- Verizon (VZ, Financial) reported a 1.5% increase in total operating revenue, reaching $33.5 billion in Q1 2025.
- Wireless service revenue rose 2.7% to $20.8 billion, making it industry-leading.
- Verizon faced challenges with a net loss of 289,000 postpaid phone subscribers.
Verizon Communications Inc. (VZ) announced strong financial results for the first quarter of 2025, highlighting a 1.5% year-over-year growth in total operating revenue, reaching $33.5 billion. The company showcased its industry-leading position in wireless service revenue, which increased by 2.7% to $20.8 billion despite experiencing a net loss of 289,000 postpaid phone subscribers.
Key financial metrics revealed an earnings per share (EPS) growth to $1.15, up from $1.09 in the same quarter of the previous year. Additionally, Verizon's net income rose to $5.0 billion compared to $4.7 billion in Q1 2024, and free cash flow improved significantly to $3.6 billion from $2.7 billion year-over-year.
Despite challenges in the mobility segment with a net loss of 289,000 postpaid phone subscribers, Verizon experienced robust growth in its broadband sector, adding 339,000 new subscribers. This included a significant increase of 308,000 fixed wireless access additions. The Consumer segment bore the brunt of the losses, reporting 356,000 wireless retail postpaid phone net losses, while the Business segment added 67,000 postpaid phone subscribers.
Looking ahead, Verizon remains optimistic about its full-year 2025 guidance, emphasizing continued growth in wireless service revenue and adjusted EBITDA. The company also aims to sustain strong free cash flow and further penetrate the broadband market with its Fios and fixed wireless access solutions.
