Earnings Beat: Verizon Reports Strong Q4 Amidst Subscriber Growth
Verizon Communications (VZ) exceeded analysts' expectations in its fourth-quarter earnings report, driven by increased wireless subscribers.
Key Highlights:
* Consolidated net income: $5.11 billion ($1.18 per share)
* Revenue: $35.68 billion
* Wireless subscriber gain: 568,000
* Broadband subscriber gain: 408,000
* Adjusted EPS: $1.10 (in line with estimates)
* 2025 wireless service revenue growth projection: 2% to 2.8%
* Adjusted EPS growth projection: Flat to 3%
Analysis:
Despite a net loss in the previous year's quarter due to non-recurring charges, Verizon's adjusted profit has remained steady. The company's growth in wireless and broadband subscribers reflects its competitive position in the industry.
Management Outlook:
CEO Hans Vestberg expressed optimism for continued growth in the year ahead, citing recent acquisitions and strategic partnerships.
Market Reaction:
Verizon shares remained stable following the earnings release, despite a slight decline in the past 12 months.
Competitors:
Rival telecom providers AT&T (T) and T-Mobile US (TMUS) are scheduled to announce their fourth-quarter earnings soon.