Verizon Communications Inc. · NYSE:VZ
Verizon Communications — Q4 2024 Earnings Presentation
20 slides from Verizon Communications's earnings presentation, Jan 24, 2025
Slide 1: Consolidated Financial Results
VZQTR20FIN This supplemental information regarding the financial and operating results of Verizon Communications Inc. (Verizon) for the fourth quarter and full year ended December 31, 2024 contains statements about expected future events and financial results that are forward-looking and subject to
Slide 2: Total Operating Revenue ($B)
Total Operating Revenue ($B) $35.1 $33.3 $35.7 4Q 2023 3Q2024 4Q2024
Slide 3: Net Income (Loss) ($B)
Net Income (Loss) ($B) $5.1 $3.4 $(2.6) 4Q 2023 3Q2024 4Q2024
Slide 4: Wireless Service Revenue ($B)
Wireless Service Revenue* ($B) $19.4 $19.8 $20.0 4Q 2023 3Q2024 4Q2024
Slide 5: Consolidated revenue commentary
VlpHU09DSUQyMDE5UTE= VZQTR20FIN VlpHU09DSUQyMDE5UTE= VZQTR20FIN * Total Wireless service represents the sum of Consumer and Business segments. ** Non-GAAP financial measure. Consolidated total operating revenue for the fourth quarter was $35.7 billion, up 1.6% year over year. • Service and other rev
Slide 6: Cash Flow from Operating Activities ($B)
Cash Flow from Operating Activities ($B) $37.5 $36.9 2023 2024
Slide 7: Cash flow, free cash flow and debt commentary
VZQTR20FIN * Non-GAAP financial measure. Cash flow from operating activities for the full year 2024 was $36.9 billion compared to $37.5 billion in the prior year driven by year over year pressures from cash taxes, higher interest expense, and the impact of severance payments made as part of our volu
Slide 8: Total Retail Postpaid Phone Net Additions (K)
Total Retail Postpaid Phone Net Additions (kK) 568 449 239 4Q 2023 3Q2024 4Q 2024
Slide 9: Consumer Retail Postpaid Phone Net Additions (K)
Consumer Retail Postpaid Phone Net Additions (kK) 426 318 81 4 4Q 2023 3Q2024 4Q 2024
Slide 10: Postpaid net additions commentary
VlpHU09DSUQyMDE5UTE= VZQTR20FIN Note: Where applicable, the operating results reflect certain adjustments. Consolidated Total postpaid net additions for the fourth quarter were 1.4 million, down from 1.5 million in the prior year period, as growth in phone and tablet net additions was more than offs
Slide 11: Total Broadband Net Additions (K)
Total Broadband Net Additions (K) A13 389 408 4Q 2023 3Q2024 4Q 2024
Slide 12: Fixed Wireless Access Net Additions (K)
Fixed Wireless Access Net Additions (K) we Consumer [[] Business nee 4Q 2023 3Q2024 4Q 2024
Slide 13: Consumer Financial Results: broadband commentary
VlpHU09DSUQyMDE5UTE= VZQTR20FIN Total broadband net additions for the fourth quarter were 408 thousand compared to 413 thousand in the prior year period. • FWA net additions were 373 thousand, comparable to the 375 thousand in the prior year period. ◦ Consumer FWA net additions were 216 thousand, do
Slide 14: Consumer Total Operating Revenue ($B)
Total Operating Revenue ($B) 27.6 $27.0 $25.4 $ 4Q 2023 3Q2024 4Q 2024
Slide 15: Service and Other Revenue ($B)
Service and Other Revenue ($B) $20.5 $20.9 $214 4Q 2023 3Q2024 4Q 2024
Slide 16: Consumer revenue commentary
VlpHU09DSUQyMDE5UTE= VZQTR20FIN Total Consumer revenue for the fourth quarter was $27.6 billion, up 2.2% year over year, predominantly driven by gains in Service revenue. • Consumer Service and other revenue was $21.1 billion, up 2.7% year over year. • Consumer Wireless service revenue was $16.5 bil
Slide 17: Business Total Operating Revenue ($B)
Total Operating Revenue ($B) $7.6 $7.4 $7.5 4Q 2023 3Q2024 4Q 2024
Slide 18: Revenue by Customer Group ($B)
Revenue by Customer Group ($B) Enterprise and Public Sector (Business Markets and Other Wholesale 4Q 2023 3Q2024 4Q 2024
Slide 19: Business revenue commentary
VlpHU09DSUQyMDE5UTE= VZQTR20FIN VlpHU09DSUQyMDE5UTE= VZQTR20FIN Note: Revenue by customer group may not add due to rounding. Total Business revenue for the fourth quarter was $7.5 billion, down 1.5% year over year, as increases in Wireless service revenue were more than offset by decreases in Wireli
Slide 20: EBITDA and debt reconciliation
VlpHU09DSUQyMDE5UTE= Add: Interest expense 1,644 1,672 1,698 1,635 1,599 1,433 1,285 1,207 Consolidated EBITDA $ 12,718 $ 10,432 $ 12,215 $ 12,155 $ 4,298 $ 12,056 $ 11,756 $ 12,025 Add/(subtract): Equity in (earnings) losses of unconsolidated businesses 6 24 14 9 11 18 33 (9) Asset and business rat
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