Verizon Q2 Earnings Beat Expectations, Raises Guidance and Reports Higher Profit Projections.

Verizon Communications reported Q2 revenue growth of 5.2% YoY, reaching $34.5 billion, and adjusted EPS of $1.22, beating analyst estimates. The company added 148,000 postpaid phone connections and boosted retention through a three-year price lock and AI-powered tools. Verizon raised its FY25 outlook, expecting 2.0%-2.8% growth in wireless service revenue and $19.5 billion-$20.5 billion in free cash flow.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) reported strong financial performance for the second quarter of 2025, with revenue growth and an upward revision of its full-year outlook. The company's operating revenue reached $34.5 billion, up 5.2% year-over-year, surpassing analysts' estimates of $33.7 billion [1]. Wireless service revenue, which excludes device purchases and upgrades, stood at $20.9 billion, in line with analysts' projections.

Verizon's second-quarter results were bolstered by wireless price increases and recent tax legislation. The company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) and free cash flow were also raised due to favorable tax reform. Verizon's Chairman and CEO, Hans Vestberg, stated that the company's high-quality, industry-leading customer base, multiple growth paths, and disciplined approach contributed to the strong performance [2].

The company added 148,000 postpaid phone connections and boosted retention through a three-year price lock and AI-powered tools. Verizon's total wireless service revenue is expected to grow by 2.0% to 2.8% for the full year, with free cash flow forecasted to be between $19.5 billion and $20.5 billion [2].

Verizon also reported significant customer growth, adding over 300,000 net additions across mobility and broadband. The company's broadband market share continued to expand, with 293,000 broadband net additions and 278,000 fixed wireless access net additions in the second quarter [2].

The company's diversified wireless and broadband portfolio, tailored to all market segments, and its diverse revenue streams continue to drive financial success. Verizon will continue to focus on growing wireless service revenue, expanding adjusted EBITDA, and generating strong free cash flow as it heads into the second half of the year with momentum.

References:

[1] https://news.bloomberglaw.com/daily-tax-report/verizon-beats-on-revenue-ups-profit-outlook-on-tax-reform-1
[2] https://www.verizon.com/about/news/verizon-raises-financial-guidance-adjusted-ebitda-adjusted-eps-and-free-cash-flow