CLAIM #62264 · VZ (VZ) · 2023Q3 earnings call · Oct 24, 2023 · due Dec 31, 2023
“We anticipate that momentum will continue as we are on track to exceed our postpaid phone net adds from Q4 of last year.”
Hans Vestberg · CEO
In context
“bscribers profitably. Since its launch in May, myPlan continues to deliver a personalized experience, giving our customers the value, choice and control that they want. During the third quarter,we enhanced myPlan by adding Ultimate Unlimited, a third tier with more value and services, further increasing our premium mix and ARPA growth. This is just one example of the flexibility and speed to market that myPlan provides. And I'm excited about what is to come. Our targeted and segmented market approach also serves as well during the iPhone 15 launch and we continue to execute with an iTunes meeting our customers’ needs while maintaining a disciplined approach. Our competitive position is now stronger. And we’ve delivered positive consumer postpaid phone net adds in the month of September. We anticipate that momentum will continue as we are on track to exceed our postpaid phone net adds from Q4 of last year. Postpaid phone shown levels are stable even with our targeted pricing actions throughout the year. We continue to see muted upgrade levels, which is something we are watching carefully and is a trend we expect will continue for the next few quarters. Turning to business mobility. Verizon Business Group delivered 151,000, phone net ads and reached our ninth consecutive quarter above 125,000. Business in governments continue place an increased emphasis on best-in-class reliable connectivity that only Verizon provides. Across mobility, postpaid phone net adds were 100,000, compared to 8,000 last year. We have the largest customer base in the industry and are still finding new ways to add customers through innovation, service quality and a variety of offerings and partnerships that competit”
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SEC filings for VZ ↗ · Claim quote is verbatim from the 2023Q3 earnings call.