- Verizon Communications Inc.
- 21 July 2025 12:28:34
Source: Sharecast
The US telecoms giant posted revenue of $34.5bn for the quarter, a 5.2% increase year-on-year and ahead of analyst estimates of $33.5bn.
Net income rose to $5bn, translating to earnings per share of $1.18, or $1.22 on an adjusted basis.
Both figures topped Wall Street forecasts, as demand for premium mobile plans and bundled broadband services helped offset competitive pressures and subscriber churn.
Wireless service revenue rose 2.2% to $20.9bn, maintaining Verizon’s industry-leading position.
Wireless equipment revenue jumped 25.2% to $6.3bn.
However, the company reported a surprise net loss of 9,000 postpaid wireless subscribers in the quarter, following customer attrition triggered by January price increases.
Analysts had expected a modest gain.
Verizon's broadband segment delivered 293,000 net additions, driven by demand for its fixed wireless access and Fios offerings.
Fixed wireless subscribers rose to 5.1 million, reinforcing Verizon's position in the expanding home internet market.
The consumer division posted a 6.9% increase in revenue to $26.6bn, supported by higher average revenue per account and new customer acquisition in prepaid services.
Meanwhile, business wireless service revenue grew 2.8% to $3.6bn, with operating income for the segment rising 66.4% year-on-year.
Chairman and CEO Hans Vestberg said Verizon’s segmented product strategy was key to its momentum.
“We continue to drive our multi-year customer-first strategy, launching new programs such as our 3-year price lock and free phone guarantee,” he said.
Following the strong quarter, Verizon raised its 2025 guidance.
The company said it now expected adjusted earnings per share to grow between 1% and 3%, up from a previous range of 0% to 3%.
Free cash flow is projected to be between $19.5bn and $20.5bn, up from a prior forecast of $17.5bn to $18.5bn.
Capital spending was expected to remain between $17.5bn and $18.5bn.
Verizon’s results come amid intensifying competition from rivals such as AT&T, T-Mobile, Comcast and Charter.
To maintain its edge, the company said it was investing heavily in network infrastructure, including fiber-optic assets.
It also secured regulatory approval in May for its $20bn acquisition of Frontier Communications, a move expected to bolster its broadband footprint.
At 0719 EDT (1219 BST), shares in Verizon Communications were up 4.66% in premarket trading in New York, at $42.70.
Reporting by Josh White for Sharecast.com.
