Verizon Q4 2022 Earnings Report
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.
Verizon
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Verizon 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.