Verizon reported a 0.5% increase in total operating revenue to 34.3 billion US dollars for the fourth quarter of 2018, excluding the impact of the new revenue recognition standard. For the whole of 2018, on a comparable basis, operating revenues grew approximately 2.2% to 130.9 billion dollars. Verizon said the "primary driver of the increase was continued wireless service revenue growth driven by step ups in access and net account growth."
Verizon also said IoT (Internet of Things) fourth-quarter revenues, including its Verizon Connect telematics business, increased approximately 9.5% year over year, excluding the impact of the revenue recognition standard. source: Verizon statement
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