Overview

• Verizon's Q4 2024 revenue reached $35.7 billion, slightly beating Wall Street estimates of $35.3 billion, with adjusted earnings per share at $1.10.
• The company added 568,000 net wireless subscribers in Q4, the highest in five years, driven by promotions and its customizable myPlan offering.
• Broadband growth was also strong, with 408,000 new customers added, though Fios net additions declined slightly year over year.
• Verizon forecasts 2025 adjusted profit growth between 0% and 3% and free cash flow of $17.5-$18.5 billion, both below analysts' expectations.
• The company continues to invest heavily in 5G infrastructure and plans to double fixed wireless subscribers by 2028, supported by its $20 billion Frontier Communications acquisition.