Verizon Announces First Quarter 2024 Earnings

Verizon reported first-quarter 2024 results with strong wireless service revenue, solid cash flow, adjusted EBITDA expansion and fixed wireless subscriber base growth. Highlights included: 

• Total broadband net additions of 389,000, including 53,000 Fios Internet net additions. 
• Verizon Business reported 151,000 fixed wireless net additions in first-quarter 2024, their best quarterly result to date. 
• 11.1 million total broadband subscribers as of the end of first-quarter 2024, including 3.4 million subscribers on fixed wireless. Verizon added more than 3 million broadband subscribers in the last two years. 
• Fixed wireless revenue for the first-quarter 2024 was $452 million, up $197 million compared to the prior year period.