VERIZON COMMUNICATIONS (VZ) Company Report

Technology analyst James Altucher warns that U.S. consumers pay the highest prices globally for some of the slowest internet speeds, underscoring a collapsing telecom system burdened by high costs and poor performance.
Major providers are raising prices “at four times the rate of inflation,” with many customers now paying nearly $200 per month for service that lags behind international peers.
A high-profile incident saw Verizon slow California firefighters’ data speeds to 1/200th of prior levels, illustrating network fragility during critical moments.
Starlink has surpassed six million users, growing 50% year-over-year as consumers seek alternatives to traditional broadband and cellular networks.

Nov 24, 2025, 7:00 PM

Press Release

Verizon announces largest-ever 13,000 job cuts

Layoffs

Management Change

Verizon to cut 13,000 jobs (~13% of workforce) in its biggest reduction ever as part of a broad restructuring led by CEO Dan Schulman.
Expected $1.6 billion to $1.8 billion severance charge in Q4 and reduction of outsourced labor costs.
Management ranks heavily impacted, with about 20% of non-union management roles being eliminated.
Closing one retail store and converting 179 stores to franchises, signaling pullback from high-cost assets.
Establishing a $20 million reskilling and career transition fund for affected employees.

Nov 20, 2025, 7:05 PM

Bloomberg

Verizon plans largest-ever layoffs and store franchising

Layoffs

Verizon plans its largest-ever layoffs, cutting 15,000 jobs (15% of its workforce) starting next week.
The company will convert about 200 retail stores to franchised operations, moving employees off its payroll.
The move is driven by intense competition in wireless/home-internet markets and three consecutive quarters of postpaid phone subscriber losses, including a 289,000 monthly wireless loss in Q1.
New CEO Daniel Schulman has signaled aggressive cost cuts, calling cost reductions "a way of life".

Nov 13, 2025, 4:18 PM

Morningstar

Verizon plans $10 billion bond sale for Frontier acquisition

Debt Issuance

M&A

Verizon is raising approximately $10 billion via a multi-part corporate bond sale to finance its $20 billion acquisition of Frontier Communications, including assuming $10 billion of Frontier’s debt.
The offering comprises five tranches, including a 40-year note priced about 1.6 percentage points above U.S. Treasuries.
Proceeds will replace $10 billion in short-term bank funding previously secured to support the deal.
The FCC approved the acquisition after Verizon agreed to discontinue its diversity programs as a condition of clearance.
Analysts maintain a “Buy” rating with an outperform outlook, despite a roughly 0.7% share price decline to $39.74 following the announcement.

Nov 10, 2025, 2:18 PM

Bloomberg

Verizon reports Q3 profit rise to $5B

Earnings

CEO Change

New Projects/Investments

Adjusted EPS of $1.21 topped estimates despite a 2.3% revenue miss at $33.8 billion, aided by a net addition of 44,000 postpaid wireless subscribers even after losing 7,000 postpaid phone users
Business segment saw a 2.8% revenue decline despite adding 51,000 postpaid mobile users, highlighting uneven performance across units
New CEO Dan Schulman, appointed in October, is driving a focus on customer experience, cost structure, and sustainability, with major investments in 5G and fiber expansion, including a partnership with Eaton Fiber and a pending $20 billion fiber acquisition
Company reaffirms full-year wireless service revenue growth guidance of 2%–2.8%, and its stock now yields nearly 7% after 19 consecutive years of dividend increases

Oct 29, 2025, 1:29 PM

Morningstar

Verizon reports Q3 2025 earnings

Earnings

Verizon’s total revenue was $33.8 B, up 1.5% year-over-year.
Adjusted EBITDA rose to $12.8 B (+2.3% Y/Y) with a 37.8% margin; adjusted EPS was $1.21, up 1.7% Y/Y.
Wireless retail postpaid phone gross adds totaled 2.8 M (+5.4% Y/Y) and Fios internet net adds were 61 K.
Through nine months, free cash flow reached $15.8 B vs. $14.5 B a year ago; net unsecured debt to adjusted EBITDA improved to 2.2x.

Oct 29, 2025, 12:30 PM

Presentation

Verizon reports Q3 2025 results and names new CEO

Earnings

CEO Change

M&A

Dan Schulman was appointed CEO after eight years under his predecessor, outlining a shift to a customer-centric strategy with four imperatives: delight customers, cost transformation, capital efficiency, and accelerate shareholder returns.
Q3 operational highlights include postpaid phone net losses of 7,000, prepaid net adds of 47,000, Verizon Business phone net adds of 51,000, and broadband net adds of 306,000 (FiOS +61,000; FWA +261,000 to 5.4 million subs; total broadband base 13.2 million).
Q3 financials: revenue of $33.8 billion (+1.5% yoy); adjusted EBITDA of $12.8 billion (+2.3% yoy); adjusted EPS of $1.21 (+1.7% yoy); free cash flow of $7 billion (+17% yoy; $15.8 billion YTD +9%); net unsecured debt/EBITDA at 2.2×; dividend raised for the 19th consecutive year.
Maintains full-year financial guidance and remains on track to close the Frontier acquisition in Q1 2026; 2026 guidance to be provided during the January earnings call.

Oct 29, 2025, 12:30 PM

Transcript

Verizon posts Q3 2025 results

Earnings

CEO Change

M&A

Dan Schulman appointed CEO, succeeding Hans Vestberg, with a mandate to shift to a customer-first strategy and drive cost and capital transformation.
Wireless service revenue rose 2.1% and equipment revenue grew 5.2% year-over-year; consolidated adjusted EBITDA was $12.8 billion (+2.3%), and adjusted EPS was $1.21 (+1.7%).
Q3 free cash flow reached $7 billion (up ~17%), and YTD free cash flow totaled $15.8 billion (+9%); net unsecured debt fell to $112 billion, with a leverage ratio of 2.2x.
The planned Frontier acquisition remains on track for early 2026, expected to add ~29 million fiber passings, creating material convergence opportunities.
Strategic priorities include delighting customers through an enhanced value proposition, aggressive cost savings, optimized capital allocation, and leveraging AI across operations.

Oct 29, 2025, 12:30 PM

Transcript

Verizon reports Q3 2025 results and strategic leadership change

Earnings

CEO Change

M&A

Dan Schwartz (name inferred) appointed as new CEO, initiating a customer-centric transformation with aggressive cost reduction, AI-driven experiences, and focus on converged offerings ahead of the Frontier close.
Q3 consolidated revenue of $33.8 billion (+1.5%), adjusted EBITDA of $12.8 billion (+2.3%), adjusted EPS of $1.21 (+1.7%); Q3 free cash flow of $7 billion (+17%) and YTD free cash flow of $15.8 billion (+9%).
Operational highlights include a net loss of 7,000 postpaid phone accounts, 306,000 broadband net adds, and 61,000 FiOS Internet net adds; 18% of consumer postpaid phone subscribers now take a converged offering.
Strong balance sheet with net unsecured debt of $112 billion (2.2× consolidated adjusted EBITDA), 19th consecutive annual dividend increase, and on track to close the Frontier fiber deal in Q1 2026.

Oct 29, 2025, 12:30 PM

Transcript

Verizon reports Q3 2025 results

Earnings

Guidance Update

Dividends

EPS of $1.17, up from $0.78 a year ago, on total operating revenue of $33.8 billion, a 1.5% year-over-year increase.
Wireless service revenue of $21.0 billion, up 2.1% year-over-year.
Free cash flow of $15.8 billion for the nine months ended September 30, 2025, versus $14.5 billion a year earlier.
Reiterated full-year guidance, raising the free cash flow forecast to $19.5 – 20.5 billion from $17.5 – 18.5 billion.
Raised the dividend for the 19th consecutive year.

Oct 29, 2025, 10:31 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for VERIZON COMMUNICATIONS.

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Daniel Schulman say about margins?What are VERIZON COMMUNICATIONS's strategic priorities?How is VERIZON COMMUNICATIONS positioned vs competitors?How did VERIZON COMMUNICATIONS do last quarter?

Let Fintool AI Agent track VERIZON COMMUNICATIONS's earnings for you

Get instant analysis when filings drop