Verizon’s fourth-quarter revenue rose 2.0% to $36.4bn. This was driven almost entirely by a 9.1% uplift in wireless equipment revenue to $8.2bn.
Underlying cash profit (EBITDA) remained broadly flat at $11.9bn, as higher costs offset revenue growth. Consumer post-paid phone subscriptions remained fairly steady at 74,772.
Full-year free cash flow rose 6.0% to $19.8bn, driven by lower levels of capital expenditure. Net unsecured debt totalled $110.1bn, down 3.2%.
For 2026, wireless service revenue is expected to be flat. Free cash flow is expected to rise by around 7% to at least $21.5bn.
The shares rose 2.5% in pre-market trading.
Our view
HL view to follow.
Verizon key facts
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This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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