Summary: Verizon has announced that its operating revenue in Q1 2025 grew 1.5% from a year ago to $33.5 billion, despite losing subscribers. The telco’s wireless service revenue in Q1 2025 was an “industry-leading” $20.8 billion. However, the company lost significant postpaid phone subscribers in the first quarter of the year.
Verizon has posted its financial results for the first quarter of this year. During Q1 2025, the telecom operator reported strong financial performance, despite losing subscribers. The company’s revenue in the first quarter of 2025 grew by 1.5% compared to the same period last year. For the quarter ended March 31, the telco’s earnings came in at $1.19 per share on an adjusted basis, up ¢4 from last year.
Verizon’s revenue rose to $33.5 billion in Q1 2025
Verizon’s Q1 adjusted earnings and revenue topped Wall Street targets. Its total operating revenue grew 1.5% from a year ago to $33.5 billion. According to a FactSet poll, analysts were expecting earnings of $1.15 a share on revenue of $33.3 billion.
The smartphone carrier’s wireless service revenue in Q1 2025 was an “industry-leading” $20.8 billion, 2.7% more than last year. Analysts were expecting the wireless revenue to be around $20.44 billion. Verizon’s wireless equipment revenue was $5.4 billion, up 0.7% year over year.
Customer base declined more than estimated in Q1 2025
Despite an increase in overall revenue, Verizon lost 289,000 wireless postpaid phone business and consumer subscribers. It exceeded the estimates for a loss of 197,000 subscribers. It’s worth mentioning that billed monthly, postpaid phone consumers are the highest spending wireless users for a telecom operator. So, despite losing a lot of postpaid users, the company managed to grow its Q1 2025 revenue.
Furthermore, Verizon announced that it added 339,000 internet subscribers. This helped the company’s wireless subscriber base reach 4.8 million. In Q1 2025, Verizon added 45,000 new subscribers to its Fios service, down from 53,000 in the same period in 2024. Verizon will continue adding more Fios subscribers as it will soon expand to nearly 30 US states following the Frontier acquisition.
2025-04-23 15:11:36