Verizon(US:VZ)2025-10-29 10:31Financial Performance - Verizon reported third-quarter 2025 total operating revenue of $33.8 billion, up 1.5% year-over-year[7] - Earnings per share (EPS) for Q3 2025 was $1.17, compared to $0.78 in Q3 2024, with adjusted EPS of $1.21[7] - Consolidated net income for Q3 2025 was $5.1 billion, up from $3.4 billion in Q3 2024[7] - Free cash flow for the nine months ended September 30, 2025, was $15.8 billion, an increase from $14.5 billion in the same period in 2024[7] - Net income attributable to Verizon for the nine months ended September 30, 2025, rose by 18.6% to $14,832 million from $12,501 million in the same period of 2024[16] - Operating income for the three months ended September 30, 2025, increased by 36.8% to $8,105 million compared to $5,926 million for the same period in 2024[16] - Consolidated Adjusted EBITDA for the quarter was $12,775 million, compared to $12,491 million in the same quarter last year[43] - Consolidated Net Income for the 12 months ended September 30, 2025, was $20,274 million, up from $17,949 million for the 12 months ended December 31, 2024[45] - Consolidated Adjusted EBITDA for the 12 months ended September 30, 2025, reached $50,064 million, compared to $48,791 million for the 12 months ended December 31, 2024[45] Revenue Breakdown - Wireless service revenue reached $21.0 billion in Q3 2025, an increase of 2.1% year-over-year[7] - Consumer wireless service revenue was $17.4 billion in Q3 2025, up 2.4% year-over-year[7] - Total wireless revenue increased to $27,644 million, a 3.0% rise from $26,848 million year-over-year[39] - Wireless equipment revenue rose by 6.4% to $4,766 million for the three months ended September 30, 2025, compared to $4,478 million in the prior year[23] - The company reported a 5.2% increase in wireless equipment revenues for the three months ended September 30, 2025, totaling $5,619 million compared to $5,343 million in the same period of 2024[16] - FWA revenue surged by 34.9% to $758 million from $562 million year-over-year[39] Debt and Cash Flow - Verizon's total unsecured debt at the end of Q3 2025 was $119.7 billion, down from $126.4 billion at the end of Q3 2024[7] - Total debt as of September 30, 2025, was $146,775 million, up from $144,014 million at the end of 2024[19] - Cash and cash equivalents as of September 30, 2025, were $7,706 million, an increase of $3,512 million from $4,194 million at the end of 2024[18] - The Unsecured Debt to Consolidated Net Income Ratio improved to 5.9x as of September 30, 2025, down from 6.6x[47] - The Net Unsecured Debt to Consolidated Adjusted EBITDA Ratio was 2.2x as of September 30, 2025, compared to 2.3x previously[47] - Free Cash Flow for the nine months ended September 30, 2025, was $15,760 million, an increase from $14,461 million for the same period in 2024[50] - The forecast for Free Cash Flow for the full year 2025 has been revised to $19,500 - $20,500 million, up from the original forecast of $17,500 - $18,500 million[51] Customer Metrics - Verizon delivered 306,000 broadband net additions in Q3 2025, with total broadband connections growing to over 13.2 million[7] - Wireless retail postpaid connections increased to 31,043,000, a 1.7% increase from 30,532,000 in the previous year[34] - Wireless retail postpaid connections increased to 94,870, a 0.9% rise from 94,005 in the previous year[26] - Fixed wireless access (FWA) broadband connections surged by 28.0% to 3,198, up from 2,498 year-over-year[26] - Total broadband connections rose to 2,649,000, reflecting a 22.8% increase from 2,157,000 year-over-year[34] - Total broadband connections rose by 8.5% to 10,593 for the three months ended September 30, 2025, compared to 9,762 in the same period last year[26] Operating Expenses and Margins - Operating expenses for the three months ended September 30, 2025, decreased by 6.2% to $25,716 million compared to $27,404 million for the same period in 2024[16] - Operating Income Margin for the Consumer segment was 29.4% for the three months ended September 30, 2025, slightly down from 30.0% in the prior year[52] - Operating Income Margin for the Business segment improved to 8.9% for the three months ended September 30, 2025, compared to 7.7% in the same period last year[53] - Operating income for the Business segment increased by 12.7% to $637 million for the three months ended September 30, 2025, compared to $565 million in the prior year[32] - Segment EBITDA for the Consumer segment for the three months ended September 30, 2025, was $11,232 million, reflecting a year-over-year change of 2.0%[52] - Segment EBITDA for the Business segment for the three months ended September 30, 2025, was $1,672 million, with a year-over-year change of 4.2%[53]