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Verizon Earnings Are Almost Here. It's All About Subscriber Growth After Price Hikes.

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Both earnings and revenue are expected to be lower in the latest quarter than in the same period a year earlier.

When Verizon Communications reports its third-quarter results Tuesday morning, the bigger focus may be subscriber growth, rather than profit or revenue

Telecom companies are battling for customers, so growth in their subscriber bases is a key metric to watch. In May, CEO Hans Vestberg said that during the pandemic, when schools went remote, demand for Verizon’s wireless services grew, “especially from governments,” but that “there’s no pre- or post-Covid benefits right now. We’re now on a normal trajectory.”

AT&T last week reported a net gain of 468,000 of mobility postpaid phone subscribers for the quarter ended in September.

 

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