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Verizon's revenue by segment 2012-2019

Verizon Communications underwent strategic reorganization of its business in 2018 and 2019. Effective April 1, 2019, there are two reportable segments that Verizon operates and manages as strategic business units under the new structure - Verizon Consumer Group (Consumer) and Verizon Business Group (Business). In the 2019 annual report, Verizon reported details for the previous operating structure for the purpose of comparison.

Verizon Communications’ segments

The previous Wireless segment (Verizon Wireless) provides wireless communications products and services on a postpaid and prepaid basis in the United States. The previous Wireline segment provides corporate networking solutions and security and managed network services around the world, for example. The new Consumer segment provides consumer-focused wireless and wireline communications services and products. The new Business segment provides wireless and wireline communications services and products, video and data services, corporate networking solutions, security and managed network services, local and long distance voice services and network access to deliver various Internet of Things (IoT) services and products. The smallest segment – Corporate and Other – stays unchanged after the restructuring and includes the results from subsidiaries, such as Verizon Media and Verizon Connect, as well as historical results from divested businesses.

Verizon’s global revenue

Verizon Communications’ total operating revenue amounted to roughly 130 billion U.S. dollars in 2018. This makes the company one of the largest telecommunications operators in the United States. Additionally, Verizon has had the most wireless U.S. subscribers over the last five years, thus making it the top wireless carrier in the country.

Verizon Communications' global revenue by business segment from 2012 to 2019 (in billion U.S. dollars)*

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Source

Release date

February 2020

Region

Worldwide

Survey time period

2012 to 2019

Supplementary notes

*Excludes eliminations

**Corporate and other includes the results of Verizon's Media business, Verizon Media, which operated in 2018 under the "Oath" brand, Verizon's telematics business, branded Verizon Connect, and other businesses, investments in unconsolidated businesses, unallocated corporate expenses, pension and other employee benefit related costs and interest and financing expenses.

In November 2018 Verizon Communications announced strategic reorganization of its business. Effective April 1, 2019, there are two reportable segments that Verizon operate and manage as strategic business units under the new structure - Verizon Consumer Group (Consumer) and Verizon Business Group (Business).

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Statistics on "Verizon Communications"

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