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]