Verizon wireless subscriber growth hits 5-yr high, profit view disappoints

Quick Summary:

:Verizon Communications on Friday reported its best quarterly wireless subscriber growth in five years, fueled by robust demand for its customizable myPlan, Black Friday deals and trade-in offers for the AI-powered iPhone 16 series.

The midpoint was below estimates of $18.44 billion, according to Visible Alpha.

Free cash flow, a metric that helps investors determine dividend, is expected to be between $17.5 billion and $18.5 billion this year.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSpain

Topics: Company Friday Growth Billion Cent Subscribers Myplan Verizon Mobile Wireless Estimates

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-24 @ 20:08:16 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 458 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 25405306

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 13 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 49 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #27

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