The earnings call reflected a strong financial performance with significant growth in key areas such as wireless service revenue, adjusted EBITDA, and free cash flow. Despite some challenges with elevated churn and public sector pressures, the company demonstrated effective execution and raised its full-year guidance. The strategic focus on AI-powered customer experiences and broadband expansion, along with disciplined financial management, supports a positive outlook.

Company Guidance -

Q3 2025

In the second quarter of 2025, Verizon Communications Inc. announced strong financial performance and strategic progress, leading to an upward revision of its full-year guidance. The company reported a market-leading wireless service revenue of $20.9 billion, a 2.2% increase year-over-year, and adjusted EBITDA of $12.8 billion, representing a 4.1% growth from the previous year. Free cash flow for the quarter was $5.2 billion, contributing to a year-to-date total of $8.8 billion, up by over $300 million compared to the first half of 2024. Verizon surpassed five million subscribers in its fixed wireless base, with an ambitious goal of reaching eight to nine million by 2028. The company also noted a significant uptick in broadband net additions, reaching 293,000 for the quarter. Furthermore, Verizon is advancing its C-band deployment ahead of schedule and tracking ahead in its fiber build. Buoyed by these results and the positive impact of tax reforms, Verizon raised its full-year guidance for adjusted EBITDA growth to 2.5%-3.5% and adjusted EPS growth to 1%-3%, while increasing its free cash flow guidance to a range of $19.5 billion to $20.5 billion.

Wireless Service Revenue Growth

Verizon reported a market-leading wireless service revenue of $20.9 billion, up 2.2% from the previous year.

Record Adjusted EBITDA

The company delivered adjusted EBITDA of $12.8 billion, marking a 4.1% increase year over year, setting a record for the best-reported quarter.

Free Cash Flow Increase

Free cash flow for the quarter was $5.2 billion, contributing to a year-to-date free cash flow of $8.8 billion, an increase of over $300 million compared to the first half of 2024.

Fixed Wireless Access Milestone

Verizon's fixed wireless base surpassed five million subscribers, demonstrating strong growth in their broadband strategy.

Raised Full-Year Guidance

The company raised its full-year guidance for adjusted EBITDA and adjusted EPS, driven by strong financial performance and tax reform benefits.

Launch of AI-Powered Customer Experience Initiatives

New customer experience initiatives leveraging AI were launched to improve retention and reduce churn.

Strong Sales Execution

Consumer postpaid phone net losses improved from 109,000 in the prior year period to 51,000 in the second quarter.

Verizon (VZ) Earnings, Revenues Date & History

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VZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 21, 2025	2025 (Q3)	1.20 / -	1.19	―	―	―
Jul 21, 2025	2025 (Q2)	1.19 / 1.22	1.15	6.09% (+0.07)
Apr 22, 2025	2025 (Q1)	1.15 / 1.19	1.15	3.48% (+0.04)	―
Jan 24, 2025	2024 (Q4)	1.09 / 1.10	1.08	1.85% (+0.02)	―
Oct 22, 2024	2024 (Q3)	1.18 / 1.19	1.22	-2.46% (-0.03)	―
Jul 22, 2024	2024 (Q2)	1.15 / 1.15	1.21	-4.96% (-0.06)
Apr 22, 2024	2024 (Q1)	1.12 / 1.15	1.2	-4.17% (-0.05)
Jan 23, 2024	2023 (Q4)	1.08 / 1.08	1.19	-9.24% (-0.11)
Oct 24, 2023	2023 (Q3)	1.18 / 1.22	1.32	-7.58% (-0.10)
Jul 25, 2023	2023 (Q2)	1.17 / 1.21	1.31	-7.63% (-0.10)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

VZ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 21, 2025	$40.84	$42.49	+4.04%
Apr 22, 2025	$42.25	$42.50	+0.59%
Jan 24, 2025	$37.95	$38.30	+0.92%
Oct 22, 2024	$41.59	$39.50	-5.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.