Verizon Communications Inc. · NYSE:VZ
Verizon Communications — Q2 2025 Earnings Presentation
8 slides from Verizon Communications's earnings presentation, Jul 21, 2025
Slide 1: 2Q 2025 Earnings
2Q 2025 Earnings July 21, 2025
Slide 2: "Safe Harbor" Statement
“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 operat
Slide 3: Strategic execution drives strong financial performance in 2Q25
Strategic execution drives strong financial performance in 2Q25 2Q25 Key Highlights Wireless service $20.9B 〉 Raised 2025 guidance on Adjusted EBITDA2, 〉 4th consecutive quarter of growth in Core revenue1 +2.2% Y/Y Adjusted EPS2, and free cash flow2 Prepaid3 subscribers Adjusted $12.8B 〉 300k+ net a
Slide 4: Operating metrics
Operating metrics Consumer Business retail postpaid phone net adds (K) retail postpaid phone net adds (K) 2.7M Wireless retail postpaid phone gross adds (+13.8% Y/Y) 2.0M Consumer wireless retail postpaid phone gross adds (+18.9% Y/Y) Broadband net adds (K) Retail core prepaid1 net adds (K) 4.5M Wir
Slide 5: Consolidated financial summary
Consolidated financial summary Total revenue ($B) Total wireless service revenue1 ($B) $34.5B Total revenue 5.2% (+5.2% Y/Y) 2.2% $12.8B Adjusted EBITDA2 (+4.1% Y/Y) (Adjusted EBITDA margin of 37.1%)2 $1.22 Adjusted EPS2 (+6.1% Y/Y) Service & other Wireless equipment 1 Sum of Consumer and Business s
Slide 6: Consolidated cash flow summary
Consolidated cash flow summary ($ in billions) 1H 2024 1H 2025 Cash flow from operations $16.6 $16.8 Capital expenditures $8.1 $8.0 Free cash flow1 $8.5 $8.8 Dividends paid $5.6 $5.7 Total debt $149.3 $146.0 Unsecured debt $125.3 $119.4 Cash and cash equivalents $2.4 $3.4 Net unsecured debt1 $122.8
Slide 7: 2025 Guidance
2025 Guidance Prior New Total wireless service revenue growth1 2.0% — 2.8% Unchanged Adjusted EBITDA growth2 2.0% — 3.5% 2.5% — 3.5% Adjusted EPS growth2 Flat — 3.0% 1.0% — 3.0% Capital expenditures $17.5B — $18.5B Unchanged Free cash flow2 $17.5B — $18.5B $19.5B — $20.5B 1 Sum of Consumer and Busin
Slide 8: Verizon confidential and proprietary
Verizon confidential and proprietary. Unauthorized disclosure, reproduction or other use prohibited. VZQTR20FIN
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