Verizon changes segment revenue reporting; will disclose operating metrics on consolidated basis only

VERIZON COMMUNICATIONS INC

Consumer and Business revenue now reported as mobility/broadband service, wireless equipment, and other starting Q1 2026.
Operating metrics, including churn and ARPU, will only be provided on a consolidated level going forward.
Exhibit 99 recasts unaudited historical financial and operating data for the four quarters of 2025 to reflect the new presentation.
Changes are disclosure-only; no adjustments to previously reported net income or cash flows.

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