Verizon Communications (NYSE: VZ) stock rose after reporting Q2 results. Revenue grew 5.2% Y/Y to $34.50 billion, beating estimates. Adjusted EPS of $1.22 exceeded expectations. The company focused on retention and acquisition strategies, including a three-year price lock and AI tools for customer support. Verizon reported a net loss of 9,000 postpaid phone connections.

Total wireless service revenue reached $20.9 billion, up 2.2% Y/Y. Verizon Business retail postpaid net additions were 65,000. The company added 293,000 broadband net additions, ending the quarter with over 12.9 million broadband subscribers. Verizon had over 5.1 million fixed wireless subscribers.

Verizon’s net income increased to $5.1 billion from $4.7 billion Y/Y. Verizon reiterated its growth outlook for wireless service revenue and adjusted EPS. The company expects $19.5 billion-$20.5 billion in 2025 free cash flow. Verizon is well-positioned to reach 8 to 9 million fixed wireless access subscribers. VZ stock rose by 4.06% to $42.50 premarket.

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