Financial Data and Key Metrics Changes - Consolidated revenue for Q3 2025 was $33.8 billion, an increase of 1.5% year-over-year [11] - Adjusted EBITDA was $12.8 billion, up 2.3% year-over-year, with year-to-date adjusted EBITDA growth of 3.5% [13] - Adjusted EPS for the quarter was $1.21, reflecting a 1.7% increase year-over-year [13] - Free cash flow for Q3 was $7 billion, representing a nearly 17% improvement year-over-year [14] - Net unsecured debt at the end of the quarter was $112 billion, a $9.4 billion improvement year-over-year [16] Business Line Data and Key Metrics Changes - Postpaid phone gross adds increased by 8.4% year-over-year, but net losses were 7,000 due to a churn rate of 0.91% [8] - Consumer upgrades rose by 16% year-over-year, attributed to the best value guarantee [9] - Core prepaid business added 47,000 net subscribers, marking the fifth consecutive quarter of growth [9] - Verizon Business added 51,000 phone net adds, offsetting disconnect pressure in the public sector [10] - Broadband net adds were 306,000, with a total of over 13.2 million subscribers, and FiOS Internet delivered 61,000 net adds, the best quarterly result in two years [10] Market Data and Key Metrics Changes - More than 18% of the consumer postpaid phone base took a converged offering, up over 200 basis points from last year [9] - Fixed wireless access net adds were 261,000 for the quarter, with approximately 5.4 million FWA subscribers [11] - Annualized revenue from fixed wireless access surpassed $3 billion [11] Company Strategy and Development Direction - The company is shifting to a customer-first focus, aiming to redefine its trajectory and enhance customer experience [6][20] - Plans to aggressively transform the culture and financial profile of the company, focusing on customer retention and reducing churn [18][19] - The acquisition of Frontier is expected to create significant cross-sell opportunities and enhance the fiber footprint [24][25] - Emphasis on leveraging AI to improve customer experience and operational efficiency [23][88] Management's Comments on Operating Environment and Future Outlook - Management acknowledges that the company has not captured growth opportunities despite a strong network foundation [5][18] - The focus will be on driving sustainable value for shareholders through disciplined growth and improved customer satisfaction [6][20] - The company is committed to maintaining its dividend and reducing debt while exploring growth opportunities [16][26] Other Important Information - The company raised its dividend for the 19th consecutive year, reflecting a commitment to shareholder returns [15] - Integration planning for the Frontier acquisition is on track, with strong performance reported by Frontier [17] Q&A Session Summary Question: Can you expand on your vision for the company and what you expect to accomplish in the first hundred days? - The vision includes shifting from a technology-centric to a customer-centric approach, focusing on retention and creating the best value proposition [33][34] Question: How do you drive share for Verizon higher without a painful back book repricing exercise? - The strategy involves addressing customer pain points, enhancing the customer experience, and leveraging convergence [41][44] Question: What strategies do you think are best for reducing churn? - The company will focus on understanding churn drivers and proactively addressing customer needs with tailored offers [80][85] Question: How do you view the opportunity for AI within Verizon? - AI is seen as a transformative technology that can enhance customer experience and operational efficiency [87][88] Question: Can you discuss the nature of the cost opportunities and the organic fiber expansion rate? - The company aims to optimize costs while expanding its fiber footprint, with a focus on both organic growth and acquisitions [92][95]

Verizon share are higher pre-market after beating EPS but missing revenue estimates. ...

Core Points - Verizon is providing free calling, texting, and data services for customers in Jamaica, Turks and Caicos, and the Bahamas from October 28 to November 12, 2025, in response to Hurricane Melissa [2][3][6] - The offer includes waiving charges for international calls from the US to these countries for consumer and small business wireless and landline customers [3][4] - Customers do not need to take any action to benefit from this offer, as calls will be rated at $0.00 per minute [4][6] Company Overview - Verizon Communications Inc. is a leading provider of technology and communications services, generating revenues of $136.8 billion in 2023 [5] - The company is headquartered in New York City and operates globally, offering data, video, and voice services on its networks [5]

Core Insights - Verizon is prioritizing customer experience to reduce churn and enhance customer loyalty, aiming to optimize the lifetime value of its customer base [3][6] - The company reported significant improvements in wireless retail postpaid phone net losses, decreasing from 356,000 in Q1 2025 to just 7,000 in Q3 2025 [3] - Friction in customer interactions is identified as a major reason for customer attrition, and the company plans to eliminate these friction points to improve retention [4] Customer Experience Initiatives - The new CEO, Dan Schulman, emphasizes a shift to a customer-first focus to capture growth opportunities and strengthen customer loyalty [6] - Verizon has previously invested in AI technologies to enhance customer experience, including tools like MyPlan and Fast Pass [4] - Schulman indicated that the company is only beginning to explore AI's potential in improving customer satisfaction, with proactive issue detection being a possible application [5] Strategic Direction - The company aims to build the best overall value proposition and customer experience in the industry, moving beyond just network reliability [4][6] - Schulman stated that Verizon will work to simplify offers and eliminate processes that detract from customer experience [6] - The commitment to significantly elevate customer service across multiple dimensions is a key focus for the company moving forward [6]

Core Insights - Verizon Communications reported quarterly earnings of $1.21 per share, exceeding the Zacks Consensus Estimate of $1.19 per share, and showing an increase from $1.19 per share a year ago, resulting in an earnings surprise of +1.68% [1] - The company generated revenues of $33.82 billion for the quarter ended September 2025, which was below the Zacks Consensus Estimate by 1.04%, but an increase from $33.33 billion year-over-year [2] - Verizon has surpassed consensus EPS estimates in all four of the last quarters, while it has topped revenue estimates three times during the same period [2] Earnings Outlook - The future performance of Verizon's stock will largely depend on management's commentary during the earnings call and the revisions of earnings estimates [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.10 on revenues of $36.16 billion, and for the current fiscal year, it is $4.69 on revenues of $138.31 billion [7] Industry Context - The Wireless National industry, to which Verizon belongs, is currently ranked in the bottom 28% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Verizon's stock performance [5]

Financial Performance - Total revenue reached $33.8 billion, showing a 1.5% year-over-year increase[18] - Adjusted EBITDA was $12.8 billion, up 2.3% year-over-year, with an adjusted EBITDA margin of 37.8%[18] - Adjusted EPS increased by 1.7% year-over-year to $1.21[18] - Free cash flow increased from $14.5 billion to $15.8 billion year-over-year[22] Subscriber Growth - Wireless retail postpaid phone gross adds totaled 2.8 million, a 5.4% year-over-year increase[8] - Consumer wireless retail postpaid phone gross adds were 2.0 million, up 8.4% year-over-year[8] - Wireless postpaid upgrades increased by 12.1% year-over-year to 4.2 million[8] - Fios internet net adds reached 61,000[8] Debt and Cash Flow - Total debt decreased from $150.6 billion to $146.8 billion[22] - Unsecured debt decreased from $126.4 billion to $119.7 billion[22] - Cash and cash equivalents increased from $5.0 billion to $7.7 billion[22] - Net unsecured debt to adjusted EBITDA improved from 2.5x to 2.2x[22]

Core Viewpoint - Verizon faces significant challenges with a loss of wireless phone users in Q3, marking the first major test for new CEO Dan Schulman [1][2] Group 1: User Metrics and Competition - Verizon lost 7,000 consumer mobile users in Q3, a stark contrast to a gain of 18,000 users in the same period last year [1] - Competitors AT&T and T-Mobile reported strong user growth, with AT&T adding 405,000 users and T-Mobile adding 1 million users in Q3 [1] - The intense competition among the three major U.S. telecom operators has led to high-cost promotional activities to attract new users [1] Group 2: Strategic Changes and Leadership - Dan Schulman, previously CEO of PayPal, has taken over leadership amid declining user numbers and stock performance [1][2] - Schulman plans to implement bold and financially sound actions to redefine Verizon's growth trajectory, focusing on transforming corporate culture, cost structure, and financial health [2] - Verizon announced a partnership with Eaton Fiber LLC to expand broadband services beyond its Fios network and is pursuing the acquisition of Frontier Communications' fiber network [2] Group 3: Financial Performance - Verizon reported Q3 revenue of $33.8 billion, a 1.5% year-over-year increase, with wireless service revenue of $21 billion meeting analyst expectations [4] - The company added 44,000 postpaid wireless users in Q3, exceeding market expectations of 19,000 users, aided by promotional activities linked to the new iPhone series [4] - Verizon reaffirmed its full-year guidance, expecting adjusted EBITDA growth of 2.5% to 3.5% and free cash flow between $19.5 billion and $20.5 billion [4]

Verizon Communications logged higher third-quarter profit and revenue, and the company said it is still on course to meet its yearly goals. - Justin Sullivan/Getty Images Verizon Communications logged higher profit and revenue in the third quarter, but the company lost lucrative postpaid phone customers in its consumer business. The telecommunications provider on Wednesday said consumer revenue climbed 2.9% during the recent quarter, though the segment notched 7,000 wireless retail postpaid phone net los ...

Core Insights - Verizon's quarterly profits and wireless user additions exceeded Wall Street expectations, driven by promotional activities surrounding the iPhone launch [1] - The company added 44,000 monthly paying wireless users in Q3, surpassing the market expectation of 19,000 [1] - Concerns about Verizon lagging behind competitors like T-Mobile have been alleviated by this performance [1] Financial Performance - Verizon's total revenue for Q3 was $33.8 billion, which fell short of analysts' average expectation of $34.28 billion [3] - Adjusted earnings per share were $1.21, exceeding analysts' forecast of $1.19 [4] - The company reaffirmed its full-year profit and free cash flow expectations, with capital expenditures projected to be at or below the previous guidance range of $17.5 billion to $18.5 billion [3] User Engagement and Services - Over 18% of Verizon's postpaid wireless users have also opted for its broadband services [3] - The customizable plan "myPlan," which offers a three-year price guarantee, has been well-received by users [2]

Core Insights - The CEO of Mercedes indicated that the company is actively seeking alternatives due to disruptions caused by a key microchip supplier caught in the geopolitical tensions between the U.S. and China [1] Company Summary - Mercedes is facing challenges in its supply chain as a critical microchip manufacturer is affected by geopolitical issues, prompting the company to explore other options [1]