Verizon Breaks March Postpaid Drought
Verizon just notched its first March-quarter postpaid phone gain in over a decade, adding 55,000 new subscribers and lifting its earnings forecast—big moves in a market where every net add counts. The company’s stock jumped on the news, but there’s more under the surface: wireless service revenue fell nearly 2%, and average revenue per account also slipped, partly due to $20 outage credits but also pointing to real pricing pressure. Management is promising new wireless plans with fewer phone giveaways, testing whether Verizon can keep growing without throwing cash at promos. But here’s the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.