Verizon Hits Record $13.8B EBITDA as Margin Expands to 40.2%
VZ sits 16% above its 52-week low of $38.39 on elevated volume (2.2× avg).
Summary
Verizon's Q3 consolidated adjusted EBITDA hit a company-record $13.8 billion, up 8% year-over-year, with margin expanding to 40.2% from 37.8%. The record came even as equipment revenue fell 9% year-over-year, reflecting longer device holding periods and a deliberate pullback on device subsidies. Mobility and broadband service revenue grew 2.9% to $23.5 billion, more than offsetting the equipment decline. This adds the profitability detail behind the Q3 report that already showed 406,000 postpaid phone adds and raised full-year guidance. The margin gain is the key takeaway: service revenue growth plus lower subsidy spend is doing the work, not hardware sales.
At the time of this announcement, VZ was trading at $44.69 on NYSE in the Trade & Services sector, with a market capitalization of approximately $185.6B. The 52-week trading range was $38.39 to $51.68. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.