Verizon has shown significant achievements in the fourth quarter of 2024, including growth in customer base and profits, surpassing analysts' expectations.
Quarter Highlights
Verizon concluded the fourth quarter of 2024 by adding nearly one million new postpaid mobile and broadband subscribers. Total wireless service revenue reached $20 billion, highlighting the company's strong market stance. Verizon's consolidated net income for the period was $5.1 billion, a significant improvement compared to a net loss of $2.6 billion recorded in the same period last year.
Performance vs Expectations
Verizon's operating revenue for the fourth quarter stood at $35.7 billion, reflecting a 1.6% increase from the previous year. Growth in wireless service revenue was a key driver, although it was partially offset by a decline in Business wireline revenue. The company's adjusted EBITDA for the quarter was $11.9 billion, also higher than the previous year's figure. Earnings per share were $1.18, exceeding the expected $1.09.
2025 Outlook
Verizon anticipates wireless service revenue growth of 2-2.8% in 2025. Adjusted EBITDA is expected to increase by 2-3.5%. Adjusted EPS growth is projected at 0-3%. Capital expenditures are forecasted between $17.5 and $18.5 billion, supporting Verizon’s ongoing efforts to enhance network infrastructure.
The results for the fourth quarter of 2024 confirm Verizon's strong market position and effective management strategy, providing a foundation for future success.
