Raising our Outlook

5G Mobility Growth Drivers 5G Mobility Growth Outlook* $7B+ 2021 2022 2025 Growth 2025 * Vector includes postpaid net adds, ARPA/ARPU, and device protection Expected Key Drivers Consumer • 2.0%+ ARPA CAGR thru 2025 (excl. FWA) • ~2/3 from Premium mix and ~1/3 from products • Growth from subscribers and accounts • Customers with 5G phones are 2.5X more likely to take premium unlimited Business © 2022 Verizon • Growth from market leadership expansion 5G adoption grows to 80% by year end 2025 SMB premium mix of ~70% by year end 2025 67

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