Catenaa, Tuesday, November 04, 2025-Verizon reported $33.8 billion in operating revenue for Q3, up 1.5% year-on-year, slightly below analysts’ $34.28 billion estimate, while adjusted earnings per share of $1.21 exceeded projections.
The U.S. telecom added 44,000 postpaid phone customers, surpassing the 19,000 FactSet forecast but falling short of last year’s results.
The quarter followed the sudden appointment of Dan Schulman as CEO, replacing Hans Vestberg, and marked a transition toward operational efficiency and cost reduction.
Schulman emphasized plans to simplify Verizon’s structure, sunset underperforming assets, and leverage AI for both customer experience and internal process optimization.
Schulman highlighted converged product offerings, noting that more than 18% of postpaid phone customers already hold combined services.
Investments in mobility, broadband, and marketing will be funded through cuts across the cost base. He also indicated potential asset sales in legacy operations to improve margins.
Shares rose modestly after the announcement but remained near $40, below desired levels. Schulman characterized the approach as bold and customer-centric, aiming to enhance loyalty while driving shareholder value.
