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Visu uses AI to transform SEC filings and press releases into accurate summaries of earnings and key company events.
Verizon Closes €2.25 Billion and £1 Billion Notes Offerings
Verizon Communications Inc. has completed the sale of €2,250,000,000 in 3.9962% Fixed-to-Fixed Rate Junior Subordinated Notes due in 2056. This transaction was executed on November 10, 2025, under an agreement with multiple financial institutions, including BNP Paribas and Goldman Sachs. The offering was conducted under an effective shelf registration statement that became active on August 29, 2025.
In addition, Verizon has also closed the sale of £1,000,000,000 in 5.7420% Fixed-to-Fixed Rate Junior Subordinated Notes, also due in 2056, on the same date and under the same registration statement. The details of these offerings are being incorporated as exhibits to the registration statement for regulatory compliance.
linkNov 10, 2025 13:14:04
Verizon Reports Q3 2025 Earnings and Financial Performance
Verizon Communications reported third-quarter 2025 earnings with an EPS of $1.17, up from $0.78 in the same quarter of 2024. Total operating revenue reached $33.8 billion, reflecting a 1.5% year-over-year increase. The company generated cash flow from operating activities of $28.0 billion for the first nine months of 2025, compared to $26.5 billion in 2024. Free cash flow also increased to $15.8 billion, up from $14.5 billion year-over-year. Consolidated net income for the quarter was $5.1 billion, with consolidated adjusted EBITDA of $12.8 billion, slightly higher than the previous year’s $12.5 billion.
In the broadband segment, Verizon added 306,000 broadband customers in Q3 2025, with significant growth in fixed wireless access. Consumer revenue was $26.1 billion, up 2.9% year-over-year, while Business revenue decreased by 2.8% to $7.1 billion. The company’s total unsecured debt stood at $119.7 billion at the end of Q3 2025, down from $126.4 billion a year earlier. Verizon maintained its full-year financial guidance, projecting growth in total wireless service revenue and adjusted EBITDA, alongside expected cash flow from operations between $37.0 billion and $39.0 billion.
linkOct 29, 2025 06:31:15
Verizon Appoints New CEO and Announces Executive Changes
Verizon Communications has appointed Daniel H. Schulman as the new Chief Executive Officer, effective immediately, following the resignation of Hans E. Vestberg, who will serve as Special Advisor until October 2026. Schulman, who has been on Verizon's Board since 2018 and previously led PayPal, is expected to focus on integrating the upcoming Frontier Communications acquisition and enhancing Verizon's broadband strategy. Mark Bertolini has been elected as the new Chairman of the Board.
The company has reiterated its financial guidance for full-year 2025, with plans to report its third-quarter earnings on October 29, 2025. Schulman's leadership experience in the telecommunications and financial sectors positions him to drive growth and customer focus at Verizon, particularly as the company prepares for significant changes stemming from the Frontier acquisition.
linkOct 06, 2025 08:38:31
Verizon Elects New Board Director Jennifer K. Mann
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 Reports Q2 2025 Financial Performance and Customer Growth
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 Completes Exchange and Cash Offers for Outstanding Notes
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 Announces Results of Exchange and Cash Offers for Notes
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 Announces Private Exchange and Cash Offers for Notes
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 Launches Exchange and Cash Offers for Outstanding Notes
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 Reports Increased Revenue and Profit for Q1 2025
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