Verizon’s financial results in 2024
Verizon, a major player in the U.S. telecommunications sector, closed 2024 with financial results that exceed expectations. The company reported a significant increase in earnings per share, from $2.75 in 2023 to $4.14 in 2024. This increase represents a clear sign of solidity and growth, despite global economic challenges
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Analysis of revenues and expenses
Verizon’s total operating revenues reached 134.8 billion dollars, an increase of 0.6% compared to the previous year.
However, cash flow showed a slight decrease, reaching 36.9 billion dollars, compared to 37.5 billion in 2023. The company explained that this decline is attributable to higher cash taxes and higher interest expenses. Capital expenditures for the year 2024 amounted to 17.1 billion dollars, a significant investment to support future growth
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Future prospects for Verizon
In the fourth quarter of 2024, Verizon reported earnings per share of $1.18, further consolidating its position in the telecommunications market. Looking to the future, the company expects its 2025 adjusted profit to grow in a range of 0 to 3%. This forecast, while modest, reflects some caution, but also confidence in the company’s ability to navigate a changing economic environment
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In a wider context, the telecommunications market continues to evolve, with new technologies and changes in consumer habits. Verizon, with its strong customer base and strategic investments, seems well-positioned to address these challenges and capitalize on
future opportunities.
