Verizon said Consumer segment operating revenues for the 3 and 9 months ended September 30, 2025 totaled $26.1 billion and $78.4 billion, representing increases of 2.9% and 4.0%, respectively, while Business segment operating revenues totaled $7.1 billion and $21.7 billion, representing decreases of 2.8% and 1.5%, respectively.

1. 01

   Verizon said Consumer segment operating revenues for the 3 and 9 months ended September 30, 2025 totaled $26.1 billion and $78.4 billion, representing increases of 2.9% and 4.0%, respectively, while Business segment operating revenues totaled $7.1 billion and $21.7 billion, representing decreases of 2.8% and 1.5%, respectively.

2. 02

   The company said Consumer postpaid revenue for the 9 months increased $787 million, citing pricing actions, higher adoption of perks and premium MyPlan offerings, and a 28% increase in its FWA subscriber base as factors. It added that these increases were partially offset by the amortization of wireless equipment sales promotions.

3. 03

   Verizon said Business segment Enterprise and Public Sector wireline revenue decreased $165 million and $379 million for the 3 and 9 months, respectively, and wireless service revenue decreased $61 million and $124 million, respectively. The company cited public sector pressure from government efficiency efforts as a factor in the latter.

4. 04

   Verizon said net cash provided by operating activities for the 9 months of 2025 increased $1.5 billion, capital expenditures, including capitalized software, totaled $12.3 billion, and net cash used in financing activities was $12.8 billion. Total debt as of September 30, 2025 was $146.8 billion.

Key figures

Quarter ended September 30, 2025

Revenue

$33.8B

Operating income

$8.1B

Net income

$5.0B

EPS

$1.17

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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