Verizon Communications Inc. has elected Jennifer K. Mann as a director, effective August 25, 2025. Ms. Mann is currently the Executive Vice President and President of the North America Operating Unit at The Coca-Cola Company and will participate in the company’s non-employee director compensation program.
As of now, Ms. Mann has not been assigned to any Board committee. This appointment adds to Verizon's Board composition, which may have implications for company governance and strategy.
linkAug 25, 2025 16:15:48
Verizon Communications reported strong financial results for the second quarter of 2025, achieving a total operating revenue of $34.5 billion, reflecting a 5.2% year-over-year increase. The company also saw a rise in net income to $5.1 billion, up from $4.7 billion in Q2 2024, and adjusted earnings per share increased to $1.22 from $1.15. Key drivers included a significant growth in wireless service revenue, which reached $20.9 billion, and an increase in free cash flow to $8.8 billion for the first half of 2025. The company added over 300,000 net customers in mobility and broadband, further solidifying its market position.
Verizon has raised its full-year guidance for adjusted EBITDA, adjusted EPS, and free cash flow based on its strong Q2 performance. The updated forecasts include adjusted EBITDA growth of 2.5% to 3.5%, adjusted EPS growth of 1.0% to 3.0%, and cash flow from operations projected between $37.0 billion and $39.0 billion. The company continues to focus on expanding its customer base and enhancing its service offerings, including broadband market share and innovative customer engagement strategies.
linkJul 21, 2025 06:58:11
Verizon Communications Inc. has announced the final results of its private exchange offers and cash offers for ten series of outstanding notes. The exchange offers, which expired on June 18, 2025, allow eligible holders to exchange their existing notes for newly issued 5.401% notes due in 2037. Verizon expects to issue approximately $2.2 billion in new notes, with the settlement date anticipated for June 25, 2025. Eligible holders will also receive cash for accrued and unpaid interest on the old notes accepted for exchange.
Additionally, Verizon has made cash offers for the same series of notes, with the cash offers also expiring on June 18, 2025. The maximum amount Verizon is willing to use for these cash purchases has been increased to $500 million, allowing for the purchase of all validly tendered notes that meet the criteria. Non-covered notes will be returned to holders without expense. The settlement date for the cash offers is also expected to be June 25, 2025.
linkJun 23, 2025 11:03:55
Verizon Communications Inc. has announced the expiration and preliminary results of its private exchange offers for ten series of notes, which expired on June 18, 2025. The company is exchanging outstanding notes for newly issued 5.401% Notes due 2037, with a settlement date expected on June 25, 2025. Eligible holders will receive cash payments for accrued and unpaid interest on the old notes accepted for exchange. The acceptance of notes will follow a specified priority level methodology, with a cap on the total amount of new notes issued.
Additionally, Verizon has completed cash offers for the same series of old notes, which also expired on June 18, 2025, with a similar settlement date of June 25, 2025. The company is currently reviewing the documentation submitted by holders to determine the final principal amounts of notes accepted in both offers. The cash offers are available only to holders who did not participate in the exchange offers. Global Bondholder Services Corporation is managing the offers and can assist with inquiries.
linkJun 20, 2025 13:40:58
Verizon Communications Inc. has announced the pricing terms for its private exchange offers and cash offers for ten series of its outstanding notes. The exchange offers allow eligible holders to exchange their existing notes for newly issued debt securities, with the offers set to expire at 5:00 p.m. Eastern Time today, June 18, 2025. Holders can withdraw their tendered notes prior to the expiration date, and the settlement date is expected to be June 25, 2025. The acceptance of notes will follow a priority level system, and Verizon has the option to waive or increase the maximum amount of new notes available for exchange at any time, subject to certain conditions.
Additionally, Verizon is offering cash purchases for the same series of notes, also expiring at 5:00 p.m. Eastern Time today, June 18, 2025. Similar to the exchange offers, the cash offers will utilize a priority system for acceptance. Holders who complete the necessary documentation and meet the conditions outlined in the Offer to Purchase will receive a total consideration for their validly tendered notes. The cash offer settlement date is also expected to be June 25, 2025. Verizon's obligations to complete these offers are subject to various conditions, including the satisfaction of maximum total consideration amounts.
linkJun 18, 2025 16:59:11
Verizon Communications Inc. has initiated two related transactions aimed at repurchasing 10 series of its outstanding notes. The first is a private exchange offer where eligible holders can exchange their Old Notes for newly issued debt securities, known as New Notes. This offer will expire on June 18, 2025, and the settlement date is expected to be June 25, 2025. The exchange is limited to a maximum of $2.5 billion in New Notes, and holders must meet specific eligibility criteria to participate. The company reserves the right to waive or increase this maximum amount at its discretion, and accrued interest will also be paid in cash in addition to the exchange price for the Old Notes accepted in the offer.
The second transaction consists of cash offers for the same series of Old Notes, available to holders who do not qualify for the exchange offer. This cash offer will also expire on June 18, 2025, with a corresponding settlement date of June 25, 2025. Similar to the exchange offers, the acceptance of Old Notes for purchase will be based on specified priority levels, and holders can withdraw their tendered notes before the expiration date. Both transactions are subject to various conditions, including the satisfaction of maximum total consideration limits and other regulatory requirements.
linkJun 12, 2025 10:29:44
Verizon Communications Inc. announced its financial results for the first quarter of 2025, reporting a total operating revenue of $33.5 billion, which reflects a 1.5 percent increase compared to the previous year. The company achieved an earnings per share (EPS) of $1.15, up from $1.09 in the same quarter of 2024. Additionally, Verizon's net income rose to $5.0 billion, an increase of 5.5 percent year-over-year, while cash flow from operations reached $7.8 billion, showing a notable improvement from $7.1 billion a year earlier.
The company highlighted its industry-leading wireless service revenue of $20.8 billion, a 2.7 percent increase year-over-year, and strong demand for its broadband services, including Fios and fixed wireless access. Verizon also reported net additions of 339,000 broadband subscribers in the first quarter. Despite some postpaid phone net losses, the company remains focused on customer retention and innovative service offerings. Verizon's total unsecured debt decreased to $117.3 billion, indicating a reduction in financial liabilities.
linkApr 22, 2025 06:55:45
Verizon Communications Inc. reported total operating revenues of $25,057 million for the three months ended March 31, 2024, a slight increase compared to $24,927 million in the previous quarter. Wireless service revenue also showed a positive trend, reaching $20,227 million, while the average revenue per account for retail postpaid customers was $164.27. However, the company experienced net losses in wireless retail postpaid phone connections, with a decrease of 114, indicating challenges in customer retention despite overall revenue growth. Additionally, the churn rate for retail postpaid phones was noted at 0.89%, slightly higher than previous periods, suggesting increased customer turnover.
On the consumer side, net additions for wireless retail postpaid phones were negative, with a loss of 194 connections in the latest quarter. Although gross additions remained relatively stable, the increase in churn rate for consumer accounts to 0.83% could indicate difficulties in maintaining customer loyalty. The business segment also faced challenges, with a churn rate of 1.13%, reflecting ongoing competitive pressures in the market.
linkMar 19, 2025 08:00:30
Verizon Communications Inc. reported notable growth in customer subscriptions, adding nearly 1 million postpaid mobile and broadband subscribers in the fourth quarter of 2024, marking its best quarterly result in over a decade. The company achieved total wireless service revenue of $20.0 billion in the same quarter, driven by pricing strategies and increased service offerings. Full-year earnings per share (EPS) rose to $4.14 compared to $2.75 in 2023, reflecting strong operational execution and solid financial performance across its segments. The company also reported a free cash flow of $19.8 billion, an increase from $18.7 billion in the previous year, despite facing a decline in business wireline revenue and higher upgrade volumes impacting margins in certain areas.
Conversely, Verizon faced challenges as its total operating revenue increased only marginally by 0.6% year-over-year, and cash flow from operations fell to $36.9 billion from $37.5 billion in 2023, primarily due to higher cash taxes and interest expenses. The company also reported a slight decrease in operating income margin within its Consumer segment, dropping from 26.1% to 25.1%. Additionally, while the company experienced a significant recovery in net income to $5.1 billion, it previously reported a net loss of $2.6 billion in the same quarter of 2023, indicating a volatile performance in prior periods.
linkJan 24, 2025 06:55:31
Verizon has made significant strides in its broadband strategy, reaching its fixed wireless access subscriber target 15 months ahead of schedule, with nearly 4.2 million subscribers as of Q3 2024. The company anticipates this number will double by 2028, driven by increasing customer demand. Additionally, Verizon is expanding its fiber network to reach 35-40 million households, bolstered by its planned acquisition of Frontier, which will enhance its market share and service offerings. This ambitious plan aims to provide unmatched broadband coverage and an integrated connectivity experience for millions of customers nationwide.
Despite the positive outlook, Verizon emphasizes its commitment to maintaining prudent investments and managing its debt levels, with a targeted net unsecured debt to adjusted EBITDA ratio of 2.0 to 2.25. The company plans to continue its capital expenditures in line with historical levels while also focusing on returning cash to shareholders. The integration of Frontier’s fiber network is expected to enhance Verizon’s service capabilities, but the company remains cautious of potential risks, including competition and economic conditions that could impact its operations and growth trajectory.
linkOct 22, 2024 09:14:23