Verizon Posts Best Subscriber Growth Since 2019

Core Insights - Verizon Communications Inc. reported strong fourth-quarter financial results, with revenue growth of 2.0% year-over-year, reaching $36.40 billion, surpassing analyst expectations of $36.06 billion [1] - Adjusted EPS of $1.09 exceeded the analyst consensus estimate of $1.05 [1] Consumer Segment - Total quarterly Verizon Consumer revenue was $28.44 billion, reflecting a 3.2% year-over-year increase, with 551,000 wireless retail postpaid phone net additions, up from 367,000 year-over-year [5] - Consumer wireless service revenue for the quarter reached $17.37 billion, an increase of 1.2% year-over-year [5] - Consumer wireless retail postpaid churn was 1.21%, while wireless retail postpaid phone churn was 0.95% for the quarter [6] - Consumer wireless postpaid average revenue per account (ARPA) stood at $147.36, representing a 1.2% year-over-year increase [6] - The Consumer segment EBITDA margin declined by 100 basis points to 36.5% [8] Business Segment - Total quarterly Verizon Business revenue was $7.37 billion, a decrease of 1.8% year-over-year, with 11,000 wireless retail postpaid net additions, including 65,000 postpaid phone net additions [7] - Business wireless service revenue was $3.59 billion, reflecting a 0.5% year-over-year increase [7] - Business wireless retail postpaid churn was 1.64%, and wireless retail postpaid phone churn was 1.27% for the quarter [7] - The Business segment EBITDA margin fell by 10 basis points to 22.0% [8] Broadband Performance - Verizon reported 372,000 broadband net additions in the quarter, with total fixed wireless access net additions of 319,000, bringing the base to over 5.7 million fixed wireless access subscribers [3] - The company delivered 67,000 Fios internet net additions in the quarter, with total broadband connections growing to over 16.3 million as of the end of the quarter following the closing of the Frontier acquisition [3]