148,000 net postpaid phone subscribers added and fixed-wireless broadband growth

  • Verizon added 148,000 net postpaid phone subscribers in Q2
  • Returned to growth on key subscriber metric in wireless-phone business
  • Fixed-wireless broadband business saw significant subscriber haul
  • Wireless retail postpaid phone churn at 0.85%
  • Overall revenue increased to $32.8 billion from $32.6 billion
  • Net income of $4.7 billion, or $1.09 per share
  • Adjusted earnings matched FactSet consensus at $1.15 per share
  • Total broadband net additions reached 391,000 in Q2
  • Fixed-wireless revenue up to $514 million from previous year
  • Verizon’s fixed-wireless base grew to over 3.8 million subscribers
  • Company maintains full-year growth outlook of 2.0% to 3.5% for wireless service revenue

Verizon Communications Inc. has reported a return to growth on key subscriber metrics in its wireless-phone business during Q2, adding 148,000 net retail postpaid phone subscribers while also experiencing significant growth in its fixed-wireless broadband business. The company’s wireless retail postpaid phone churn rate was 0.85%, compared to 0.83% in the second quarter of 2023. Overall revenue increased to $32.8 billion from $32.6 billion, with adjusted earnings per share matching the FactSet consensus at $1.15. Verizon posted a total of 391,000 broadband net additions in Q2, bringing its subscriber count to 11.5 million. The company’s fixed-wireless revenue reached $514 million, up from the previous year, and its fixed-wireless base grew to over 3.8 million subscribers.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about Verizon’s performance in the second quarter, including subscriber numbers, revenue, and financial results. It also includes relevant context and comparisons to previous quarters and analyst expectations.
Noise Level: 6
Noise Justification: The article provides some relevant information about Verizon’s performance in terms of subscribers and revenue but lacks in-depth analysis or context. It also includes promotional elements like ‘Don’t miss’ and ‘See more’ which can be considered as noise.
Public Companies: Verizon Communications Inc. (VZ)
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Financial Relevance: Yes
Financial Markets Impacted: Verizon Communications Inc.
Financial Rating Justification: The article discusses Verizon’s financial performance, including subscriber metrics and revenue growth in its wireless-phone business, which can impact the company’s stock price and overall financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

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