76. Verizon

How Many Stores Closing: Unknown

Current Value of the Business: $166.77 billion*

In the fourth quarter of 2024, Verizon witnessed a slight dip in operating revenue, amounting to $35.1 billion, a 0.3% decrease from the previous year. This decline was largely due to a 17.9% decrease in postpaid wireless equipment upgrades.

Verizon faced a substantial net loss of $2.6 billion, translating to $0.64 per share, during the fourth quarter, a stark contrast to the previous year’s gain of $6.7 billion, or $1.56 per share. This downturn reflects significant strains in their wireless sector, casting uncertainty on the future of physical stores.