Verizon adds 434,000 broadband subscribers

Verizon Communications reported third-quarter results and raised its free cash flow guidance for 2023. The company's performance was highlighted by continued wireless service revenue growth, total broadband net additions, and improving profitability. Total broadband net additions of 434,000, representing the fourth consecutive quarter that Verizon reported more than 400,000 broadband net additions. Total broadband net additions included 384,000 fixed wireless net additions, an increase of 42,000 fixed wireless net additions from third-quarter 2022. Verizon now has approximately 10.3 million total broadband subscribers, including nearly 2.7 million subscribers on its fixed wireless service. Verizon reported  72,000 Fios Internet net additions, an increase from 61,000 Fios Internet net additions in third-quarter 2022.