Story perspectives

Verizon Surpasses Earnings Estimates with Strong Subscriber Growth

1/24/2025

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Summary

Story summary

Verizon's Q4 2024 earnings reached $1.10 per share, surpassing estimates, with revenue at $35.7 billion.
The company gained 568,000 postpaid phone subscribers and 408,000 broadband subscribers, indicating robust customer growth.
For 2025, Verizon projects wireless service revenue growth of 2% to 2.8%, fueled by pricing strategies and new customers.
Full-year EPS rose to $4.14 from $2.75 in 2023, showcasing improved profitability despite a slight dip in adjusted EPS.

History

Historical Context

Verizon's strong Q4 2024 earnings reflect a historical trend of strategic acquisitions and market leadership. Since its formation in 2000 from the Bell Atlantic-GTE merger, Verizon has consistently adapted to technological shifts, maintaining dominance in wireless services and enterprise solutions, echoing past telecom industry consolidations.

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Story summary

Verizon's Q4 2024 earnings reached $1.10 per share, surpassing estimates, with revenue at $35.7 billion.
The company gained 568,000 postpaid phone subscribers and 408,000 broadband subscribers, indicating robust customer growth.
For 2025, Verizon projects wireless service revenue growth of 2% to 2.8%, fueled by pricing strategies and new customers.
Full-year EPS rose to $4.14 from $2.75 in 2023, showcasing improved profitability despite a slight dip in adjusted EPS.

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