Verizon Communications Inc.
Exhibit 99.1
Selected Historical Financial and Operating Information
Consumer - Selected Financial Results
(dollars in millions)
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| | | 3 Mos. Ended | 3 Mos. Ended | 3 Mos. Ended | 3 Mos. Ended | | 12 Mos. Ended |
| Unaudited | | | | | | 3/31/24 | 6/30/24 | 9/30/24 | 12/31/24 | | 12/31/24 |
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| Operating Revenues | | | | | | | | | | | |
| Service | | | | | | $ | 19,624 | | $ | 19,851 | | $ | 19,919 | | $ | 20,064 | | | $ | 79,458 | |
| Wireless equipment | | | | | | 4,490 | | 4,143 | | 4,478 | | 6,487 | | | 19,598 | |
| Other | | | | | | 943 | | 933 | | 963 | | 1,009 | | | 3,848 | |
| Total Operating Revenues | | | | | | $ | 25,057 | | $ | 24,927 | | $ | 25,360 | | $ | 27,560 | | | $ | 102,904 | |
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Footnotes:
Certain intersegment transactions with corporate entities have not been eliminated.
Verizon Communications Inc.
Consumer - Selected Operating Statistics
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| Unaudited | | | | | | 3/31/24 | 6/30/24 | 9/30/24 | 12/31/24 | | |
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| Connections (‘000): | | | | | | | | | | | |
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| Wireless retail postpaid phone | | | | | | 74,523 | | 74,407 | | 74,412 | | 74,772 | | | |
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| | | | | | 3 Mos. Ended | 3 Mos. Ended | 3 Mos. Ended | 3 Mos. Ended | | 12 Mos. Ended |
| Unaudited | | | | | | 3/31/24 | 6/30/24 | 9/30/24 | 12/31/24 | | 12/31/24 |
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| Gross Additions (‘000): | | | | | | | | | | | |
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| Wireless retail postpaid phone | | | | | | 1,674 | | 1,647 | | 1,860 | | 2,324 | | | 7,505 | |
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Net Additions (‘000): | | | | | | | | | | | |
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| Wireless retail postpaid phone | | | | | | (194) | | (109) | | 18 | | 367 | | | 82 | |
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| Churn Rate: | | | | | | | | | | | |
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| Wireless retail postpaid phone | | | | | | 0.83 | % | 0.79 | % | 0.83 | % | 0.88 | % | | 0.83 | % |
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| Revenue Statistics (in millions): | | | | | | | | | | | |
Wireless service revenue | | | | | | $ | 16,760 | | $ | 16,985 | | $ | 17,036 | | $ | 17,170 | | | $ | 67,951 | |
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Wireless Account Statistics: | | | | | | | | | | | |
Wireless retail postpaid ARPA(1) | | | | | | $ | 141.31 | | $ | 144.15 | | $ | 144.94 | | $ | 145.61 | | | $ | 144.00 | |
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Footnotes:
(1) Wireless retail postpaid ARPA - average service revenue per account from retail postpaid accounts.
Where applicable, the operating results reflect certain adjustments, including those related to the reclassification of connections associated with Verizon’s second number offering, migration activity among different types of devices and plans, customer profile changes, and adjustments in connection with mergers, acquisitions and divestitures. Where applicable, historical results have been recast to conform to the current period presentation.
Certain intersegment transactions with corporate entities have not been eliminated.
Verizon Communications Inc.
Business - Selected Operating Statistics
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| Unaudited | | | | | | 3/31/24 | 6/30/24 | 9/30/24 | 12/31/24 | | |
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| Connections (‘000): | | | | | | | | | | | |
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| Wireless retail postpaid phone | | | | | | 18,295 | | 18,445 | | 18,603 | | 18,745 | | | |
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| | | | | | 3 Mos. Ended | 3 Mos. Ended | 3 Mos. Ended | 3 Mos. Ended | | 12 Mos. Ended |
| Unaudited | | | | | | 3/31/24 | 6/30/24 | 9/30/24 | 12/31/24 | | 12/31/24 |
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| Gross Additions (‘000): | | | | | | | | | | | |
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| Wireless retail postpaid phone | | | | | | 694 | | 737 | | 770 | | 740 | | | 2,941 | |
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Net Additions (‘000): | | | | | | | | | | | |
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| Wireless retail postpaid phone | | | | | | 80 | | 135 | | 149 | | 137 | | | 501 | |
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| Churn Rate: | | | | | | | | | | | |
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| Wireless retail postpaid phone | | | | | | 1.13 | % | 1.09 | % | 1.12 | % | 1.08 | % | | 1.10 | % |
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| Revenue Statistics (in millions): | | | | | | | | | | | |
| Wireless service revenue | | | | | | $ | 3,467 | | $ | 3,521 | | $ | 3,562 | | $ | 3,572 | | | $ | 14,122 | |
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Footnotes:
Where applicable, the operating results reflect certain adjustments, including those related to the reclassification of connections associated with Verizon’s second number offering, migration activity among different types of devices and plans, customer profile changes, and adjustments in connection with mergers, acquisitions and divestitures. Where applicable, historical results have been recast to conform to the current period presentation.
Certain intersegment transactions with corporate entities have not been eliminated.
Verizon Communications Inc.
Supplemental Information - Total Wireless Operating and Financial Statistics
The following supplemental schedule contains certain financial and operating metrics which reflect an aggregation of our Consumer and Business segments’ wireless results.
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| Unaudited | | | | | | 3/31/24 | 6/30/24 | 9/30/24 | 12/31/24 | | |
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Connections (‘000): | | | | | | | | | | | |
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| Retail postpaid phone | | | | | | 92,818 | | 92,852 | | 93,015 | | 93,517 | | | |
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| | | | | | 3 Mos. Ended | 3 Mos. Ended | 3 Mos. Ended | 3 Mos. Ended | | 12 Mos. Ended |
| Unaudited | | | | | | 3/31/24 | 6/30/24 | 9/30/24 | 12/31/24 | | 12/31/24 |
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Net Additions (‘000): | | | | | | | | | | | |
| Retail postpaid phone | | | | | | (114) | | 26 | | 167 | | 504 | | | 583 | |
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Account Statistics: | | | | | | | | | | | |
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Retail postpaid ARPA(1) | | | | | | $ | 164.27 | | $ | 167.38 | | $ | 168.44 | | $ | 168.96 | | | $ | 167.26 | |
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Churn Rate: | | | | | | | | | | | |
| Retail postpaid phone | | | | | | 0.89 | % | 0.85 | % | 0.88 | % | 0.92 | % | | 0.88 | % |
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Revenue Statistics (in millions)(2): | | | | | | | | | | | |
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| Wireless service | | | | | | $ | 20,227 | | $ | 20,506 | | $ | 20,598 | | $ | 20,742 | | | $ | 82,073 | |
| Wireless equipment | | | | | | 5,361 | | 4,998 | | 5,343 | | 7,515 | | | 23,217 | |
| Wireless other | | | | | | 871 | | 867 | | 907 | | 953 | | | 3,598 | |
| Total Wireless | | | | | | $ | 26,459 | | $ | 26,371 | | $ | 26,848 | | $ | 29,210 | | | $ | 108,888 | |
Footnotes:
(1) Wireless retail postpaid ARPA - average service revenue per account from retail postpaid accounts.
(2) Intersegment transactions between Consumer or Business segment with corporate entities have not been eliminated.
Where applicable, the operating results reflect certain adjustments, including those related to the reclassification of connections associated with Verizon’s second number offering, migration activity among different types of devices and plans, customer profile changes, and adjustments in connection with mergers, acquisitions and divestitures. Where applicable, historical results have been recast to conform to the current period presentation.