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Verizon Boosts Profit Forecast Amid Strong Demand, Competition

7/21/2025

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Summary

Story summary

Verizon increased its annual profit forecast due to strong demand for premium plans and favorable tax reforms, estimating free cash flow at $19.5-$20.5 billion.
The company reported Q2 earnings of $1.22 per share and revenue of $34.5 billion, exceeding Wall Street expectations.
While losing 9,000 postpaid subscribers, Verizon gained 293,000 broadband customers and plans to acquire Frontier Communications for $20 billion.
Intense competition with AT&T and T-Mobile drives Verizon to strengthen customer retention strategies.

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Story summary

Verizon increased its annual profit forecast due to strong demand for premium plans and favorable tax reforms, estimating free cash flow at $19.5-$20.5 billion.
The company reported Q2 earnings of $1.22 per share and revenue of $34.5 billion, exceeding Wall Street expectations.
While losing 9,000 postpaid subscribers, Verizon gained 293,000 broadband customers and plans to acquire Frontier Communications for $20 billion.
Intense competition with AT&T and T-Mobile drives Verizon to strengthen customer retention strategies.