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 ...

Group 1 - Visa shares experienced modest gains following fourth quarter results that exceeded expectations on both revenue and earnings [2] - The company reported strong consumer spending across both luxury and necessity items, indicating resilience in the market [2] - Upcoming earnings reports from Boeing and Verizon are anticipated, alongside major tech companies [2] Group 2 - Investors are particularly focused on Boeing for updates regarding jet deliveries and potential reductions in cash flow burn [3] - Boeing CEO Kelly Orper is scheduled for an exclusive interview on Squawk on the Street, which may provide further insights into the company's performance [3]

Verizon Communications logged higher third-quarter profit and revenue, and the company said it is still on course to meet its yearly goals. ...

Core Insights - Verizon Communications Inc. reported third-quarter 2025 results, indicating a positive trajectory towards achieving full-year financial guidance [1][9] - CEO Dan Schulman emphasized a shift to a customer-first culture and aggressive transformation of the company's operations and financial profile [2] Financial Performance - Earnings per share (EPS) for Q3 2025 was $1.17, up from $0.78 in Q3 2024; adjusted EPS was $1.21 compared to $1.19 in Q3 2024 [7][24] - Total operating revenue reached $33.8 billion, reflecting a year-over-year increase of 1.5% [7] - Consolidated net income for Q3 2025 was $5.1 billion, compared to $3.4 billion in Q3 2024 [7] - Cash flow from operating activities for the first nine months of 2025 was $28.0 billion, up from $26.5 billion in the same period of 2024 [7] - Free cash flow for the first nine months of 2025 was $15.8 billion, an increase from $14.5 billion in 2024 [7] Revenue Segments - Wireless service revenue grew to $21.0 billion in Q3 2025, marking a 2.1% increase year-over-year [7] - Verizon Consumer revenue totaled $26.1 billion in Q3 2025, up 2.9% year-over-year [7] - Total Verizon Business revenue was $7.1 billion in Q3 2025, a decrease of 2.8% year-over-year [11] Subscriber Metrics - Consumer wireless retail postpaid churn was 1.12% in Q3 2025, while wireless retail postpaid phone churn was 0.91% [11] - Verizon delivered 306,000 broadband net additions in Q3 2025, with total broadband connections exceeding 13.2 million, representing an 11.1% increase year-over-year [7][11] - Business reported 110,000 wireless retail postpaid net additions in Q3 2025, including 51,000 postpaid phone net additions [11] Debt and Financial Ratios - Total unsecured debt at the end of Q3 2025 was $119.7 billion, down from $126.4 billion at the end of Q3 2024 [7] - The ratio of unsecured debt to consolidated net income (LTM) was 5.9 times, and net unsecured debt to consolidated adjusted EBITDA ratio was 2.2 times [7][22] Outlook and Guidance - Verizon remains confident in its full-year guidance, expecting capital expenditures to be within or below the previously guided range of $17.5 billion to $18.5 billion [9][12] - The company anticipates total wireless service revenue growth of 2.0% to 2.8% and adjusted EBITDA growth of 2.5% to 3.5% for the full year [12]

Company Overview - AT&T Inc. has a market capitalization of $182.5 billion and is a prominent telecommunications and technology services provider, offering wireless, broadband, and entertainment services globally [1] Stock Performance - Over the past 52 weeks, AT&T shares have increased by 16.2%, underperforming the S&P 500 Index, which returned 18.3% during the same period [2] - Year-to-date, AT&T shares are up 12.9%, while the S&P 500 has risen by 17.2% [2] - Compared to the Communication Services Select Sector SPDR ETF Fund, which surged 27.5% over the past 52 weeks, AT&T has lagged behind [3] Recent Financial Results - For Q3 2025, AT&T reported revenue of $30.7 billion and adjusted EPS of $0.54, both below consensus estimates [4] - The revenue shortfall was attributed to lower-than-expected equipment sales in the mobility segment, despite a 6.1% increase in equipment revenue to $4.79 billion [4] - Operating costs rose by 3.8% due to increased marketing and promotion expenses, raising concerns about margin pressure ahead of the high-cost Q4 upgrade cycle [4] Earnings Outlook - Analysts project an 8.9% year-over-year decline in AT&T's adjusted EPS for the current fiscal year, expected to be $2.06 [5] - The company's earnings surprise history is mixed, with two beats and two misses in the last four quarters [5] Analyst Ratings - Among 30 analysts covering AT&T, the consensus rating is a "Moderate Buy," consisting of 15 "Strong Buy" ratings, three "Moderate Buys," 11 "Holds," and one "Strong Sell" [5] - This rating configuration is less bullish than three months ago when there were 17 "Strong Buys" [6] Price Target - Goldman Sachs raised AT&T's price target to $33 with a "Buy" rating [6] - The mean price target of $30.46 indicates an 18.5% premium to AT&T's current price, while the highest price target of $34 suggests a potential upside of 32.3% [6]

Core Insights - Bridge Alliance has welcomed du as its first member operator in the UAE, enhancing collaboration on IoT business and knowledge sharing [1][4] - The partnership aims to leverage du's 5G-Advanced capabilities and Bridge Alliance's IoT expertise to drive innovation and expand market presence [2][5] Group 1: Membership Benefits - Key benefits of du's membership include global reach, IoT synergies for collaborative innovation, and enhanced market presence for both organizations [3] - The collaboration will provide opportunities to co-create solutions with global technology leaders and offer platform-based connectivity across various business verticals [3] Group 2: Strategic Impact - Bridge Alliance's extensive footprint in Asia Pacific will strengthen du's IoT offerings, while du's membership will unlock new IoT opportunities for Bridge Alliance in the UAE [4] - This addition significantly expands Bridge Alliance's presence in the Middle East, complementing existing partnerships in Bahrain, Kuwait, and Saudi Arabia [4] Group 3: Leadership Perspectives - du's Chief Commercial Officer highlighted that joining Bridge Alliance is a milestone for global expansion and innovation, enabling enhanced IoT solutions through collaboration with over 35 telecom operators [5] - The CEO of Bridge Alliance expressed excitement about du's innovative approach and strong market presence, emphasizing the potential for accelerated IoT innovation [5]

Core Insights - Telenor reported a solid third-quarter performance with service revenues growing by 2.7% year-over-year, adjusted EBITDA increasing by 5.4%, and free cash flow before M&A rising by 50% year-on-year, leading to a tightened outlook for 2025 [1][2]. Financial Performance - Adjusted EBITDA for the year to date reached NOK 27.5 billion, while free cash flow before M&A was NOK 8.8 billion [2]. - In Q3, service revenues amounted to NOK 16.3 billion, adjusted EBITDA was NOK 9.5 billion, and free cash flow before M&A was NOK 4.2 billion [11]. Regional Performance - The Nordic business showed robust results with 2.1% organic growth in service revenues and an 8.0% increase in adjusted EBITDA, driven by solid service revenue gains and effective cost reductions [3]. - In Asia, adjusted EBITDA rose by 4.1%, with Grameenphone returning to top-line growth despite challenging market conditions, and Telenor Pakistan experiencing a 17% increase in EBITDA due to strong service revenue growth [4]. Strategic Developments - Telenor and Vodafone formed a global strategic procurement partnership to enhance supply chain resilience, leveraging a combined annual spend of over EUR 26 billion [8]. - The acquisition of GlobalConnect's consumer business for NOK 6.0 billion will increase Telenor's market share from 22% to 29%, adding approximately 140,000 fibre customers [9]. Outlook for 2025 - The company expects 2-3% organic growth in Nordic service revenues and 8-9% organic growth in adjusted EBITDA for the Nordics, with free cash flow before M&A projected at around NOK 13 billion [12][13].

With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:Wall Street expects Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) to report quarterly earnings at $2.32 per share on revenue of $99.64 billion after the closing bell, according to data from Benzinga Pro. Alphabet shares rose 0.1% to $267.84 in after-hours trading.Visa, Inc. (NYSE:V) posted better-than-expected fourth-quarter earnings after Tuesday’s closing bell. Visa reported q ...

Core Insights - AT&T is experiencing a concerning shift in customer behavior amid increasing competition and pricing controversies [1] Customer Behavior and Churn - In Q3 2025, AT&T gained 405,000 new postpaid phone customers, but postpaid phone churn increased by 14 basis points year-over-year, reaching 0.92% [2][4] - The rise in churn is attributed to seasonal patterns and an increase in customers reaching the end of device financing periods [4] Pricing and Customer Reactions - The loss of customers follows a reduction in monthly discounts for autopay and paperless billing, which sparked customer outrage [3] - AT&T has faced backlash for allegedly imposing higher-than-expected monthly bills after attracting customers from competitors with attractive discounts [3] Competitive Landscape - AT&T's CEO noted that competitors like T-Mobile and Verizon are employing aggressive tactics to attract customers, indicating a highly competitive market [5] - T-Mobile is offering free phone lines and deals through its app, while Verizon is using AI to provide customized offers based on competitor bills [6]