Verizon Posts Record $13.8 Billion Adjusted EBITDA in Third Quarter
Verizon’s consolidated adjusted EBITDA rose 8% year over year to $13.8 billion in the third quarter, a company quarterly record. Equipment revenue declined 9% year over year.
Verizon's consolidated adjusted Ebitda reached $13.8 billion in 3Q, an 8% year-over-year increase and the highest quarterly result in company history. The record came as equipment revenue declined 9% year-over-year, reflecting longer device holding periods and the company's strategic decision to re…