Verizon (VZ 1.36%) stock is climbing Friday following the company's fourth-quarter earnings release. The telecom company's share price was up 1.3% as of 12:15 p.m. ET and had been up as much as 3.9% earlier in the daily session.Verizon published its Q4 report before the market opened, posting earnings that were in line with Wall Street's expectations and sales that beat the target. The company posted adjusted non-GAAP (generally accepted accounting principles) earnings per share of $1.10 on sales of $35.7 b ...

Financial Data and Key Metrics - The company held its Q4 2024 earnings conference call on January 24, 2025, with key executives including the Chairman & CEO, CFO, and CEOs of the Business and Consumer Groups [1][3] Business Line Data and Key Metrics - The Business Group CEO, Kyle Malady, provided an update on the company's AI strategy during the call [3] - The Consumer Group CEO, Sowmyanarayan Sampath, participated in the Q&A session [3] Market Data and Key Metrics - No specific market data or key metrics were mentioned in the provided content Company Strategy and Industry Competition - The company discussed its AI strategy, indicating a focus on leveraging AI for business growth and innovation [3] Management Commentary on Operating Environment and Future Outlook - The call included forward-looking statements about expected future events and financial results, which are subject to risks and uncertainties [4] Other Important Information - The company emphasized the importance of reviewing the safe harbor statement available on the Investor Relations website for detailed information on forward-looking statements [4] Q&A Session Summary - No specific questions or answers were detailed in the provided content

Verizon Communications Inc. (VZ) recorded relatively healthy fourth-quarter results with adjusted earnings and revenues beating the respective Zacks Consensus Estimate. Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company recorded consolidated postpaid net additions of 1,413,000 in the quarter along with retail postpaid phone net additions of 568,000. Total broadband net additions for the quarter were 408,000, including 373,000 fixed wireless net additions.Net IncomeOn a GAAP b ...

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Verizon Communications (VZ) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.92%. A quarter ago, it was expected that this largest U.S. cellphone carrier would post earnings of $1.18 per share when it actually produced earnings of $1.19, delivering a surprise of 0.85%.Over the last f ...

4Q 2024 Earnings & Business Update January 24, 2025 "Safe Harbor" Statement In this presentation we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of operations. Forward-looking statements also include those preceded or followed by the words "anticipates," "assumes," "believes," "estimates," "expects," "forecasts," ...

What you need to know: Verizon introduces an expanded AI strategy built for hyperscalers, cloud providers and global enterprises. Verizon AI Connect is a strategy and suite of products and solutions designed to manage AI resource-intensive workloads at scale. Google Cloud and Meta are among early adopters of Verizon solutions. NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Fueled by the unprecedented demand for network capacity and computational power, Verizon Business today unveiled Verizon AI Connect, an int ...

Verizon Communications Inc VZ stock reported fiscal fourth-quarter results Friday. Its revenue growth was 1.6% year-over-year reaching $35.70 billion, topping the analyst consensus estimate of $35.32 billion. Adjusted EPS of $1.10 was in line with the analyst consensus estimate.Total wireless service revenue was $20.0 billion, up 3.1% year over year, driven by pricing actions and growth from fixed wireless connections.Also Read: Google Taps HTC’s Talent in $250 Million Deal to Lead AR/VR InnovationVerizon a ...

Verizon Communications (VZ) reported better-than-expected fourth-quarter results Friday morning as the number of wireless subscribers rose. Verizon reported consolidated net income of $5.11 billion, or $1.18 per share, on $35.68 billion in revenue. Analysts polled by Visible Alpha expected profit of $4.74 billion, or $1.09 per share, on $35.36 billion in revenue. In the year-ago quarter, Verizon recorded a net loss of $0.64 per share because of a $7.8 billion loss on special items, including a $5.8 billion ...

Subscriber Growth and Performance - Verizon added nearly 1 million postpaid mobile and broadband subscribers in Q4 2024, the best quarterly result in over a decade[1] - Total postpaid phone net additions in Q4 2024 were 568,000, up from 449,000 in Q4 2023[13] - Fixed wireless access net additions in Q4 2024 were 373,000, growing the base to nearly 4.6 million subscribers[13] - Wireless retail postpaid connections grew by 1.4% to 95,118,000 in 2024 compared to 93,850,000 in 2023[29] - Fixed wireless access (FWA) broadband connections surged by 45.4% to 2,714,000 in 2024 from 1,866,000 in 2023[29] - Wireless retail postpaid phone net additions increased by 34.0% to 426,000 in Q4 2024 compared to 318,000 in Q4 2023[29] - Wireless retail postpaid connections increased by 3.5% to 30,819,000 from 29,779,000[35] - FWA broadband connections surged by 54.4% to 1,854,000 from 1,201,000[35] - Total broadband connections grew by 39.3% to 2,313,000 from 1,661,000[35] - Retail postpaid phone net additions increased by 26.5% to 568,000 from 449,000[38] Revenue Performance - Total wireless service revenue in Q4 2024 was $20.0 billion, up 3.1% year over year[13] - Full-year 2024 total operating revenue was $134.8 billion, up 0.6% compared to 2023[8] - Business wireless service revenue in Q4 2024 was $3.5 billion, an increase of 3.4% year over year[15] - Total Operating Revenues for Q4 2024 increased by 1.6% to $35,681 million compared to $35,130 million in Q4 2023[21] - Wireless equipment revenues for Q4 2024 were $7,515 million, a slight increase of 0.6% from $7,472 million in Q4 2023[21] - Total operating revenues for Consumer segment increased by 2.2% to $27,560 million in Q4 2024 compared to $26,954 million in Q4 2023[27] - Wireless service revenue increased by 3.0% to $16,521 million in Q4 2024 compared to $16,034 million in Q4 2023[29] - Wireless service revenue rose by 3.4% to $3,477 million from $3,364 million[35] - FWA revenue increased by 51.6% to $611 million from $403 million[38] - Wireless service revenue for the year grew by 3.1% to $79,127 million from $76,730 million[38] - Total operating revenues for the Consumer Segment in 2023 were $102.904 billion, up from $101.626 billion in 2022[51] - Total operating revenues for the Business Segment in 2023 were $29.531 billion, down from $30.122 billion in 2022[52] Financial Metrics and Cash Flow - Full-year 2024 free cash flow was $19.8 billion, compared to $18.7 billion in 2023[8] - Verizon anticipates free cash flow of $17.5 billion to $18.5 billion for 2025[19] - Net Income for Q4 2024 was $5,114 million, a significant improvement from a Net Loss of $2,573 million in Q4 2023[21] - Cash and cash equivalents increased by $2,129 million to $4,194 million at the end of 2024 compared to $2,065 million at the end of 2023[23] - Total debt decreased by $6,660 million to $144,014 million at the end of 2024 from $150,674 million at the end of 2023[24] - Capital expenditures for 2024 were $17,090 million, a decrease of $1,677 million from $18,767 million in 2023[26] - Net cash provided by operating activities for 2024 was $36,912 million, a slight decrease of $563 million from $37,475 million in 2023[26] - Free Cash Flow for 2023 was $19.822 billion, up from $18.708 billion in 2022[49] - Free Cash Flow Forecast for 2024 is projected to be between $17.5 billion and $18.5 billion[50] ARPA and ARPU Trends - Consumer ARPA in Q4 2024 was $139.77, an increase of 4.2% compared to Q4 2023[13] - Wireless retail postpaid ARPA (average revenue per account) rose by 4.2% to $139.77 in Q4 2024 from $134.10 in Q4 2023[30] - Retail postpaid ARPA increased by 3.9% to $162.62 from $156.48[38] - Retail prepaid ARPU decreased by 3.1% to $30.89 from $31.87[38] Business Segment Performance - Total operating revenues for Business segment decreased by 1.5% to $7,504 million in Q4 2024 compared to $7,618 million in Q4 2023[33] - Enterprise and Public Sector revenues declined by 4.6% to $3,548 million in Q4 2024 from $3,718 million in Q4 2023[33] - Operating income for Business segment increased by 34.1% to $594 million in Q4 2024 compared to $443 million in Q4 2023[33] - Segment EBITDA for Business segment grew by 3.0% to $1,655 million in Q4 2024 from $1,607 million in Q4 2023[33] - Business Segment EBITDA for 2023 was $6.365 billion, with a Segment EBITDA Margin of 21.6%, slightly down from 21.8% in 2022[52] EBITDA and Profitability - Consolidated Adjusted EBITDA for the quarter was $11,927 million, up from $11,678 million in the previous year[41] - Consolidated EBITDA increased to $47.52 billion in 2023, up from $40.135 billion in 2022, reflecting a growth of 18.4%[43] - Consolidated Adjusted EBITDA for 2023 was $48.791 billion, slightly higher than $47.789 billion in 2022[43] - Consumer Segment EBITDA for 2023 was $43.036 billion, with a Segment EBITDA Margin of 41.8%, up from 41.4% in 2022[51] Debt and Financial Health - Net Unsecured Debt decreased to $113.682 billion in 2023 from $126.426 billion in 2022, with a Net Unsecured Debt to Consolidated Adjusted EBITDA ratio improving to 2.3x from 2.6x[45] Earnings Per Share (EPS) - Adjusted EPS for 2023 was $4.59, compared to $4.71 in 2022, showing a slight decline[47] Operating Expenses and Efficiency - Total Operating Expenses for Q4 2024 decreased by 18.2% to $28,260 million from $34,530 million in Q4 2023, primarily due to a goodwill impairment charge in the previous year[21] - Total employees decreased by 5.8% to 99,600 at the end of 2024 from 105,400 at the end of 2023[24] Dividends - Quarterly cash dividends declared per common share increased to $0.6775 in 2024 from $0.6650 in 2023[24]