Verizon Communications Inc. has announced an increase in the annual target long-term incentive for its Chairman and CEO, Hans Vestberg. The Board of Directors approved raising his 2025 long-term incentive opportunity from $18 million to $25 million, with 67% allocated to performance stock units (PSUs) and 33% to restricted stock units (RSUs). This decision was based on market competitiveness, Vestberg's tenure, and experience.

Additionally, Verizon disclosed changes in revenue classification and reporting metrics for 2025. Recurring device protection and insurance-related plan revenues will be reclassified from "Other revenue" to "Wireless service revenue." The company will also stop including the impact of its second number offering when calculating certain wireless retail postpaid phone metrics.

Verizon Communications announced at an investor event that its Verizon Consumer Group expects postpaid phone net additions for the first quarter of 2025 to be impacted by increased churn of 3 to 5 basis points due to recent pricing changes. Additionally, postpaid phone gross additions are projected to remain flat or slightly decline compared to the previous year.

Despite these short-term effects, Verizon remains confident in its full-year financial guidance and expects Consumer postpaid phone net additions for 2025 to surpass those of 2024, excluding the impact of the second number offering.

The information was provided as part of Verizon’s investor disclosures and was not filed with the SEC but furnished for informational purposes.

Verizon Business and Accenture have formed a strategic partnership to enhance cybersecurity solutions for businesses of all sizes. The collaboration will focus on identity and access management (IAM), managed extended detection and response (MxDR), and cyber risk services to help organizations detect, respond to, and recover from cyber threats.

Verizon's expertise in networking and security will be combined with Accenture’s capabilities in cyber risk management and technology solutions. The partnership aims to address increasing cybersecurity challenges, including data breaches, phishing attacks, and supply chain risks.

The initial phase will introduce new as-a-service cybersecurity offerings, with plans to co-develop additional solutions in the future. Industry analysts see this initiative as strengthening Verizon's competitive position in cybersecurity while aligning with growing market demand for comprehensive security services.

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Verizon achieved strong growth and profitability in 2024, adding nearly 1 million postpaid mobile and broadband subscribers in Q4, marking its best quarterly performance in over a decade. Total wireless service revenue reached $20 billion in Q4, solidifying its industry leadership. Full-year 2024 earnings per share (EPS) rose to $4.14, a significant improvement from $2.75 in 2023. Total operating revenue for the year increased slightly to $134.8 billion.

Key highlights include strong wireless postpaid phone net additions, doubling 2023 figures, and continued broadband market share growth through Fios and fixed wireless access. Verizon added 568,000 postpaid phone connections and 408,000 broadband connections in Q4, driving a 15% annual growth in total broadband connections. Consumer wireless service revenue grew by 3.0% year-over-year in Q4, supported by higher average revenue per account and fixed wireless adoption.

The Business segment reported 3.4% growth in wireless service revenue, driven by strong net additions and pricing actions, while the Consumer segment achieved its strongest quarterly postpaid phone gross additions in five years. Fixed wireless access continued to expand, reaching nearly 4.6 million subscribers. Verizon remains well-positioned for 2025, supported by strategic initiatives, including the pending Frontier acquisition and advancements in AI and satellite partnerships.

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