The good news for verizon is it’s still no. Verizon lost 178,000 wireless phone subscribers in the first quarter, more than 121,700 subscriber loss estimated by factset.
Shares dropped on monday after the company reported continued customer losses and lagging revenue. With rates expected to decline and as tight consumer spending eases, i think 2024 is shaping up to be a great year for the company.
Verizon Just Reported Its Earnings For The 1St Quarter Of 2024.
In the weeks after verizon launched an unlimited plan, it stopped losing customers and actually gained 109,000 subscribers, bringing the net loss of customers.
Verizon Lost 178,000 Wireless Phone Subscribers In The First Quarter, More Than 121,700 Subscriber Loss Estimated By Factset.
Verizon was able to provide value to customers without a significant promotion leading to the management team forecasting a reversal in customer loss.
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Verizon Added 354,000 Fixed Wireless Access (Fwa) Customers In Q1 2024, Ending The Period With 3.42 Million.
The company logged a net loss of 189,000 consumer wireless retail postpaid phone subscribers during the third quarter, following losses of 507,000 such subscribers in the.
Adjusted Ebitda Growth 1 Of 1.0 Percent To 3.0 Percent.