Strong Financial Performance: Verizon reported second-quarter 2025 consolidated revenue of $34.5 billion, up 5.2% year-over-year, largely driven by wireless service revenue of $20.9 billion (up 2.2% YOY). Adjusted EBITDA reached $12.8 billion, a record high, rising 4.1% from the previous year. This robust performance has led the company to raise its full-year guidance for adjusted EBITDA growth to 2.5%-3.5%.

Free Cash Flow and Capital Allocation: Free cash flow for Q2 was notably high at $5.2 billion, with year-to-date free cash flow reaching $8.8 billion¡ªan increase of over $300 million compared to the same time last year. The company is maintaining its focus on disciplined capital allocation to enhance its mobile and broadband networks, support dividends, reduce debt, and considers initiating buybacks once leverage targets are met.

Churn and Customer Retention Challenges: Postpaid churn remained elevated at 0.90%, driven by pricing actions and competitive pressures, particularly in federal government accounts. Despite this, Verizon launched new initiatives to enhance customer retention, including AI-powered customer support and improved value propositions like the Best Value Guarantee.