Latest news with #TMobile
Globe and Mail
2 days ago
- Business
- Globe and Mail
Verizon Boosts Profit Forecasts, Shares Hike
Verizon (NYSE:VZ) raised the lower end of its annual profit forecast on Monday, as strong demand for its higher-tier plans powered better-than-expected earnings in the second quarter. The move resulted in the company's shares gain traction. The U.S. telecom major posted a 2.2% rise in wireless service revenue as more users opted for its add-ons such as access to streaming service like Netflix. The carrier has launched price-lock promotions and broadband-wireless bundles to retain users as competition intensifies from AT&T (NYSE:T) and T-Mobile (NASDAQ:TMUS), as well as aggressive offers from broadband providers Comcast and Charter. However, Verizon posted a surprise drop of 9,000 monthly bill-paying wireless subscribers in the April-June period, reeling from user churn after price hikes in January. Analysts were expecting an increase of 13,000 subscribers. To drive growth in the mature U.S. telecom market, Verizon and its wireless rivals have been bulking up on fiber-optic assets that can tap growing data use by customers. Overall, Verizon reported revenue of $34.5 billion, beating estimates of $33.74 billion, according to data compiled by LSEG. Its quarterly adjusted earnings per share of $1.22 also beat estimates. The company now expects 2025 adjusted profit to grow between 1% and 3%, compared with 0% to 3% previously. It also raised its annual free cash flow forecast to between $19.5 billion and $20.5 billion, from $17.5 billion to $18.5 billion. VZ shares spiked $1.53, or 3.8%, to begin Monday at $6.94.
CTV News
2 days ago
- Business
- CTV News
Verizon boosts annual profit forecast on demand for premium plans
Verizon above a trading post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew, File) Verizon raised the lower end of its annual profit forecast on Monday, as strong demand for its higher-tier plans powered better-than-expected earnings in the second quarter. Shares of the U.S. telecom major rose four per cent in premarket trading. The company posted a 2.2 per cent rise in wireless service revenue as more users opted for its add-ons such as access to streaming service like Netflix. The carrier has launched price-lock promotions and broadband-wireless bundles to retain users as competition intensifies from AT&T and T-Mobile, as well as aggressive offers from broadband providers Comcast and Charter. However, Verizon posted a surprise drop of 9,000 monthly bill-paying wireless subscribers in the April-June period, reeling from user churn after price hikes in January. Analysts polled by FactSet were expecting an increase of 13,000 subscribers. To drive growth in the mature U.S. telecom market, Verizon and its wireless rivals have been bulking up on fiber-optic assets that can tap growing data use by customers. Verizon in May won approval from the U.S. telecom regulator for its US$20 billion acquisition of fiber-optic internet provider Frontier, after it agreed to end its diversity programs. The sharper focus on internet services helped it posted 293,000 broadband net additions in the second quarter. Overall, Verizon reported revenue of $34.5 billion, beating estimates of $33.74 billion, according to data compiled by LSEG. Its quarterly adjusted earnings per share of $1.22 also beat estimates. The company now expects 2025 adjusted profit to grow between 1% and three per cent, compared with zero to three per cent previously. It also raised its annual free cash flow forecast to between $19.5 billion and $20.5 billion, from $17.5 billion to $18.5 billion. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Arun Koyyur)
Reuters
2 days ago
- Business
- Reuters
Verizon boosts annual profit forecast on demand for premium plans
July 21 (Reuters) - Verizon raised the lower end of its annual profit forecast on Monday, as strong demand for its higher-tier plans powered better-than-expected earnings in the second quarter. Shares of the U.S. telecom major (VZ.N), opens new tab rose 4% in premarket trading. The company posted a 2.2% rise in wireless service revenue as more users opted for its add-ons such as access to streaming service like Netflix. The carrier has launched price-lock promotions and broadband-wireless bundles to retain users as competition intensifies from AT&T (T.N), opens new tab and T-Mobile (TMUS.O), opens new tab, as well as aggressive offers from broadband providers Comcast (CMCSA.O), opens new tab and Charter (CHTR.O), opens new tab. However, Verizon posted a surprise drop of 9,000 monthly bill-paying wireless subscribers in the April-June period, reeling from user churn after price hikes in January. Analysts polled by FactSet were expecting an increase of 13,000 subscribers. To drive growth in the mature U.S. telecom market, Verizon and its wireless rivals have been bulking up on fiber-optic assets that can tap growing data use by customers. Verizon in May won approval from the U.S. telecom regulator for its $20 billion acquisition of fiber-optic internet provider Frontier, after it agreed to end its diversity programs. The sharper focus on internet services helped it posted 293,000 broadband net additions in the second quarter. Overall, Verizon reported revenue of $34.5 billion, beating estimates of $33.74 billion, according to data compiled by LSEG. Its quarterly adjusted earnings per share of $1.22 also beat estimates. The company now expects 2025 adjusted profit to grow between 1% and 3%, compared with 0% to 3% previously. It also raised its annual free cash flow forecast to between $19.5 billion and $20.5 billion, from $17.5 billion to $18.5 billion.
Yahoo
2 days ago
- Business
- Yahoo
Verizon boosts annual profit forecast on demand for premium plans
(Reuters) -Verizon raised the lower end of its annual profit forecast on Monday, as strong demand for its higher-tier plans powered better-than-expected earnings in the second quarter. Shares of the U.S. telecom major rose 4% in premarket trading. The company posted a 2.2% rise in wireless service revenue as more users opted for its add-ons such as access to streaming service like Netflix. The carrier has launched price-lock promotions and broadband-wireless bundles to retain users as competition intensifies from AT&T and T-Mobile, as well as aggressive offers from broadband providers Comcast and Charter. However, Verizon posted a surprise drop of 9,000 monthly bill-paying wireless subscribers in the April-June period, reeling from user churn after price hikes in January. Analysts polled by FactSet were expecting an increase of 13,000 subscribers. To drive growth in the mature U.S. telecom market, Verizon and its wireless rivals have been bulking up on fiber-optic assets that can tap growing data use by customers. Verizon in May won approval from the U.S. telecom regulator for its $20 billion acquisition of fiber-optic internet provider Frontier, after it agreed to end its diversity programs. The sharper focus on internet services helped it posted 293,000 broadband net additions in the second quarter. Overall, Verizon reported revenue of $34.5 billion, beating estimates of $33.74 billion, according to data compiled by LSEG. Its quarterly adjusted earnings per share of $1.22 also beat estimates. The company now expects 2025 adjusted profit to grow between 1% and 3%, compared with 0% to 3% previously. It also raised its annual free cash flow forecast to between $19.5 billion and $20.5 billion, from $17.5 billion to $18.5 billion. Sign in to access your portfolio
Phone Arena
2 days ago
- Business
- Phone Arena
If you want this AT&T plan, you might have to buy more than you planned
Phone carriers love to upsell – new lines, fancy perks, random add-ons – most of which, of course, come with a price. And sometimes, customers don't even realize something extra was added until the bill lands. We have seen these kinds of complaints aimed at all three of the major carriers – T-Mobile, Verizon and AT&T. But now, it looks like AT&T is turning up the pressure to push even more add-ons and new services. Retail employees are sounding the alarm online, sharing a new frustration. Apparently, many are being told not to sell AT&T 's 55+ plan unless the customer is also adding a new line or signing up for internet service. So yeah, if this is true, it could suddenly become a lot harder for people over 55 to just get the plan they actually want – without any strings attached. – Adventurous-Way3514, Reddit, July 2025 And it turns out, this wasn't a one-off case. A bunch of other retail reps from across the country chimed in with similar stories, suggesting this might actually be a company-wide push. – CrewPrevious705, Reddit, July 2025 – PuzzleheadedNeck4476, Reddit, July 2025 So what is the deal with this plan anyway? AT&T 's 55+ plan isn't exactly dirt cheap – it typically runs $60 for a single line or $55 per line if you get two. Right now, though, there is a pretty solid promo that knocks it down to $40 for one line and $35 per line if you go for two. And that discount may have made the plan more attractive, which could be why stores are being told to push harder for additional sales – or just stop offering it solo altogether. – OniLordLoOpy, Reddit, July 2025 That said, not every store is seeing this kind of pressure. A few reps say their leadership hasn't changed how they sell the 55+ plan and still offer it without extra requirements. For those who don't know, the AT&T 55+ plan comes with: Unlimited talk, text and data in the US, Canada, and Mexico The AT&T ActiveArmor security app ActiveArmor security app 10 GB of hotspot data per line per month SD streaming It is not flashy, but it is more than enough for most people and it is AT&T 's most affordable option per line, even before the discount. But if you suddenly have to tack on a new line or internet just to qualify? That changes the value of the deal completely. So why would AT&T be pushing this? Well, some think the company just didn't expect this many people to jump on it. –Taenurri, Reddit, July 2025 So yeah, if you are thinking about signing up for AT&T 's 55+ plan, just be aware that there is a good chance the store rep might try to throw in some extra services or features you never asked for. It is one of those annoying upsell tactics that can catch you off guard, especially if you are not paying close attention. It is frustrating, but not new – customers have run into this kind of upselling with all the big carriers. If you are still exploring your options and want to compare what each carrier has to offer – whether it is plans for seniors, family bundles or perks that actually match your needs – be sure to check out our detailed carrier guides anytime: We've reached out to AT&T for a comment and will update this story once we hear back.
