Q2 2025 Verizon Communications Inc. Earnings Call Transcript
Key Points
- Verizon Communications Inc (VZ) reported a market-leading wireless service revenue of $20.9 billion, up 2.2% from last year.
- The company achieved an adjusted EBITDA of $12.8 billion, marking a 4.1% year-over-year increase and setting a record for the best reported quarter.
- Free cash flow for the quarter was $5.2 billion, contributing to a year-to-date total of $8.8 billion, an increase of over $300 million compared to the first half of 2024.
- Verizon's C-band deployment is ahead of schedule, and the fixed wireless base has surpassed 5 million subscribers.
- The company raised its full-year guidance for adjusted EBITDA, adjusted EPS, and free cash flow, driven by strong cash flow from operations and positive impacts from tax reform.
- Postpaid phone churn remained elevated this quarter, reflecting the lingering effects of pricing actions and ongoing pressure from federal government accounts.
- The wireless market remains competitive, impacting Verizon's strategic and segmented approach.
- Consumer postpaid phone net losses totaled 51,000 for the second quarter, although this was an improvement from the prior year period.
- Verizon Business delivered 42,000 phone net adds in the second quarter, a decline from 135,000 net adds in the prior year period, largely due to public sector challenges.
- The company continues to face elevated competitor promotional activity, affecting consumer postpaid phone churn.
Good morning and welcome to Verizon's second-quarter 2025 earnings conference call. (Operator Instructions) Today's conference is being recorded. (Operator Instructions)
I would now like to turn the call over to Mr. Brady Connor, Senior Vice President, Investor Relations.
Thanks, Brad. Good morning and welcome to our second quarter 2025 earnings call. I'm Brady Conner, and on the call with me this morning are Hans Vestberg, our Chairman and Chief Executive Officer; and Tony Skiadas, our Chief Financial Officer.
Before we begin, I'd like to draw your attention to our Safe Harbor Statement which can be found at the start of the investor presentation posted on our Investor Relations website. Information in this presentation contains statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties.
Discussions of factors that may affect future results is contained in Verizon's filings with the
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