AT&T or Verizon: Which Will See the Most Revenue Growth?

AT&T’s revenue trend

AT&T’s (T) net revenue was $170.8 billion in 2018 compared to $160.5 billion in 2017, indicating a ~6.4% YoY (year-over-year) rise. AT&T’s net revenue in the fourth quarter of 2018 was $48.0 billion compared to $41.7 billion in the fourth quarter of 2017, indicating a ~15.2% YoY rise.

Analysts expect AT&T’s revenue to rise 18.7% YoY to $45.2 billion in the first quarter, 7.8% YoY to $184.1 billion in 2019, 0.3% YoY to $184.7 billion in 2020, and 0.3% YoY to $185.3 billion in 2021.

AT&T or Verizon: Which Will See the Most Revenue Growth?

Verizon’s revenue trend

Verizon’s (VZ) net revenue was $130.9 billion in 2018 compared to $126.0 billion in 2017, indicating a ~3.8% YoY rise. Verizon’s net revenue in the fourth quarter of 2018 was $34.3 billion compared to $34.0 billion in the fourth quarter of 2017, indicating a ~1.0% YoY rise.

Analysts expect Verizon’s revenue to rise 1.6% YoY to $32.3 billion in the first quarter, 1.0% YoY to $132.2 billion in 2019, 1.1% YoY to $133.7 billion in 2020, and 1.1% YoY to $135.2 billion in 2021.