Loading...
•
Mar 31, 2023
Verizon Q1 2023 Earnings Report
Verizon's Q1 2023 earnings were released, showing an increase in cash flow and the largest number of total broadband net additions in over a decade.
Key Takeaways
Verizon reported a decrease in total operating revenue, but an increase in net income. The company saw growth in total broadband net additions and wireless service revenue. EPS increased, but adjusted EPS decreased year over year.
Total broadband net additions reached the largest result in more than a decade.
Total wireless service revenue increased year over year.
Cash flow from operations and free cash flow increased compared to the previous year.
Consumer postpaid phone gross additions increased year over year.
Revenue by Segment
Forward Guidance
For 2023, Verizon expects total wireless service revenue growth of 2.5 percent to 4.5 percent, adjusted EBITDA of $47.0 billion to $48.5 billion, adjusted EPS of $4.55 to $4.85, adjusted effective income tax rate in the range of 22.5 percent to 24.0 percent, and capital spending in the range of $18.25 billion to $19.25 billion.
Positive Outlook
- Total wireless service revenue growth of 2.5% to 4.5%.
- Adjusted EBITDA of $47.0 billion to $48.5 billion.
- Adjusted EPS of $4.55 to $4.85.
- Adjusted effective income tax rate in the range of 22.5% to 24.0%.
- Capital spending in the range of $18.25 billion to $19.25 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...