Verizon’s revenue in Q4 2018
In the previous part of this series, we discussed Wall Street analyst expectations for Verizon’s (VZ) fourth-quarter earnings. Now let’s take a look at the expected total revenue growth of the company. Wall Street analysts predict Verizon’s total revenue to rise ~1.2% YoY to $34.4 billion in the fourth quarter.
Earlier in the third quarter, Verizon reported total revenue of $32.6 billion, which was ~2.8% higher YoY. However, excluding the impact of the new revenue recognition accounting standard, the telecom company’s consolidated revenues grew ~2.6% YoY on a comparable basis.
In the third quarter, Verizon’s wireless revenue rose ~6.5% YoY to $23.0 billion. However, revenues for the wireline unit fell ~3.8% YoY to $7.4 billion.
By comparison, AT&T’s (T) total revenue is expected to grow ~15.9% YoY to $48.5 billion in the quarter ended December 31, while T-Mobile’s (TMUS) total revenue is expected to rise ~5.6% YoY to $11.4 billion. Sprint’s (S) total revenue is expected to rise ~2.3% YoY to reach $8.4 billion in the same period.
In the next part, we’ll discuss how much consolidated adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) growth we can expect from Verizon in the fourth quarter.