Verizon reports record postpaid phone additions and modest revenue growth in Q3 2026
Verizon announced 406,000 net additions of postpaid phones in the third quarter, an 820% year‑over‑year rise. The growth is credited to the $30‑per‑month Simplicity plan and a new loyalty program. Mobility and broadband revenue rose 2.9% to about $23.5 billion, while total revenue increased 1.5% to $34.3 billion and net income grew 5.2% to $5.3 billion. The company also reported a postpaid churn rate of 0.87% and broadband net additions of 314,000.
Why it matters
The surge in postpaid customers and improved churn suggest stronger future cash flows, while modest revenue and earnings growth indicate the turnaround is gaining traction, according to the company's earnings release.
Key facts
- 1Verizon reported 406,000 postpaid phone net additions in Q3 2026. droid-life.com
- 2The net additions represent an 820% increase year‑over‑year. droid-life.com
- 3The Simplicity plan is priced at $30 per month. droid-life.com
- 4Mobility and broadband service revenue was approximately $23.5 billion, up 2.9% year‑over‑year. finance.yahoo.com
- 5Total operating revenue was $34.3 billion, up 1.5% year‑over‑year. finance.yahoo.com
- 6Consolidated net income was $5.3 billion, up 5.2% year‑over‑year. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.