Fixed wireless revenue was $514M in Q2 2024, a significant jump from the previous year.
Fixed wireless subscriber base increased by almost 69% to over 3.8M subscribers.
Retail postpaid phone net additions were 148,000 and retail postpaid net additions totaled 340,000.
Total broadband subscribers reached 11.5M, a 17.2% year-over-year increase.
Verizon reported $19.8B wireless revenue in Q2 2024, a 3.5% year-over-year increase.
In the second quarter of 2024, Verizon delivered strong wireless service revenue and significant broadband subscriber growth, despite a slight dip in its stock. Total wireless service revenue reached $19.8 billion, marking a 3.5% increase year over year. Retail postpaid phone net additions amounted to 148,000 and retail postpaid net additions totaled 340,000 during the same period.
The company also experienced an almost 69% increase in its fixed wireless subscriber base, ending with over 3.8 million subscribers. Total broadband subscribers reached 11.5 million, a 17.2% year-over-year increase.
Fixed wireless revenue for the second quarter of 2024 was $514 million, a significant jump from the previous year's figure.
Total broadband net additions reached 391,000, marking the eighth consecutive quarter with more than 375,000 broadband net additions. However, Verizon's stock fell despite these positive results due to a revenue miss of $32.8 billion against an expected $33.07 billion.
