Verizon 1Q23 Quick Take Mobile adds in-line; EBITDA soft; FWB slows
What’s new: Service revenue and EBITDA missed estimates, with most of the shortfall inconsumer. Postpaid phone adds were in-line and FiOS adds were solid; however, consumer
FWB declined sequentially, missing estimates.
Verizon Communications is a holding company. Through its subsidiaries, the company provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. The company has two reportable segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The company's Consumer segment provides consumer-focused wireless and wireline communications services and products under the Verizon brand and through wholesale and other arrangements. The company's Business segment provides, among others, wireless and wireline communications services and products, video and data services, corporate networking solutions, security and managed network services.
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- Pan European Telecom Services and Cable
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