How Verizon Makes Money
Posted: Thu Jan 23, 2025 5:23 am
Verizon Revenue (2020-2022) - Verizon Business Model
Service income
Verizon's primary source of revenue comes from providing telecommunications services to its customers. These services include wireless services, internet subscriptions, television subscriptions, and telephone services. Customers pay monthly for these services, which contributes to Verizon's recurring revenue stream.
Sales and financing of equipment
Verizon generates revenue from the sale of a wide range of devices, including smartphones, tablets and other connected devices. The company often offers device financing options, allowing customers to pay for devices over time, potentially increasing australia phone number data upfront revenue.
Roaming and interconnection costs
When Verizon customers use their devices on partner networks while traveling, Verizon earns revenue from roaming agreements with other carriers. Additionally, Verizon earns revenue from interconnection fees when traffic from other carriers connects to Verizon's network.
Corporate and government contracts
Verizon offers a variety of services to large corporate and government customers. These services include networking, cybersecurity, cloud and communications solutions. Large-scale contracts with these customers contribute significantly to Verizon's revenue.
Mobile App
Authorized stores
Service income
Verizon's primary source of revenue comes from providing telecommunications services to its customers. These services include wireless services, internet subscriptions, television subscriptions, and telephone services. Customers pay monthly for these services, which contributes to Verizon's recurring revenue stream.
Sales and financing of equipment
Verizon generates revenue from the sale of a wide range of devices, including smartphones, tablets and other connected devices. The company often offers device financing options, allowing customers to pay for devices over time, potentially increasing australia phone number data upfront revenue.
Roaming and interconnection costs
When Verizon customers use their devices on partner networks while traveling, Verizon earns revenue from roaming agreements with other carriers. Additionally, Verizon earns revenue from interconnection fees when traffic from other carriers connects to Verizon's network.
Corporate and government contracts
Verizon offers a variety of services to large corporate and government customers. These services include networking, cybersecurity, cloud and communications solutions. Large-scale contracts with these customers contribute significantly to Verizon's revenue.
Mobile App
Authorized stores