Verizon Gains Subscribers Without Price Wars, Raises Outlook
Verizon Communications Inc. (NYSE: VZ ) reported second-quarter results Friday, with adjusted earnings beating Wall Street estimates while revenue narrowly missed expectations as customers held onto their phones longer, reducing equipment sales. Adjusted earnings came in at $1.30 per share, above the analyst consensus estimate of $1.27, according to Pro. Revenue totaled $34.25 billion, missing the $35.11 billion estimate. GAAP diluted earnings per share fell 22% year over year to 92 cents, while net income declined 22.9% to $3.9 billion. The company is working to rebuild subscriber growth through simpler wireless plans, bundled offerings and loyalty rewards as slower smartphone upgrades continue to pressure equipment revenue. Verizon Revamps Customer Strategy Verizon has struggled to accelerate growth in recent years as T-Mobile US Inc. (NASDAQ: TMUS ) gained wireless market share. CE...
Verizon Communications Inc. (NYSE: VZ ) reported second-quarter results Friday, with adjusted earnings beating Wall Street estimates while revenue narrowly missed expectations as customers held onto their phones longer, reducing equipment sales. 27, according to Pro. 11 billion estimate.
9 billion. The company is working to rebuild subscriber growth through simpler wireless plans, bundled offerings and loyalty rewards as slower smartphone upgrades continue to pressure equipment revenue. Verizon Revamps Customer Strategy Verizon has struggled to accelerate growth in recent years as T-Mobile US Inc. (NASDAQ: TMUS ) gained wireless market share.
CEO Dan Schulman, who took over in late 2025, has focused on simplifying the company’s offerings and improving the customer experience, Speaking at the Bloomberg Tech conference in June, Schulman said customers should expect a “steady drumbeat of improvements” over the coming months. Verizon has since introduced its Simplicity unlimited 5G plan with simplified pricing, access to its fastest 5G network and mobile hotspot data. The company also launched Verizon One, which combines wireless and home internet services into a single bill, and expanded its loyalty rewards program with discounts and promotional offers. 3 billion.
6%. 43 billion. 01 billion during the quarter. 7 billion in net unsecured debt.
5 billion from at least $3 billion. 4 billion. 02 billion. 1 million.
Postpaid phone additions easily topped analysts’ expectations of 103,900 net additions, according to FactSet. Schulman told Reuters on Friday the company is attracting subscribers and improving long-term retention by offering greater value rather than relying on aggressive promotional subsidies. 6% operating margin. 9% operating margin.
99. 96. The company reaffirmed its expectation for postpaid phone net additions in the upper half of its previously announced range of 750,000 to 1 million. 0%.
It continues to expect operating cash flow growth of approximately 2% to 4% and raised its free cash flow growth outlook to 9% to 10% from at least 7%. 28 during premarket trading on Friday, according to Pro data. Image via Shutterstock Read Next: Slower Subscriber Growth Sends T-Mobile Stock Lower After Mixed Quarter AT&T Surprises Wall Street With Strong Subscriber Growth Peacock Soars, Broadband Stumbles: Comcast Stock Slips After Earnings