Strong Financial Growth
Verizon reported a 2.7% increase in wireless service revenue, at the high end of their guided range, and a 4% growth in adjusted EBITDA to $12.6 billion, marking their highest reported result ever.
Record Free Cash Flow
Free cash flow increased by over $900 million, supporting capital allocation priorities and debt reduction.
Consumer Group Transformation
Verizon's consumer group achieved its best prepaid net adds since the TracFone acquisition, with 137,000 net adds, and launched the Verizon Value Guarantee, offering a three-year price lock and free phone guarantee.
Broadband Market Share Gains
Verizon recorded 339,000 broadband net adds, with the majority of new customers opting for converged mobile and broadband services.
Recognition for 5G Network
RootMetrics recognized Verizon as the best, fastest, and most reliable 5G network in the US.