellite SOS [1] - The Galaxy S25 series is designed to enhance lifestyle activities like streaming, gaming, and business operations [1] Verizon's Promotional Offers - Verizon offers significant savings for both current and new customers, including free Galaxy S25+ or Galaxy S25 with select trade-ins, or $1,000 off the Galaxy S25 Ultra [2] - Customers can also receive a free Galaxy Watch7 or Galaxy Tab S9 FE 5G when purchasing a new Galaxy S25 series phone and signing up for the Unlimited Ultimate plan [2] - Business customers adding a new line can get a free Galaxy S25+ or Galaxy S25 with select trade-ins and a Business Unlimited plan [2] Entertainment and Productivity Perks - Verizon provides substantial savings on popular entertainment and productivity services such as Disney+ and Netflix [3] 5G Network Advantages - The Galaxy S25 series leverages Verizon's award-winning 5G network, offering fast and reliable connections for various activities [4] - The Galaxy S25 Ultra supports powerful upload speeds on Verizon's 5G network, enhancing video-calling and social media posting experiences [4] Innovative Features of Galaxy S25 Series - The Galaxy S25 series introduces Seamless actions across apps, enabling multitasking with AI-powered personal assistants [5] - Enhanced camera and audio features include Night Video, Advanced Portrait, and Audio Erase for superior photo, video, and sound quality [6] - Now Brief provides personalized updates tailored to the user's schedule and activities, including weather alerts and meeting reminders [6] Business and Security Features - The Galaxy S25 series enhances business productivity with AI-powered virtual assistants capable of handling multiple tasks across apps [7] - Knox Vault offers defense-grade protection for data security [7] - Satellite SOS messaging, powered by Skylo, ensures connectivity in emergencies even in areas without cellular coverage [7] Pricing and Availability - The Galaxy S25 Ultra starts at $36.11 per month for 36 months ($1,299.99 retail), the Galaxy S25+ at $27.77 per month ($999.99 retail), and the Galaxy S25 at $22.22 per month ($799.99 retail) [9] - Preorders for the Galaxy S25 series are now available at Verizon stores and Verizon.com, with business-specific pricing and promotions for Verizon Business customers [10] Additional Terms and Conditions - Promotional offers require new or upgrade smartphone lines on the Unlimited Ultimate plan, with trade-in credits applied over 36 months [11] - Specific terms apply for trade-ins, including device conditions and eligibility requirements [12] - Galaxy AI features are free through 2025 and require a Samsung account login [13] Company Background - Verizon Communications Inc, headquartered in New York City, generated $134 billion in revenue in 2023 and is a global leader in technology and communications services [14]

NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report fourth-quarter 2024 earnings on Friday, January 24, 2025. The company will present results and provide a business update on a webcast beginning at 8:30 a.m. Eastern Time. Fourth-quarter 2024 materials will be available at 7:00 a.m. ET on Verizon’s Investor Relations website, https://www.verizon.com/about/investors. These materials will include: Detailed information on Verizon's fourth-quarter and full year ...

Verizon Communications Inc. (VZ) is scheduled to report fourth-quarter 2024 earnings on Jan. 24. The Zacks Consensus Estimate for sales and earnings is pegged at $35.4 billion and $1.09 per share, respectively. Earnings estimates for VZ have declined marginally from $4.60 per share to $4.59 for 2024 and from $4.71 per share to $4.70 for 2025 over the past 30 days.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.VZ Estimate TrendImage Source: Zacks Investment ResearchEarnings Surprise H ...