Verizon Q2 earnings report shows 0.6% YoY sales increase to $32.8bn, beating postpaid phone net additions expectations at 148,000.

Verizon Communications Inc. (VZ) reported Q2 earnings, with sales up 0.6% YoY to $32.8bn, slightly missing consensus estimates, while adjusted EPS of $1.15 met expectations. Total wireless service revenue increased 3.5% YoY to $19.8bn, driven by growth in Consumer wireless service revenue. Verizon added 148,000 postpaid phone net additions, beating expectations of 118,000, as it offers perks such as bundled plans with Netflix and Hulu Max for an additional $10/month.

July 22, 2024
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