Verizon warns Q1 postpaid phone net adds pressured by churn; gross adds flat to down

VERIZON COMMUNICATIONS INC

Consumer postpaid phone churn expected to rise 3-5 bps YoY in Q1 2025 due to pricing actions.
Postpaid phone gross additions predicted flat to slightly down YoY in Q1 2025.
Verizon reaffirms full-year 2025 guidance; expects higher consumer postpaid net adds in 2025 vs 2024 excluding second number offering.

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