Verizon Communications Inc (NYSE:VZ) stock fell 1.53% (As on April 23, 11:24:41 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the first quarter of FY25. Cash flow from operations totaled $7.8 billion in first-quarter 2025, up from $7.1 billion in first-quarter 2024. Free cash flow was $3.6 billion in first-quarter 2025, up from $2.7 billion in first-quarter 2024. Consolidated net income for first-quarter 2025 was $5.0 billion compared to $4.7 billion in first-quarter 2024. Consolidated adjusted EBITDA was $12.6 billion in first-quarter 2025 compared to $12.1 billion in first-quarter 2024. At the end of first-quarter 2025, Verizon’s ratio of unsecured debt to net income (LTM) was 6.4 times and net unsecured debt to consolidated adjusted EBITDA ratio was 2.3 times.

Moreover, Broadband net additions of 339,000 in first-quarter 2025. Total fixed wireless access net additions of 308,000 in first-quarter 2025, growing the base to over 4.8 million fixed wireless access subscribers. The company is well-positioned to achieve the next milestone of 8 to 9 million fixed wireless access subscribers by 2028. Total wireless service revenue in first-quarter 2025 was an industry-leading $20.8 billion, up 2.7 percent year over year. Wireless equipment revenue of $5.4 billion in first-quarter 2025, up 0.7 percent year over year. Total postpaid phone net losses of 289,000 in first-quarter 2025 compared to 114,000 postpaid phone net losses in first-quarter 2024. Total Verizon Consumer revenue in first-quarter 2025 was $25.6 billion, an increase of 2.2 percent year over year, predominantly driven by gains in wireless service revenue. Consumer wireless service revenue in first-quarter 2025 was $17.2 billion, up 2.6 percent year over year. Total Verizon Business revenue was $7.3 billion in first-quarter 2025, a decrease of 1.2 percent year over year.

VZ in the first quarter of FY25 has reported the adjusted earnings per share of $1.19, beating the analysts’ estimates for the adjusted earnings per share of $1.15, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue growth of 1.5 percent to $33.5 billion in the first quarter of FY25, beating the analysts’ estimates for revenue by 0.48%.

For fiscal 2025, the company expects total wireless service revenue growth of 2.0 percent to 2.8 percent, Adjusted EBITDA growth of 2.0 percent to 3.5 percent, Free cash flow of $17.5 billion to $18.5 billion and Adjusted EPS growth of 0 to 3.0 percent.