Verizon's 2Q Results: Robust Wireless Revenue and Cash Flow Growth
Verizon reported its second-quarter results, highlighting strong wireless service revenue growth and increased cash flow from operations. The company reported a decrease in total operating revenue compared to the same period last year but saw growth in wireless service revenue. Verizon added 418,000 broadband subscribers, including 384,000 fixed wireless net additions, and 54,000 Fios Internet net additions. In the wireless segment, Verizon reported postpaid phone net additions of 8,000 and retail postpaid net additions of 612,000. The company remains optimistic about its network leadership and achieving its financial targets for the full year.