Verizon reports 3Q results marked by revenue growth momentum
NEW YORK, Oct. 21, 2022 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) today reported its third-quarter 2022 results.
- NEW YORK, Oct. 21, 2022 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) today reported its third-quarter 2022 results.
- Wireless service revenue growth and higher wireless equipment revenue more than offset wireline declines and the net impact of merger and acquisition (M&A) activity in 2021.
- Total Verizon Consumer revenue was $25.8 billion, an increase of 10.8 percent year over year, driven by wireless service revenue growth and higher equipment revenue.
- Verizon continues to expect the following results for full-year 2022:
Reported wireless service revenue growth4 of 8.5 to 9.5 percent.