Verizon Posts Record Adjusted EBITDA

Verizon just posted its strongest third-quarter phone growth in five years and raised its 2026 outlook, with adjusted earnings up 8.3% and record-high EBITDA margins. Revenue from wireless service and broadband is climbing, churn is improving, and promotional spending is way down — all pointing to a cleaner, more profitable business. Yet, Wall Street can’t look away from the looming threat of SpaceX, which recently bought spectrum and triggered a selloff across carrier stocks.

But here’s the catch: while Verizon’s momentum seems real, broadband growth is slowing and the fiber build is expensive. The company’s new deal with AWS for AI infrastructure could pay off, but the real wild card is SpaceX. CEO Dan Schulman says Starlink can’t match Verizon’s network scale or efficiency, and most analysts still don’t see SpaceX as an existential threat — unless Elon Musk pulls off a massive tower partnership or regulatory coup. If that happens, spectrum prices and competitive dynamics could shift fast.

Featuring insights from CEO Dan Schulman and reporting from Morningstar and CX Dive, this episode breaks down who’s actually winning share, where the cracks and opportunities lie, and what to watch as Verizon faces off against Musk’s next move.

Powered by Apisod.com