Raising our Outlook

Nationwide Broadband Growth Drivers Broadband Revenue Outlook* ~$4B 2021 2022 2025 Growth 2025 *Note: Includes both Consumer & Business FWA + Fios Revenue Expected Key Drivers FWA • 50M Households Covered by YE 2025 • 14M Businesses covered by YE 2025 4M-5M Subscribers by YE 2025 Fios ● • >18M Open For Sale by YE 2025 ~8M Internet Subscribers by YE 2025 Consumer Internet-only mix grows from 40% to 50%+ by YE 2025 © 2022 Verizon 68

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