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Mar 31

Verizon Q1 2025 Earnings Report

Verizon reported solid results in Q1 2025 with record Adjusted EBITDA and continued broadband and prepaid growth.

Key Takeaways

Verizon demonstrated strong financial and operational performance in Q1 2025, achieving its highest-ever quarterly Adjusted EBITDA and notable growth in wireless service revenue and free cash flow. The company continued expanding its broadband footprint and showed improvement in prepaid net additions.

Total Revenue
$33.5B
Previous year: $33B
+1.6%
EPS
$1.19
Previous year: $1.15
+3.5%
Consumer postpaid adds
1.7M
Previous year: 1.72M
-1.0%
Fios internet net adds
45K
Wireless retail gross adds
2.4M
Gross Profit
$15.9B
Previous year: $20.1B
-21.2%
Cash and Equivalents
$2.3B
Previous year: $2.37B
-2.7%
Free Cash Flow
$3.6B
Previous year: $2.71B
+32.9%
Total Assets
$380B
Previous year: $380B
+0.1%

Verizon

Verizon

Verizon Revenue by Segment

Forward Guidance

Verizon reaffirmed its commitment to 2025 financial guidance, supported by broadband expansion, prepaid strength, and continued wireless service revenue momentum.

Positive Outlook

  • Record quarterly Adjusted EBITDA performance
  • Broadband market share growth through FWA and fiber
  • Core prepaid net adds at best level since TracFone acquisition
  • Improved Y/Y combined postpaid and prepaid phone net adds
  • C-band deployment and fiber build ahead of plan

Challenges Ahead

  • Consumer postpaid gross adds declined 1.0% Y/Y
  • Wireless postpaid upgrades fell 2.2% Y/Y
  • No net income or operating income explicitly reported
  • Business postpaid adds not detailed in report
  • Fios internet net adds still modest relative to total base