Strong wireless service revenue growth highlights Verizon's 4Q and 2022 results

VERIZON COMMUNICATIONS INC

2022-FY EPS reported $5.06 revenue$136,835,000,000

Q4 2022 wireless service revenue up 5.9% year over year to $18.8 billion.
Full-year 2022 EPS of $5.06, adjusted EPS $5.18; total operating revenue $136.8B (+2.4%).
Retail postpaid net additions of 1,434,000 in Q4, best single quarter in 7 years.
2023 guidance: adjusted EPS $4.55-$4.85, capital spending $18.25B-$19.25B.
Free cash flow 2022 of $14.1B, down from $19.3B in 2021.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

VERIZON COMMUNICATIONS INC reported financial results for fourth quarter and full year of 2022.

Period: fourth quarter and full year of 2022
Result: reported results

Exact text from the filing

Attached as Exhibit 99.2 hereto is commentary, dated January 24, 2023, discussing Verizon's financial and operating results for the fourth quarter and full year of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

VERIZON COMMUNICATIONS INC reported full year 2022 results: revenue $136.8 billion, EPS $5.06.

Period: full year 2022
Revenue: $136.8 billion
EPS: $5.06
Result: reported results

Exact text from the filing

share (EPS) of $5.06, compared with $5.32 in 2021; adjusted EPS 1 , excluding special items, of $5.18, compared with 2021 adjusted EPS 1 2 of $5.50. • Total operating revenue of $136.8 billion in full-year 2022, up 2.4 percent year over year. 4Q 2022 highlights C onsolidated: • $1.56 in EPS, compared with $1.11 in fourth-quarter 2021; adjusted EPS 1 , excluding special

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Source: SEC EDGAR

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