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Dec 31, 2022
Verizon Q4 2022 Earnings Report
Verizon's Q4 2022 results were marked by wireless service revenue growth and the highest total wireless retail postpaid net additions in seven years.
Key Takeaways
Verizon's Q4 2022 earnings showcased strong wireless service revenue growth, with the highest total wireless retail postpaid net additions in seven years. The company reported EPS of $1.56, up from $1.11 in Q4 2021, but adjusted EPS was $1.19, down from $1.33 in Q4 2021. Total operating revenue increased by 3.5% year over year to $35.3 billion.
Total operating revenue increased 3.5% year over year to $35.3 billion.
EPS was $1.56, compared to $1.11 in Q4 2021.
Adjusted EPS was $1.19, compared to $1.33 in Q4 2021.
Total wireless service revenue increased 5.9% 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 includes the final approximately $1.75 billion of the incremental $10 billion of C-Band-related capital spending.
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
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