Verizon to speak at New Street Research Conference on March 26

Rhea-AI Summary

Verizon (NYSE, Nasdaq: VZ) has announced that Frank Boulben, senior vice president and chief revenue officer for the Consumer Group, will speak at the New Street Research and BCG Future of Connectivity Leaders Conference on March 26, 2025, at 8:30 a.m. ET.

The presentation will focus on the unit's initiatives in mobile and broadband innovation, market differentiation, and customer experience enhancement. Verizon has confirmed its 2025 financial guidance, including:

• Wireless service revenue growth of 2.0-2.8%
• Adjusted EBITDA growth of 2.0-3.5%
• Adjusted EPS growth of 0-3.0%
• Cash flow from operations of $35.0-37.0 billion
• Capital expenditures of $17.5-18.5 billion
• Free cash flow of $17.5-18.5 billion

The company generated revenues of $134.8 billion in 2024 and serves millions of customers across multiple countries.

NEW YORK, March 24, 2025 (GLOBE NEWSWIRE) -- Frank Boulben, senior vice president and chief revenue officer for the Consumer Group of Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the New Street Research and BCG Future of Connectivity Leaders Conference on Wednesday, March 26, at 8:30 a.m. ET. His remarks will be webcast, with access instructions available on Verizon’s Investor Relations website, www.verizon.com/about/investors.

Boulben will discuss the unit’s progress to innovate on its mobile and broadband platforms, bringing differentiated offers to the market and enhancing its value proposition, while elevating the customer experience and strengthening customer relationships.

Verizon is on track to deliver on its full-year 2025 financial and operational guidance and remains committed to its three key priorities of growing wireless service revenue, expanding adjusted EBITDA¹ and generating strong free cash flow¹.

For 2025, Verizon continues to expect the following:

• Total wireless service revenue growth^{2 3} of 2.0 percent to 2.8 percent.
• Adjusted EBITDA growth¹ of 2.0 percent to 3.5 percent.
• Adjusted EPS¹ growth of 0 to 3.0 percent.
• Cash flow from operations of $35.0 billion to $37.0 billion.
• Capital expenditures between $17.5 billion and $18.5 billion.
• Free cash flow¹ of $17.5 billion to $18.5 billion.

1 Non-GAAP financial measure. See the accompanying schedules and www.verizon.com/about/investors for reconciliations of non-GAAP financial measures cited in this document to most directly comparable financial measures under generally accepted accounting principles (GAAP).
2 Total wireless service revenue represents the sum of Consumer and Business segments.
3 Reflects the reclassification of recurring device protection and insurance related plan revenues from other revenue into wireless service revenue beginning January 2025. Reclassified 2024 annual revenues were more than $2.9 billion.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.8 billion in 2024. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Forward-looking statements

In this communication we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of operations. Forward-looking statements also include those preceded or followed by the words “anticipates,” “assumes,” “believes,” “estimates,” “expects,” “forecasts,” “hopes,” “intends,” “plans,” “targets” or similar expressions. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The following important factors, along with those discussed in our filings with the Securities and Exchange Commission (the “SEC”), could affect future results and could cause those results to differ materially from those expressed in the forward-looking statements: the effects of competition in the markets in which we operate, including the inability to successfully respond to competitive factors such as prices, promotional incentives and evolving consumer preferences; failure to take advantage of, or respond to competitors' use of, developments in technology, including artificial intelligence, and address changes in consumer demand; performance issues or delays in the deployment of our 5G network resulting in significant costs or a reduction in the anticipated benefits of the enhancement to our networks; the inability to implement our business strategy; adverse conditions in the U.S. and international economies, including inflation and changing interest rates in the markets in which we operate; cyberattacks impacting our networks or systems and any resulting financial or reputational impact; damage to our infrastructure or disruption of our operations from natural disasters, extreme weather conditions, acts of war, terrorist attacks or other hostile acts and any resulting financial or reputational impact; disruption of our key suppliers’ or vendors' provisioning of products or services, including as a result of geopolitical factors or the potential impacts of global climate change; material adverse changes in labor matters and any resulting financial or operational impact; damage to our reputation or brands; the impact of public health crises on our business, operations, employees and customers; changes in the regulatory environment in which we operate, including any increase in restrictions on our ability to operate our networks or businesses; allegations regarding the release of hazardous materials or pollutants into the environment from our, or our predecessors’, network assets and any related government investigations, regulatory developments, litigation, penalties and other liability, remediation and compliance costs, operational impacts or reputational damage; our high level of indebtedness; significant litigation and any resulting material expenses incurred in defending against lawsuits or paying awards or settlements; an adverse change in the ratings afforded our debt securities by nationally accredited ratings organizations or adverse conditions in the credit markets affecting the cost, including interest rates, and/or availability of further financing; significant increases in benefit plan costs or lower investment returns on plan assets; changes in tax laws or regulations, or in their interpretation, or challenges to our tax positions, resulting in additional tax expense or liabilities; changes in accounting assumptions that regulatory agencies, including the SEC, may require or that result from changes in the accounting rules or their application, which could result in an impact on earnings; and risks associated with mergers, acquisitions, divestitures and other strategic transactions, including our ability to consummate the proposed acquisition of Frontier Communications Parent, Inc. and obtain cost savings, synergies and other anticipated benefits within the expected time period or at all.

Non-GAAP Reconciliations
Free Cash Flow Forecast
(dollars in millions)
Unaudited					12 Mos. Ended 12/31/25
Net Cash Provided by Operating Activities Forecast				$	35,000 - 37,000
Capital expenditures forecast (including capitalized software)					(17,500 - 18,500)
Free Cash Flow Forecast				$	17,500 - 18,500

Media contacts:
Jamie Serino         
jamie.serino@verizon.com                 

Adi Wineland
aditya.wineland@verizon.com

FAQ

What are Verizon's (VZ) financial targets for 2025?

Verizon targets wireless service revenue growth of 2.0-2.8%, adjusted EBITDA growth of 2.0-3.5%, and free cash flow of $17.5-18.5 billion for 2025.

How much revenue did Verizon (VZ) generate in 2024?

Verizon generated revenues of $134.8 billion in 2024.

What will Frank Boulben discuss at the New Street Research Conference on March 26, 2025?

He will discuss Verizon's progress in mobile and broadband innovation, market differentiation, and customer experience enhancement.

What is Verizon's (VZ) expected capital expenditure range for 2025?

Verizon expects capital expenditures between $17.5 billion and $18.5 billion for 2025.

What changes did Verizon (VZ) make to its revenue classification in 2025?

Verizon reclassified recurring device protection and insurance related plan revenues from other revenue into wireless service revenue, affecting over $2.9 billion in annual revenues.