Why did VZ's Q4 2024 earnings surprise positively?

Verizon's (VZ) Q4 2024 earnings report positively surprised due to several key factors: 1. **Strategic Pricing Increases**: Verizon implemented additional price increases, which are expected to generate incremental revenue of over $1 billion. These increases reflect the company's ability to pass on price changes to customers, enhancing revenue despite potential churn. 2. **Strong Dividend Yield**: Verizon offers an attractive dividend yield of approximately 6%, which is a significant benefit for income-focused investors. This dividend appeal supports the stock's valuation and investor confidence in the company's stability. 3. **Investment in 5G and Fixed Wireless**: The company's continued investment in 5G and fixed wireless technologies positions it well for future growth opportunities. This strategic focus aligns with the increasing demand for high-speed internet and reliable connectivity, which is likely to drive revenue and market share in the long term. 4. **Churn Reduction Focus**: Verizon is focusing on reducing churn through better personalization of offers and cross-selling additional products. By retaining customers and encouraging them to take on more services, the company can stabilize its revenue stream and improve profitability. Overall, these factors combined have contributed to a positive earnings surprise, reflecting Verizon's effective revenue growth strategies and strong market positioning.