Verizon Reports Record Q3 2026 EBITDA and Strong Postpaid Subscriber Growth
Verizon Communications Inc. (VZ) delivered a robust third-quarter performance for 2026, characterized by record-breaking Adjusted EBITDA of $13.8 billion and significant improvements in subscriber metrics. The company saw an 820% year-over-year surge in postpaid phone net additions, reaching 406,000 lines, marking its strongest third-quarter performance in five years. This growth was supported by a strategic shift away from heavy device subsidies, resulting in a 41% decline in promotional acquisition costs. While wireless equipment revenue declined by 9% due to longer device upgrade cycles, service revenue grew steadily. The company's focus on high-margin segments and cost efficiency led to an Adjusted EPS of $1.31, up 8.3% year-over-year. Verizon also highlighted its expansion into AI infrastructure, securing approximately $4 billion in contracts, including a major dark fiber agreement with Amazon Web Services.
Topics: earnings report EBITDA free cash flow revenue growth subscriber growth
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