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.