In the opening quarter of 2025, Verizon Communications Inc. demonstrated impressive financial performance driven by its diversified product portfolio tailored to meet evolving consumer demands. The company reported an industry-leading total wireless service revenue and continued to expand its broadband market share through robust demand for Fios and fixed wireless access offerings. With a focus on fostering customer relationships and expanding connections, Verizon achieved significant milestones across its strategic priorities, including increasing wireless service revenue, expanding adjusted EBITDA, and generating strong free cash flow. This success underscores Verizon's commitment to innovation and adaptability in various economic conditions.
The telecommunications giant announced a remarkable first-quarter performance highlighted by earnings per share growth and substantial increases in both revenue and net income. Notably, Verizon’s total operating revenue climbed to $33.5 billion, marking a 1.5 percent year-over-year increase. Furthermore, cash flow from operations surged to $7.8 billion compared to $7.1 billion in the same period last year, while free cash flow reached $3.6 billion, up from $2.7 billion in the previous year. Hans Vestberg, Verizon's Chairman and CEO, emphasized the company's pivotal role in customers' lives, attributing their achievements to a differentiated value proposition that aligns with consumer needs.
Verizon's mobility segment showcased exceptional results with an industry-leading total wireless service revenue of $20.8 billion, representing a 2.7 percent year-over-year rise. Despite experiencing postpaid phone net losses, the company celebrated notable gains in prepaid net additions since acquiring TracFone. Meanwhile, Verizon's broadband division continued to thrive, adding 339,000 broadband connections during the quarter. Fixed wireless access subscriptions expanded significantly, reaching over 4.8 million subscribers, reinforcing Verizon's ambition to hit 8-9 million subscribers by 2028.
Verizon Consumer reported a year-over-year revenue increase to $25.6 billion, primarily fueled by service revenue growth. While facing some challenges in postpaid phone net losses, the segment experienced positive trends in ARPA and churn rates. Additionally, Verizon Business saw operating income improvements due to robust wireless service revenue growth, achieving $7.3 billion in total revenue despite a slight year-over-year decline.
Looking ahead, Verizon anticipates continued growth in key metrics such as total wireless service revenue, adjusted EBITDA, and free cash flow. The company remains optimistic about delivering on its full-year guidance amidst potential global tariff uncertainties. By maintaining its strategic focus and leveraging innovative solutions, Verizon aims to further enhance its leadership position in both mobility and broadband sectors.
As Verizon continues to navigate dynamic market conditions, its commitment to innovation and customer-centric strategies positions it favorably for sustained success. The company's ability to adapt swiftly to changing consumer preferences and technological advancements ensures resilience even in challenging economic climates. Through disciplined execution and strategic investments, Verizon is poised to deliver long-term value to its stakeholders while meeting the evolving needs of its millions of customers worldwide.