Verizon said total operating revenue for Q2 2025 was $34.5 billion, up 5.2% year-over-year, net income was $5.1 billion compared to $4.7 billion in the prior-year period, and adjusted EBITDA was $12.8 billion compared to $12.3 billion in the prior-year period.

1. 01

   Verizon said total operating revenue for Q2 2025 was $34.5 billion, up 5.2% year-over-year, net income was $5.1 billion compared to $4.7 billion in the prior-year period, and adjusted EBITDA was $12.8 billion compared to $12.3 billion in the prior-year period.

2. 02

   The company said wireless service revenue for Q2 was $20.9 billion, up 2.2% year-over-year, and wireless equipment revenue was $6.3 billion, up 25.2% year-over-year. EPS was $1.18 compared to $1.09 in the prior-year period, and adjusted EPS was $1.22 compared to $1.15 in the prior-year period.

3. 03

   Verizon said cash flow from operations for the first half of 2025 was $16.8 billion compared to $16.6 billion in the prior-year period, and free cash flow was $8.8 billion compared to $8.5 billion in the prior-year period. Net unsecured debt at the end of Q2 was $116.0 billion, and the net unsecured debt to adjusted EBITDA ratio was 2.3 times.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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