Verizon Q2 revenue $32.8B (+0.6%); wireless service revenue +3.5%; reaffirms 2024 guidance

VERIZON COMMUNICATIONS INC

2024-Q2 EPS reported $2.18 revenue$65,777,000,000

Wireless service revenue of $19.8B, up 3.5% YoY; 148k retail postpaid phone net adds.
Total broadband net adds 391k, including 378k fixed wireless; FWA subscriber base 3.8M.
Net income $4.7B vs $4.8B YoY; adj. EPS $1.15 vs $1.21; H1 free cash flow $8.5B.
Consumer revenue $24.9B (+1.5%); Business revenue $7.3B (-2.4%); fixed wireless net adds 218k.
FY2024 guidance reaffirmed: adj. EPS $4.50-4.70, wireless service revenue growth 2.0-3.5%.

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