Service Revenues Drive Verizon’s Q4 2022 as Wireless Consumer Phone Subscriber Weakness Continues
Jan 25, 2023
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Author : Maurice Klaehne
Overview:
Verizon’s Q4 2022 earnings showcased the company's strong net adds, the highest quarter in seven years with 1,434,000 combined net adds. FWA net adds lead the way, with phone net adds being positive for the first time in the year. Wireless revenue grew 5.5% YoY with wireless service revenues reaching $18.8 billion, a 5.9% YoY increase. For 2023, Verizon is leaning on its C-band deployment and spectrum openings to further push services like FWA and become more competitive in under-penetrated markets.
Table of Contents:
- Key takeaways from Q4 and 2023 Outlook
- Wireless consumer performance
- Wireless business performance
- Verizon network and FWA update
Number of Pages: 12
Publication Date: January 2023
