The earnings call reflected a strong performance in revenue growth, profitability, and strategic execution with significant achievements in wireless and broadband segments. Although there are some challenges related to program amortization and churn, the company's strategic initiatives and investments position it well for future growth.

Company Guidance

During Verizon's Q3 2024 earnings call, the company provided a comprehensive overview of its strong financial and operational performance, highlighting several key metrics. Verizon reported a 2.7% growth in wireless service revenue and the highest EBITDA in its history at $12.5 billion for the quarter. The company generated $6 billion in cash flow during the period and achieved 239,000 positive net adds on the postpaid side. Verizon's broadband segment also saw significant growth, with fixed wireless access subscribers reaching 4 million to 5 million, 15 months ahead of schedule, contributing over $550 million in quarterly revenue. Additionally, Verizon plans to double its fixed wireless access target to 8 to 9 million subscribers by 2028 and aims to expand its fiber reach to 35 million to 40 million passings. The company reaffirmed its commitment to its full-year guidance, expecting to be at or above the midpoint for wireless service revenue and EBITDA. Capital expenditures for 2025 are projected to be between $17.5 billion and $18.5 billion, focusing on continuing the C-Band rollout and expanding Fios and broadband offerings.

Record-Breaking EBITDA and Cash Flow

Achieved the highest ever reported adjusted EBITDA in a quarter at $12.5 billion and generated strong free cash flow of $14.5 billion year-to-date.

Wireless Service Revenue Growth

Wireless service revenue grew by 2.7%, with the company expecting to be at or above the midpoint of the guided range for the full year.

Postpaid and Prepaid Growth

Achieved 239,000 postpaid net adds and 80,000 prepaid net adds, with seven consecutive quarters of year-on-year postpaid phone gross add momentum.

Broadband Subscriber Growth

Achieved 389,000 broadband net adds, with a strong performance in both Fios and Fixed Wireless Access (FWA).

15 Months Ahead of FWA Target

Exceeded the fixed wireless access target of 4-5 million subscribers 15 months ahead of schedule.

Expansion of Broadband Coverage

Plans to double fixed wireless access target to 8-9 million by 2028 and to cover more than 100 million households.

Positive Impact of Strategic Movements

Noted positive impact from strategic movements like the acquisition of Frontier and the expansion of Fios.

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Verizon (DE:BAC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:BAC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 24, 2025	2024 (Q4)	1.05 / -	1.036	―	―	―
Oct 22, 2024	2024 (Q3)	1.13 / 1.14	1.17	-2.46% (-0.03)
Jul 22, 2024	2024 (Q2)	1.10 / 1.10	1.16	-4.96% (-0.06)
Apr 22, 2024	2024 (Q1)	1.07 / 1.10	1.151	-4.17% (-0.05)
Jan 23, 2024	2023 (Q4)	1.04 / 1.04	1.141	-9.24% (-0.11)
Oct 24, 2023	2023 (Q3)	1.13 / 1.17	1.266	-7.58% (-0.10)
Jul 25, 2023	2023 (Q2)	1.12 / 1.16	1.256	-7.63% (-0.10)
Apr 25, 2023	2023 (Q1)	1.14 / 1.15	1.295	-11.11% (-0.14)
Jan 24, 2023	2022 (Q4)	1.14 / 1.14	1.256	-9.16% (-0.12)
Oct 21, 2022	2022 (Q3)	1.23 / 1.27	1.352	-6.38% (-0.09)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:BAC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 22, 2024	€40.42	€38.82	-3.96%
Jul 22, 2024	€37.57	€35.29	-6.05%
Apr 22, 2024	€36.58	€35.55	-2.82%
Jan 23, 2024	€34.48	€36.75	+6.58%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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