Verizon saw lower profits, flat revenues and just 12,000 postpaid phone net additions during the second quarter, and it has cut its full-year expectations on growth in wireless service revenue and overall company revenues.
In Q2, Verizon’s consumer segment posted a net loss of 215,000 wireless retail postpaid phone net losses, with its overall net add number saved by 227,000 postpaid phone net additions from its business segment. (The carrier also saw a similarly rough first quarter, posting phone net losses on weak gross adds, which continues to be a problem in a very competitive market were price is becoming more and more important to consumers as they are impacted by inflation.)
