Verizon reports 406,000 postpaid phone net adds in Q3

TL;DR: Verizon reported 406,000 postpaid phone net additions in the third quarter and raised its full-year outlook again after posting adjusted EBITDA of USD 13.8 billion on revenue of USD 34.3 billion.

Verizon reported 406,000 postpaid phone net additions in the third quarter and raised its full-year outlook again.

Verizon said total revenue increased 1.5 percent year on year to USD 34.3 billion in the third quarter.

Verizon said adjusted EBITDA rose 8.0 percent to USD 13.8 billion in the third quarter, which it described as a record result.

Verizon said reduced phone subsidies helped control operating costs and support margins as its new strategy improved postpaid phone customer growth.