image credit: Adobe Stock

Verizon ends its slump with strong customer numbers, service revenue growth

January 24, 2023


Verizon reported fourth quarter numbers with improved customers numbers and strong growth in service revenue, and company executives said that the company has entered the new year with strong momentum in both wireless and Fixed Wireless Access for home broadband.

However, investors seemed put off by lower guidance and a broader range on earnings per share, and sent the stock down modestly on Tuesday.

Verizon said that it added postpaid phone net additions of 217,000, with retail postpaid net adds of 1.4 million—its “best single quarter performance in seven years,” the company noted.

Read More on RCR Wireless News