Verizon Communications reported on Tuesday a 1.5% year-over-year increase in revenue for the first quarter of 2025 to $33.5 billion. Net income for the quarter advanced 6.3% to $5 billion, while earnings per share (EPS) reached $1.15, up from $1.09 last year.
For 2025's outlook, Verizon sees its wireless service revenue rising between 2% and 2.8%, with a growth in EPS of 0% to 3%. Capital expenditures are expected to reach between $17.5 billion and $18.5 billion.
"We continue to drive our multi-year customer-first strategy, launching new programs such as our 3-year price lock and free phone guarantee for consumers and My Biz Plan for small and medium sized businesses. With our high quality customer base, network superiority and position of financial strength, we have the momentum and flexibility to continue innovating to meet customer needs and invest for growth," CEO Hans Vestberg noted. After the report's publication, Verizon shares declined 3.59% in premarket trading to sell at $41.39.
