Core Insights - Verizon Communications Inc. reported strong financial performance and customer growth in Q2 2025, driven by its diversified wireless and broadband portfolio and innovative customer service initiatives [2][3][4] Financial Performance - Consolidated total operating revenue reached $34.5 billion in Q2 2025, marking a 5.2% increase year-over-year [7] - Consolidated net income for Q2 2025 was $5.1 billion, up from $4.7 billion in Q2 2024 [7] - Adjusted EBITDA for Q2 2025 was $12.8 billion, compared to $12.3 billion in Q2 2024, reflecting a solid growth trajectory [7] - Earnings per share (EPS) increased to $1.18 in Q2 2025 from $1.09 in Q2 2024, with adjusted EPS of $1.22 compared to $1.15 in the prior year [7][29] Customer Growth and Market Position - Verizon added over 300,000 net new customers across mobility and broadband in Q2 2025, continuing to expand its industry-leading customer base [6] - The company achieved wireless service revenue of $20.9 billion in Q2 2025, a 2.2% increase year-over-year [7] - Consumer revenue rose by 6.9% year-over-year to $26.6 billion in Q2 2025 [8] Broadband and Wireless Services - Verizon delivered 293,000 broadband net additions in Q2 2025, with total broadband connections exceeding 12.9 million, a 12.2% increase year-over-year [11] - Fixed wireless access subscribers grew to over 5.1 million, with a target of reaching 8 to 9 million by 2028 [11] - Consumer wireless service revenue was $17.4 billion in Q2 2025, up 2.3% year-over-year [11] Business Segment Performance - Verizon Business revenue totaled $7.3 billion in Q2 2025, a slight decrease of 0.3% year-over-year, but operating income increased by 27.6% [9][34] - Business wireless service revenue grew by 1.6% year-over-year to $3.6 billion [11] Future Outlook - The company raised its full-year guidance for adjusted EBITDA, adjusted EPS, and free cash flow, reflecting confidence in operational execution and favorable tax reform [3][10] - Free cash flow for the first half of 2025 was $8.8 billion, up from $8.5 billion in the same period of 2024 [7][30]

Core Viewpoint - AT&T's proposed $177 million settlement for a class action lawsuit related to data breaches has received preliminary approval from a judge, addressing the exposure of personal information of tens of millions of customers [2][3]. Group 1: Settlement Details - The settlement will compensate affected customers with payments of either $2,500 or $5,000, depending on the incident, and remaining funds will be distributed to other customers whose personal information was accessed [3]. - AT&T denies responsibility for the criminal acts leading to the data breaches but agreed to the settlement to avoid the costs and uncertainties of prolonged litigation [3]. Group 2: Data Breach Context - The data breaches occurred in May 2024 and July 2024, exposing personal information of tens of millions of customers [2]. - The stolen records included telephone numbers that interacted with AT&T's wireless network but did not contain the content of calls or texts or personally identifiable information [4]. Group 3: Cybersecurity Incident Background - The data theft is believed to have originated from a prior breach involving Snowflake, a cloud storage and data warehousing vendor [5]. - In September 2024, AT&T settled with the Federal Communications Commission (FCC) for $13 million related to a January 2023 hack that compromised customer information from a vendor's cloud environment [6].