Verizon Reports Q1 2025 Revenue Growth to $33.5 Billion, Net Income Increases 6%

Verizon Communications Inc. reported its financial results for the first quarter of 2025, revealing total operating revenues of $33.5 billion, a 1.5% increase from $33.0 billion in the same period last year. The company's net income for the quarter was $4.98 billion, or $1.15 per diluted share, compared to $4.72 billion, or $1.09 per diluted share, in the prior year. This reflects a 6% increase in net income, driven by improved performance in the Consumer segment, which saw revenues rise to $25.6 billion, up 2.2% year-over-year.

In contrast, the Business segment experienced a decline in revenues, totaling $7.3 billion, down 1.2% from the previous year. This decrease was attributed to lower revenues in the Enterprise and Public Sector categories, which fell by 3.6%, and a 13.3% drop in Wholesale revenues. The overall increase in operating income for the quarter was $7.98 billion, up from $7.52 billion in the same period last year, indicating a positive trend in operational efficiency.

Verizon's strategic initiatives included significant capital expenditures of $4.1 billion during the quarter, aimed at enhancing its wireless and fiber networks. The company is also in the process of acquiring Frontier Communications, a move expected to bolster its broadband capabilities. Additionally, Verizon's wireless retail connections reached approximately 115 million, with a notable increase in fixed wireless access (FWA) subscribers, which grew by 41% year-over-year.

The company reported a decrease in cash and cash equivalents, totaling $2.3 billion at the end of March 2025, down from $4.2 billion at the end of 2024. This decline was primarily due to increased cash used in financing activities, which amounted to $5.9 billion, largely driven by dividend payments and debt repayments. Looking ahead, Verizon anticipates continued investment in its network infrastructure and expects capital expenditures for the full year to be between $17.5 billion and $18.5 billion, as it aims to maintain its competitive edge in the telecommunications market.