Verizon delivered solid Q2 2024 results with total wireless service revenue reaching $19.8B, up 3.5% YoY, driven by Consumer segment growth. The company added 148,000 retail postpaid phone and 391,000 total broadband net additions, marking the eighth consecutive quarter with over 375,000 broadband gains.Operational highlights include total operating revenue of $32.8B, up 0.6% YoY, and consolidated adjusted EBITDA of $12.3B, increasing from $12.0B in Q2 2023. Fixed wireless access continued strong momentum with 378,000 net additions, bringing the total subscriber base to over 3.8M, up 69% YoY. Fixed wireless revenue grew to $514M, increasing more than $200M YoY.The company maintained its 2024 financial guidance, projecting wireless service revenue growth of 2.0-3.5%, adjusted EBITDA growth of 1.0-3.0%, and adjusted EPS of $4.50-4.70. Capital expenditures are expected between $17.0B-17.5B.

Verizon delivered solid Q2 2024 results with total wireless service revenue reaching $19.8B, up 3.5% YoY, driven by Consumer segment growth. The company added 148,000 retail postpaid phone and 391,000 total broadband net additions, marking the eighth consecutive quarter with over 375,000 broadband gains.Operational highlights include total operating revenue of $32.8B, up 0.6% YoY, and consolidated adjusted EBITDA of $12.3B, increasing from $12.0B in Q2 2023. Fixed wireless access continued strong momentum with 378,000 net additions, bringing the total subscriber base to over 3.8M, up 69% YoY. Fixed wireless revenue grew to $514M, increasing more than $200M YoY.The company maintained its 2024 financial guidance, projecting wireless service revenue growth of 2.0-3.5%, adjusted EBITDA growth of 1.0-3.0%, and adjusted EPS of $4.50-4.70. Capital expenditures are expected between $17.0B-17.5B.