- Total wireless service revenue of $18.8 billion, a 5.9 percent increase year over year.
- Postpaid phone net additions of 217,000, and retail postpaid net additions of 1,434,000, which was the best single quarter performance in seven years. Full-year 2022 retail postpaid net additions were 2,605,000, an increase of 23.2 percent from full-year 2021. This success was driven by strong fixed wireless momentum, tablet and wearables adoption and sequential improvement in phone net additions.
- Total retail postpaid churn of 1.14 percent, and retail postpaid phone churn of 0.89 percent.
As for the full 2022, Verizon managed to increase its revenue to $136.8 billion, earning $5.06 per share:
- Full-year 2022 earnings per share (EPS) of $5.06, compared with $5.32 in 2021; adjusted EPS, excluding special items, of $5.18, compared with 2021 adjusted EPS of $5.50.
- Total operating revenue of $136.8 billion in full-year 2022, up 2.4 percent year over year.
Granted, it is biding its time with the 5G network rollout, especially compared to T-Mobile, but its recent mid-band spectrum acquisition may allow it to catch up while it offers strong and expansive 4G LTE backhaul to its increasing number of subscribers.
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