Company profile
SEC EDGAR ↗- Industry
- Telephone Communications (No Radiotelephone)
- Listed
- NYSE: VZ
- Incorporated
- DE
- Headquarters
- New York, NY
- Fiscal year end
- Dec 31
Financials
FY2025- Revenue
- $138.2B
- Net income
- $17.6B
- Total assets
- $404.3B
Latest full fiscal year from SEC filings (10-K) — SEC EDGAR ↗. Stratrix is a strategy publication, not a real-time financial data service.
The analyses
The Money Machine · Business Model
Verizon Won the Network 35 Times Running. Then It Tried to Be Google.
Verizon has won J.D. Power's network-quality crown 35 straight times since 2003. So why did it spend ~$8.88B buying AOL and Yahoo, write off $4.6B in 18 months, and sell the wreckage at a ~$4B net loss?
8 min
The Money Machine · Business Model
Verizon Sells the Best Network in America. The Receipts Only Half Agree.
Verizon's whole model is a premium price for a premium network. But the independent scorecards say AT&T won overall in 2H 2024 and T-Mobile owns 5G availability at ~92% to Verizon's 64.5%. The premium is real - it's just narrower than the marketing.
7 min
The Counterfactual · Decision Forks
Verizon Bought AOL and Yahoo to Beat Google. It Was Dead on Arrival.
Verizon spent roughly $9 billion assembling Oath from AOL and Yahoo, then took a $4.6 billion goodwill writedown within 18 months. The story isn't that the content was tired. It's that the thesis underneath was impossible from day one.
7 min
The Repricing · Business Model
Verizon's myPlan Turned Free Perks Into $10 Add-Ons — a Price Increase Wearing a Menu
myPlan was sold as customer empowerment: pick your perks, pay for what you use. But the Disney Bundle and Apple Music that cost $10 each in 2023 had been included free the year before. The 'choice' was a price increase wearing a menu.
7 min