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Jun 30, 2024
Verizon Q2 2024 Earnings Report
Verizon reported strong wireless service revenue and broadband subscriber growth in Q2 2024.
Key Takeaways
Verizon's Q2 2024 results showed strong wireless service revenue growth and broadband subscriber gains. The company is on track to meet its full-year 2024 financial guidance, with total operating revenue up 0.6% year over year and earnings per share at $1.09.
Total wireless service revenue increased by 3.5% year over year to $19.8 billion.
Total broadband net additions reached 391,000, marking the eighth consecutive quarter with over 375,000 additions.
Consolidated net income was $4.7 billion, and adjusted EBITDA was $12.3 billion.
Consumer wireless retail postpaid net losses were 8,000, an improvement compared to losses of 136,000 in Q2 2023.
Revenue by Segment
Forward Guidance
Verizon is on track to meet its financial guidance for 2024.
Positive Outlook
- Total wireless service revenue growth of 2.0% to 3.5%.
- Adjusted EBITDA growth of 1.0% to 3.0%.
- Adjusted EPS of $4.50 to $4.70.
- Capital expenditures between $17.0 billion and $17.5 billion.
- Adjusted effective income tax rate in the range of 22.5% to 24.0%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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