Verizon delivers strong wireless service revenue and broadband subscriber growth in Q2

Verizon reported second-quarter 2024 results today with strong wireless service revenue, broadband subscriber growth, and continued momentum in its three financial priorities of wireless service revenue, consolidated adjusted EBITDA and free cash flow. The company remains on track to achieve its full-year 2024 financial guidance. Highlights from quarter two include:

• Total broadband net additions of 391,000. This was the eighth consecutive quarter with more than 375,000 broadband net additions.
• Total fixed wireless net additions of 378,000. At the end of second-quarter 2024, the company had a base of more than 3.8 million fixed wireless subscribers, representing an increase of nearly 69 percent year over year.
• 11.5 million total broadband subscribers as of the end of second-quarter 2024, representing a 17.2 percent increase year over year.