target audience: TECH SUPPLIER Publication date: Feb 2023 - Document type: Market Note - Doc Document number: # US49371623
Verizon FY22 Earnings
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Abstract
This Market Note provides an overview of Verizon's 4Q22 and FY22 financial performance. On January 24, 2023, Verizon released its 4Q22 and full-year 2022 earnings. The company recorded total operating revenue of $136.8 billion in the full year 2022, up 2.4% over 2021 revenue, and fourth quarter consolidated revenue of $35.3 billion, up 3.5% YoY. The company downgraded its outlook for 2023, citing economic uncertainty. However, the company cited the potential "tailwinds" of its investment in C-band spectrum to provide a foundation for future growth.