Verizon Resumes Share Buybacks

Verizon just pulled off its first positive first-quarter postpaid phone subscriber growth in more than a decade, posting 55,000 net adds and its lowest churn rate in years. Revenue hit $34.44 billion, up nearly 3% from last year, and adjusted earnings topped expectations. Broadband signups surged too, especially in fixed wireless and fiber. Management is confident enough to raise full-year guidance and plans to keep the momentum with fresh cross-selling—only one in five customers currently take both wireless and broadband, so that’s a big lever. Plus, the recent Frontier deal is on track to unlock major cost savings.

But here’s the catch: the real test is whether Verizon can get more customers to buy bundles without letting churn creep back up. T-Mobile and AT&T are pushing hard, and while Verizon’s dividend yield is fat at nearly 6%, there’s a delicate balance between pricing aggressively to win market share and protecting the value of each customer. Fixed wireless may slow as fiber ramps up, so execution on convergence—tying fiber and wireless together with slick, AI-personalized offers—will make or break the next chapter.

Based on reporting from TIKR.com, The Globe and Mail, and fibre-systems.com.

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