Verizon Communications Inc

Strong Financial Performance: Verizon delivered a successful fourth quarter with a wireless service revenue growth of 3.1% and an adjusted EBITDA growth of 2.1% for the full year. The company exceeded its financial guidance, ending the year with nearly $20 billion in wireless service revenue and strong free cash flow of $19.8 billion, allowing continued debt reduction and an 18th consecutive year of dividend increases.

Subscriber Growth: Verizon added nearly 2.5 million postpaid mobility and broadband subscribers in 2024, with notable contributions from nearly 900,000 postpaid phone net adds and 1.6 million broadband subscribers. Positive trends in consumer postpaid and prepaid segments were seen, with positive impact from initiatives like fixed wireless access and the myPlan product.

2025 Forecast: For 2025, Verizon expects wireless service revenue growth between 2% to 2.8% and consolidated adjusted EBITDA growth of 2% to 3.5%, reflecting a solid performance outlook. The company anticipates increased upgrades from customers and expects the promotion amortization headwinds to peak, providing a favorable backdrop for profitability.