Verizon's quarterly revenue rose 6.8 percent due to an increase in subscribers who pay for services after use, and a rise in average revenue per account as users added more devices to shared data plans.
The company, however, reported a loss of $2.15 billion, or 54 cents per share, for the fourth quarter compared with a profit of $7.92 billion, or $1.76 per share, a year earlier, mainly due to valuation of benefits plan and pension adjustments.
Shares in Verizon dipped slightly to $47.95 in premarket trading after closing at $48.25 on Wednesday.
Excluding items, Verizon earned 71 cents per share, matching Wall street estimates, according to Thomson Reuters I/B/E/S. Revenue rose to $33.19 billion from $31.07 billion, slightly higher than analysts' expectations of $32.69 billion.
Verizon's retail postpaid average revenue per account rose to $158.82 from $157.21, but was below $161.64 estimated by analysts polled by research firm StreetAccount.
The company added a net 2 million postpaid subscribers, more than the 1.5 million subscribers it added last quarter and 1.65 million subscribers it added in the same quarter a year ago.