Verizon's Q4 2024: Discrepancies Unveiled on AI Connect, Wireless Growth Strategies, and Revenue Projections

Financial and Operational Success:
- Verizon delivered on its financial guidance with 3.1% wireless service revenue growth and 2.1% adjusted EBITDA growth for 2024, exceeding the midpoint of guided ranges.
- The growth was driven by strong performance in postpaid mobility, broadband subscriptions, and operational efficiencies.

Broadband and Fixed Wireless Access Expansion:
- Verizon added nearly 1.6 million broadband subscribers, with 408,000 net adds in the fourth quarter, led by fixed wireless access accounting for 373,000 net adds.
- The expansion was fueled by successful fixed wireless access and Fios offerings, enhancing market share and customer outlook.

AI Strategy and Connect Solution:
- Verizon introduced AI Connect, a suite of offerings targeting the growing demand for AI applications, expecting $40 billion plus in potential revenue.
- This strategy leverages Verizon's existing assets like fiber assets and network capabilities to address the next generation of generative AI needs.

Upgrade Environment and Consumer Momentum:
- Verizon saw a slight increase in upgrade rates, contributing to positive consumer postpaid phone net adds, with a focus on mid-single-digit upgrade growth in 2025.
- The momentum was driven by longer device lifespans, new technology cycles, and strong execution in sales and marketing strategies.