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Verizon reported strong Q4 2024 earnings, adding nearly 1 million subscribers, but forecasted lower 2025 growth.
Verizon reported strong Q4 2024 results, surpassing revenue and earnings forecasts.
The company added nearly 1 million subscribers, marking its best quarterly result in over a decade.
Wireless service revenue grew by 3.1% to $20 billion, with 568,000 new wireless subscribers and 408,000 broadband connections.
Verizon's EBITDA grew by 2.1%, and the company expects wireless service revenue growth of 2-2.8% in 2025.
Despite these gains, Verizon forecasted lower free cash flow and profit growth for 2025 compared to analysts' expectations.
The company is investing heavily in expanding its 5G services.
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