Verizon Communications Inc Q2 2023 Earnings Call Summary - Thomson StreetEvents

Verizon Communications Inc Q2 2023 Earnings Call Summary

Verizon Communications Inc Q2 2023 Earnings Call Summary - Thomson StreetEvents
Verizon Communications Inc Q2 2023 Earnings Call Summary
Published Jul 25, 2023
18 pages (9839 words) — Published Jul 25, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of VZ.N earnings conference call or presentation 25-Jul-23 12:30pm GMT

  
Brief Excerpt:

...A. Wireless service revenue was up 3.8% year-over-year and adjusted EBITDA was $12 billion for the quarter. B. Cash flow from operations was very strong in the quarter at $9.7 billion, and free cash flow was $5.6 billion. C. Based on our results this quarter and what we see ahead, I'm confident that we will deliver on our 2023 financial guidance. D. This quarter, we saw a year-over-year growth in postpaid phone gross adds, significantly lower promo upgrade levels and a sequential improvement in postpaid churn, all according to our strategy. E. We will also continue to invest in prepaid, to improve performance and expect sequential improvements in the second half of the year. F. As we reported in previous quarters, customer payments remain healthy, which shows both the financial strength of our customer base and the high value they place on our services. G. Verizon Business Group had yet another strong quarter driven by continued solid phone and fixed wireless access performance even as...

  
Report Type:

Brief

Source:
Company:
Verizon Communications Inc
Ticker
VZ.N
Time
12:30pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "Verizon Communications Inc Q2 2023 Earnings Call Summary" Jul 25, 2023. Alacra Store. May 22, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Verizon-Communications-Inc-Earnings-Call-B15338491>
  
APA:
Thomson StreetEvents. (2023). Verizon Communications Inc Q2 2023 Earnings Call Summary Jul 25, 2023. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Verizon-Communications-Inc-Earnings-Call-B15338491>
  
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