What is Verizon's latest dividend and current dividend yield?

What were the key takeaways from Verizon's earnings call?

What does Verizon do and what are its main business segments?

What is the revenue and EPS growth rate for Verizon year over year?

What were the key takeaways from Verizon’s earnings call?

What is the market's earnings forecast for Verizon next quarter?

What is Verizon's gross profit margin?

Did Verizon beat or miss consensus estimates last quarter?

- **Customer-Centric Growth Strategy**: Verizon pivots to prioritize retention, targeting industry-leading churn rates and converged service adoption. Q3 converged customers represent 18% of postpaid base (+200bps YoY).
- **AI-Driven Innovation**: CEO Dan Schulman positions AI as core growth driver, with early pilots showing 20% improvement in retention metrics. AI will power personalized offers and optimize operations.
- **Frontier Synergies**: $10.5B Frontier deal on track to close Q1 2026, with ~$1B annualized synergies. Verizon aims to capture ~10M new mobility subs from Frontier's 13M broadband base.
- **Financial Strength**: Q3 free cash flow of $7.0B (+17% YoY), net debt at 2.2x EBITDA (below target range). Dividend raised for 19th consecutive year.
- **Fiber Expansion**: Organic Fios builds (~650k/Q3) + Tillman partnership adds ~1M new premises annually. FWA annualized revenue surpasses $3B.

**【CEO Summary Section】**
- **Strategic Shift to Customer-Centric Growth**: CEO Dan Schulman emphasized a fundamental shift from network-centric to customer-centric operations, prioritizing retention and loyalty. Key initiatives include reducing churn to industry-leading levels, leveraging AI for personalized offers, and investing in converged services (mobility + broadband). 
- **Cost Transformation & Efficiency**: Schulman outlined plans to aggressively reduce OpEx and CapEx across all functions, reallocating savings into customer experience improvements. He rejected the notion that growth and profitability are mutually exclusive, targeting simultaneous volume and margin expansion.
- **Frontier Acquisition & Convergence**: The $10.5B Frontier deal, expected to close Q1 2026, will expand Verizon's fiber footprint to ~29M passings. Schulman highlighted convergence potential, noting Frontier's mobility under-index (Verizon holds <10% share in Frontier markets) and Fios churn rates 40% lower than standalone mobility.
- **AI & Innovation Focus**: Schulman positioned AI as a core growth driver, citing opportunities to simplify customer interactions, reduce churn, and optimize internal processes. He referenced PayPal's customer-centric turnaround as a model for Verizon's transformation.

**【CFO Financial Commentary】**
- **Q3 2025 Financial Highlights**: 
  - Total revenue: $33.8B (+1.5% YoY)
  - Adjusted EBITDA: $12.8B (+2.3% YoY)
  - Free cash flow: $7.0B (+17% YoY)
  - Wireless service revenue: $18.3B (+2.1% YoY, driven by ARPU growth and FWA)
  - FWA annualized revenue surpasses $3B
- **Balance Sheet Strength**: 
  - Net debt: $112B (2.2x EBITDA, below target range)
  - Debt reduction: $9.4B YoY
  - Dividend raised for 19th consecutive year
- **Frontier Synergies**: CFO Tony Skiadas highlighted ~$1B in annualized synergies post-close, with integration planning underway. Verizon's Fios expansion via Tillman partnership will add ~1M new premises annually outside existing footprint.

**【Q&A Highlights】**
- **Customer Growth Strategy**: Schulman committed to winning postpaid net adds through differentiated value propositions (e.g., best-in-class convergence, AI-driven offers), rejecting reliance on price promotions. Q3 postpaid phone net adds were flat YoY (-7,000) but converged customers represented 18% of base (+200bps YoY).
- **AI Implementation**: AI will be used to optimize marketing spend, personalize offers, and reduce churn. Early pilots show 20% improvement in customer retention metrics.
- **Balance Sheet Flexibility**: CFO reaffirmed 2.0-2.25x leverage target, noting Frontier will temporarily push ratio to ~2.45x but remain on track to re-enter target range by 2027. Open to strategic M&A but prioritizing organic growth.
- **Fiber Expansion**: Organic Fios builds (~650k premises/Q3) will complement Frontier deal. Tillman partnership adds ~1M new Fios premises annually outside existing footprint. Starry acquisition enhances MDU capabilities.


Verizon Communications Inc. (VZ) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

VZ

VZ fundamentals

You can ask Aime