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]

Core Insights - Verizon Communications reported fourth-quarter earnings and revenue that exceeded analyst expectations, leading to a more than 9% increase in shares intraday [1] Financial Performance - The company posted adjusted earnings per share of $1.09, surpassing consensus estimates of $1.06 [2] - Revenue reached $36.4 billion, exceeding expectations of $36.1 billion [2] - Wireless service revenue rose 1.1% year over year to $21.0 billion [3] - Wireless equipment revenue climbed 9.1% to $8.2 billion [3] Subscriber Growth - Verizon recorded its highest quarterly total mobility and broadband volumes since 2019, including 616,000 postpaid phone net additions [2] - Broadband subscriber additions totaled 372,000, which included 319,000 fixed wireless access customers and 67,000 Fios internet additions [3] Future Outlook - For 2026, Verizon projected adjusted earnings per share of $4.90 to $4.95, well above analyst consensus of $4.76 [4] - The company forecasted total retail postpaid phone net additions of 750,000 to 1.0 million [4] - Total mobility and broadband service revenue growth is expected to be between 2.0% to 3.0% [4]

Core Insights - Verizon Communications Inc. reported strong fourth-quarter and full-year 2025 results, indicating a significant turnaround for the company driven by strategic initiatives under CEO Dan Schulman [1][2] Financial Performance - In 2025, Verizon's total operating revenue reached $138.2 billion, up from $134.8 billion in 2024, with consolidated net income of $17.6 billion and adjusted EBITDA of $50.0 billion [7] - For the fourth quarter of 2025, Verizon reported total operating revenue of $36.4 billion, with consolidated net income of $2.4 billion and adjusted EBITDA of $11.9 billion [7] - Earnings per share (EPS) for 2025 was $4.06, while adjusted EPS, excluding special items, was $4.71 [7][24] Customer Growth and Market Strategy - Verizon achieved over 1 million total net additions across mobility and broadband in the fourth quarter, the highest since 2019, including 616,000 postpaid phone net additions [6][7] - The acquisition of Frontier, completed on January 20, 2026, expanded Verizon's fiber footprint to over 30 million homes and businesses, enhancing its mobility and broadband convergence strategy [2][6] Future Outlook - For 2026, Verizon anticipates total retail postpaid phone net additions of 750,000 to 1 million, with mobility and broadband service revenue growth projected at 2.0% to 3.0% [16] - The company expects adjusted EPS to be between $4.90 and $4.95, representing a year-over-year growth of 4.0% to 5.0% [16] - Free cash flow is forecasted to exceed $21.5 billion, marking a growth of approximately 7.0% from 2025 [16][28]

Financial Performance - Total revenue reached $33.8 billion, showing a 1.5% year-over-year increase[18] - Adjusted EBITDA was $12.8 billion, up 2.3% year-over-year, with an adjusted EBITDA margin of 37.8%[18] - Adjusted EPS increased by 1.7% year-over-year to $1.21[18] - Free cash flow increased from $14.5 billion to $15.8 billion year-over-year[22] Subscriber Growth - Wireless retail postpaid phone gross adds totaled 2.8 million, a 5.4% year-over-year increase[8] - Consumer wireless retail postpaid phone gross adds were 2.0 million, up 8.4% year-over-year[8] - Wireless postpaid upgrades increased by 12.1% year-over-year to 4.2 million[8] - Fios internet net adds reached 61,000[8] Debt and Cash Flow - Total debt decreased from $150.6 billion to $146.8 billion[22] - Unsecured debt decreased from $126.4 billion to $119.7 billion[22] - Cash and cash equivalents increased from $5.0 billion to $7.7 billion[22] - Net unsecured debt to adjusted EBITDA improved from 2.5x to 2.2x[22]

Financial Performance - Total revenue increased to $34.5 billion, a 5.2% year-over-year increase[21] - Adjusted EBITDA grew to $12.8 billion, up 4.1% year-over-year, with a margin of 37.1%[6, 21] - Adjusted EPS increased to $1.22, a 6.1% year-over-year increase[21] - First half free cash flow reached $8.8 billion, a 3.6% year-over-year increase[6] Subscriber Growth - Wireless service revenue increased by 2.2% year-over-year[6] - The company surpassed 5 million Fixed Wireless Access subscribers[6] - Wireless retail postpaid phone gross adds were 2.7 million, up 13.8% year-over-year[11] - Consumer wireless retail postpaid phone gross adds were 2.0 million, up 18.9% year-over-year[11] Updated Guidance - The company raised 2025 guidance on Adjusted EBITDA, Adjusted EPS, and free cash flow[6] - Free cash flow guidance was raised to $19.5 billion - $20.5 billion[25]

Financial Performance - Verizon's total revenue reached $33.5 billion, showing a 1.5% year-over-year increase[16] - Adjusted EBITDA grew to $12.6 billion, a 4.0% increase year-over-year, with an adjusted EBITDA margin of 37.5%[6, 16] - Adjusted EPS increased by 3.5% year-over-year, reaching $1.19[16] - Free cash flow saw a significant increase of 34.3% year-over-year, reaching $3.6 billion[6] Wireless Segment - Wireless service revenue totaled $20.8 billion, reflecting a 2.7% year-over-year growth[6] Cash Flow and Debt Management - Cash flow from operations increased to $7.8 billion, compared to $7.1 billion in Q1 2024[18] - Total debt decreased from $151.7 billion to $143.6 billion[18] - Net unsecured debt decreased to $115.1 billion, resulting in a net unsecured debt to adjusted EBITDA ratio of 2.3x[18] Operating Metrics - Verizon reported 2.4 million wireless retail postpaid phone gross adds, a 0.2% year-over-year increase[8]