Verizon Q2 EPS $1.10 ($1.21 adj) on revenue $32.6B; wireless service revenue up 3.8%

VERIZON COMMUNICATIONS INC

2023-Q2 EPS reported $2.27 revenue$65,508,000,000

GAAP EPS of $1.10, down 11.3% YoY; adjusted EPS $1.21, down 7.6%.
Total operating revenue $32.6B, down 3.5% YoY; wireless service revenue $19.1B, up 3.8%.
Broadband net adds of 418k (384k fixed wireless); fixed wireless subs ~2.3M.
First-half free cash flow $8.0B vs $7.2B prior year; capex guidance $18.25-$19.25B reaffirmed.
2023 guidance: adj EBITDA $47.0-$48.5B, adj EPS $4.55-$4.85; special items include $237M severance.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VERIZON COMMUNICATIONS INC reported financial results for second quarter of 2023.

Period: second quarter of 2023
Result: reported results

Exact text from the filing

Attached as Exhibit 99.1 hereto are a press release and financial tables, dated July 25, 2023, issued by Verizon Communications Inc. (Verizon). Attached as Exhibit 99.2 hereto is commentary, dated July 25, 2023, discussing Verizon's financial and operating results for the second quarter of 2023.

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Source: SEC EDGAR

accession 0000732712-23-000051

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