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News in English (USA) / 23.04.2025 / 08:00

Verizon Faces Subscriber Losses Despite Strong Financial Performance in Recent Quarter

Verizon has reported a mixed financial performance for the most recent quarter, delivering strong revenue growth with a total of $33 billion. However, the company faced challenges with customer retention, losing nearly 300,000 postpaid phone subscribers, which exceeded forecasts. This decline is attributed to recent price hikes and fierce competition in the market. Despite the disappointing subscriber metrics, analysts remain optimistic due to the solid financial results, and Verizon has reaffirmed its full-year guidance. The stock experienced volatility, sinking initially due to subscriber losses but later stabilizing as the overarching revenue growth was acknowledged.
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