Verizon CEO Daniel Schulman announced a shift in strategy to focus more on customers and less on technology. This change led to the company’s highest quarterly net subscriber additions since 2019, with 1 million new subscribers added in the last quarter, including postpaid phone and broadband subscriptions.

The company reported a 2% increase in overall revenue to $36.4 billion, with service revenue up 0.1% and wireless equipment revenue climbing 9.1%. Consumer revenue also rose by 3.2% year over year, but the business unit saw a decrease in revenue due to customer churn.

Verizon’s adjusted EPS slipped by 0.9% to $1.09, while EBITDA fell 0.6% to $11.9 billion. The company projected adding between 750,000 to 1 million postpaid phone subscribers in 2026 and expects revenue and EPS to rise in the coming year.

Verizon no longer wants to lose customers to competitors and saw impressive net additions in Q4. The company also closed the acquisition of Frontier Communications, opening up cross-selling opportunities. The dividend looks secure, and a $25 billion buyback aims to support the stock price.

The Motley Fool Stock Advisor team did not include Verizon in their list of 10 best stocks to buy now. The top 10 stocks recommended by the team have historically produced significant returns for investors. Stock Advisor has an average return of 942%, outperforming the S&P 500.

Verizon’s stock price jumped after strong subscriber growth and the buyback announcement. The company plans to maintain its dividend, utilize its free cash flow, and keep its debt leverage in check. With a forward P/E ratio of 9.2 times and a 6.5% forward yield, Verizon remains an attractive dividend stock option.

Read more at Yahoo Finance: Verizon Shares Jump on Strong Subscriber Growth and Buyback. Is It Too Late to Buy the Stock?