Verizon's Impressive Wireless and Broadband Revenue Growth in Q2 2024
Monday, 22 July 2024, 11:00
Overview of Verizon's Q2 2024 Performance
Verizon has showcased a robust performance in the second quarter of 2024, driven by significant improvements in both wireless and broadband services.
Wireless Service Revenue Growth
- Total wireless service revenue: $19.8 billion, representing a 3.5 percent increase year over year.
- Retail postpaid phone net additions: 148,000.
- Retail postpaid net additions: 340,000.
- Retail postpaid phone churn: 0.85 percent.
- Retail postpaid churn: 1.11 percent.
Broadband Subscriber Growth
- Total broadband net additions: 391,000, showcasing strong demand.
Conclusion
Verizon's growth in both wireless service revenue and broadband subscribers positions the company favorably within the market and reinforces its financial outlook for the rest of 2024.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.