Verizon Communications (VZ) Revenue — Quarter Ended Dec 31, 2023
Revenue rose for the quarter, reversing the downward direction seen in each of the prior three quarters. However, the reported level fell slightly compared with the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue rose for the quarter, reversing the downward direction seen in each of the prior three quarters. However, the reported level fell slightly compared with the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$35.1B
Revenue reported for this quarter.
Quarter-over-quarter
+5.4%
Change from the immediately preceding quarter.
Year-over-year
-0.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$134B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $32.9B | -1.9% |
| Jun 30, 2023 | $32.6B | -3.5% |
| Sep 30, 2023 | $33.3B | -2.6% |
| Dec 31, 2023 | $35.1B | -0.3% |
Revenue performance
The quarter's revenue increased versus the immediately preceding quarter, breaking a streak of sequential declines observed earlier in the year.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was marginally lower. The trailing twelve-month revenue was materially above the current quarter's figure, reflecting cumulative performance over the past year.
What to watch
The company continues to deploy fiber-based networks to offset the shrinking market for traditional copper-based products.