How Verizon’s Revenue Compares with Peers’
In the first nine months of last year, Verizon’s (VZ) net revenue grew ~4.9% YoY (year-over-year) to $96.6 billion from $92.1 billion, and in the third quarter, its net revenue grew ~2.8% YoY to $32.6 billion from $31.7 billion.
Jan. 2 2019, Updated 12:55 p.m. ET
Verizon’s revenue trends
Peer comparison
AT&T’s (T) revenue is expected to rise ~15.9% YoY to $48.5 billion in the fourth quarter, while T-Mobile’s (TMUS) is expected to grow ~5.6% YoY to $11.4 billion. Sprint’s (S) revenue is anticipated to rise ~2.1% YoY to $8.4 billion in the third quarter of fiscal 2018 (ended December). Verizon finished the third quarter with 154 million wireless customers, and AT&T, T-Mobile, and Sprint closed the quarter with 150.3 million, 77.2 million, and 53.5 million wireless customers, respectively.