Consumer - Selected Financial Results (Form 8-K)

Consumer - Selected Financial Results

(dollars in millions)

						3 Mos. Ended			3 Mos. Ended			3 Mos. Ended			3 Mos. Ended						12 Mos. Ended
Unaudited						3/31/25			6/30/25			9/30/25			12/31/25						12/31/25
Operating Revenues
Mobility and broadband service(1)						$	18,801		$	19,002		$	19,096		$	19,024					$	75,923
Wireless equipment						4,532			5,369			4,766			7,112						21,779
Other(2)						2,285			2,277			2,243			2,300						9,105
Total Operating Revenues						$	25,618		$	26,648		$	26,105		$	28,436					$	106,807

Footnotes:

(1) Mobility and broadband service revenue primarily includes revenue from mobility communication services, fixed wireless access (FWA) broadband, Fios internet and other fiber-based services.

(2) Other revenue primarily includes revenue from wireline products that provide legacy voice, video and data solutions, as well as broadband solutions over a traditional copper-based network. Other revenue also includes fees that partially recover the direct and indirect costs of complying with regulatory and industry obligations and programs, leasing and interest recognized when equipment is sold to the customer by an authorized agent under a device payment plan agreement.

Certain intersegment transactions with corporate entities have not been eliminated.

Verizon Communications Inc.

Business - Selected Financial Results

(dollars in millions)

						3 Mos. Ended			3 Mos. Ended			3 Mos. Ended			3 Mos. Ended						12 Mos. Ended
Unaudited						3/31/25			6/30/25			9/30/25			12/31/25						12/31/25
Operating Revenues
Mobility and broadband service(1)						$	3,717		$	3,733		$	3,743		$	3,747					$	14,940
Wireless equipment						866			886			853			1,087						3,692
Other(2)						2,703			2,656			2,546			2,532						10,437
Total Operating Revenues						$	7,286		$	7,275		$	7,142		$	7,366					$	29,069

Footnotes:

(1) Mobility and broadband service revenue primarily includes revenue from mobility communication services, FWA broadband, Fios internet and other fiber-based services.

(2) Other revenue primarily includes revenue from wireline products that provide legacy voice, video and data solutions, as well as broadband solutions over a traditional copper-based network. Other revenue also includes fees that partially recover the direct and indirect costs of complying with regulatory and industry obligations and programs, leasing and interest recognized when equipment is sold to the customer by an authorized agent under a device payment plan agreement.

Certain intersegment transactions with corporate entities have not been eliminated.

Verizon Communications Inc.

Total Operating Statistics

Unaudited						3/31/25			6/30/25			9/30/25			12/31/25
Connections ('000):
Wireless retail						145,974			146,136			146,119			146,930
Wireless retail postpaid						125,744			125,895			125,913			126,705
Wireless retail postpaid phone						93,214			93,207			93,246			93,868
Wireless retail core prepaid(1)						18,977			19,017			19,062			19,169
Fiber broadband						7,581			7,613			7,674			7,741
FWA broadband						4,845			5,112			5,391			5,727
Total broadband(2)						12,426			12,725			13,065			13,468
						3 Mos. Ended			3 Mos. Ended			3 Mos. Ended			3 Mos. Ended						12 Mos. Ended
Unaudited						3/31/25			6/30/25			9/30/25			12/31/25						12/31/25
Net Additions ('000):
Wireless retail						(65)			177			2			851						965
Wireless retail postpaid						(159)			155			36			829						861
Wireless retail postpaid phone						(289)			(9)			44			616						362
Wireless retail core prepaid(1)						137			50			47			109						343
Fiber broadband						45			32			61			67						205
FWA broadband						308			278			261			319						1,166
Total broadband(2)						353			310			322			386						1,371
Account Statistics:
Wireless retail postpaid ARPA(3)						$	169.81		$	170.79		$	171.27		$	170.61					$	170.62
Wireless retail core prepaid ARPU(4)						$	31.92		$	32.56		$	32.70		$	32.90					$	32.52
Churn Rate:
Wireless retail postpaid phone						0.95		%	0.97		%	0.98		%	1.02		%				0.98		%
Wireless retail core prepaid(1)						3.47		%	3.60		%	3.73		%	3.73		%				3.63		%
Wireless Retail Postpaid Connection Statistics:
Upgrade rate						2.8		%	3.6		%	3.3		%	4.4		%

Footnotes:

(1) Represents total prepaid results excluding our SafeLink brand.

(2) Total broadband excludes solutions provided over a traditional copper-based network.

(3) Wireless retail postpaid ARPA - average service revenue per account from retail postpaid accounts.

(4) Wireless retail core prepaid ARPU - average service revenue per unit from retail prepaid connections excluding our SafeLink brand.

Where applicable, the operating results reflect certain adjustments, including those related to the reclassification of connections associated with Verizon's second number offering, migration activity among different types of devices and plans, customer profile changes, and adjustments in connection with mergers, acquisitions and divestitures. Where applicable, historical results have been recast to conform to the current period presentation.