55k Phone net adds. Increasing guidance on EPS and noting we will be at top end of phone net adds range of 750-1M. All major metrics at VZ w YOY increases.
Stock temporarily up.
35 replies (most recent on top)
How is VBG doing in Q1 ?
there is no mention in the call
@h1 Hilarious indeed as T-Mobile just announced 217,000 net adds in the first quarter and forecasting 950,000-1,050,000 for the entire year.
55k net adds is hilarious. The best part is they didn’t even have to pay the reps for those adds because after they told the sales team to juice the numbers they came back and said they weren’t paying them out after commissions were already finalized
@ar As I always said for years, when HR begins touting the employees are the number one asset, the free training, benefits, etc., then a RIF is coming soon.
The financial metrics are pitiful.
The revenue increased due to the Frontier acquisition and the additional hidden charges increase by VZ..
Postpaid phone adds are never truthful during the first quarter. They account for them in the budget and pull them out of thin air like they are real subscribers.
Broadband net adds increase are from the Frontier acquisition
EPS increases during stock buybacks
Dan stated there are less handoffs which benefits the customer. There are less handoffs due to less people working at VZ.
CEO stated during the first quarter that VZ had been able to reduce promotions over the previous quarter. What a bold statement since the previous quarter is during the holidays and giving everything away.
This is what you call, managing to the CEO metrics to ensure he receives his bonus.
@a9 Frontier’s debt was because when Verizon sold Frontier their garage. They held disconnected lines in their system until cutover to Frontier at midnight, which were in the tens of thousands which Frontier counted as revenue that would never be generated, plus Frontier needed to reto back to the disconnect date which required the customer to be credited, they never advised that thousands of Verizon customers that were now Frontier customers who were out of service costing Frontier to pay out of service credits, pay technicians overtime and cost to put them up in hotels until the customers were back in service. I lived through the nightmare and watched my stock plummet but was lucky to survive all the layoffs where I was a department of 10 to a department of 3
@b0 An approved $25B stock buyback program. VZ is doing everything possible to ensure that Dan receives his $60M bonus package by attempting to prop up the stock price. VZ states the buyback program is to increase shareholder value. What is it, something like 18 straight increases for the dividend payout. The VZ execs realize the stock is cr-p and need to make whatever adjustments necessary to prevent a sell off. Not quite cooking the books, just simmering them.
@aa Do not forget about LM agreeing to overpay at least $30B for the VOD 45% partnership share.
Just confirmation that the layoffs had positive impact by using funds elsewhere. I guess thats why the plan is to rinse and repeat
“Can you pay me now” ~ 80k annually in dividends. Make it rain for me!
Dan said in the investors question about AI that there was a "quite astonishing step increase of ONE THOUSAND TWO HUNDRED AND EIGHTY basis points"
That's just 12.8%, it's all smoke and mirrors with this guy.
Verizon's total unsecured debt as of the end of first-quarter 2026 was $142.5 billion, compared to $131.1 billion at the end of fourth-quarter 2025.
The company's net unsecured debt1 at the end of first-quarter 2026 was $130.1 billion compared to $110.1 billion at the end of the fourth-quarter 2025.
At the end of first-quarter 2026, Verizon's ratio of unsecured debt to consolidated net income (LTM) was 8.0 times and its net unsecured debt to consolidated adjusted EBITDA ratio1 was 2.6 times.
Verizon paid down approximately half of the Frontier debt since the acquisition closed, and expects to repay substantially all of Frontier's debt by the end of the year.
Verizon successfully completed $2.5 billion of share repurchases in first-quarter 2026, and remains on track for its full-year target of at least $3.0 billion.
T-Mobile is predicting the following metrics for 2026:
Postpaid Net Account Additions: The company projects adding 900,000 to 1.0 million new postpaid accounts (households/businesses) for the full year of 2026
@ag most of frontier will be gone.
VZ of the past is gone. Pretending employees matter is no longer a thing. This is business. Like it or not, two good quarters in a row. More will lose their job. Expense will be reduced. Sam will continue to think post it note messages are effective and they are recovering that fancy red chair in pleather. Set the foundation v teamers!
When is the Frontier spin off 😂
I agree that right kind of fat needs to cut.. people getting so high salaries and offering nothing but word salad in return..
That sh-t kicking, boot wearing, PayPal person is "gettin r done" - CUT the excess fat and reward the shareholder.
Being inside Verizon for 40 years... how far we have fallen. To cheer 55,000 net adds as a positive, while revenues limp along and exenses get the benefit of layoffs and holding back on capex us a very short term bias. I recall the days of exceeding stretch targets.
Culture is irreversible. Execution matters.
This is not on Dan... but the legacy embedded Executives who are in the wrong seats on the bus!
Q1 offers positive narrative, but there are standout items for VZ employees:
- Frontier acquisition is a heavy lift. VZ now carrying a lot of debt in fluctuating interest rate environment. Capital allocation will be highly scrutinized.
- Employees in engineering, network buildout, and high value sales should be stable.
- high debt load means tight purse strings continued scrutiny in expense.
- integration means Reorganization. Watch out for overlap (HR, marketing, admin, regional mgmt). Redundancies will be eliminated.
Rather than a mass layoff, more likely to see tactics to quietly reduce HC (attrition, no back fills, hiring freeze). Again, teams with direct overlap between VZ and Frontier will need to be prepared.
Tony just said that $2B free cash flow was used for stock buy backs, so much for reducing the debt
Dan mentioned more layoffs coming in the earnings call by saying we will get rid of legacy programs and teams.
@ab: tough is an understatement!!! what is next??
@aa when discussing poor investments its all documented and previous history. Is this a new chapter being an all inclusive strategy to do what is needed within the current asset pool?
We're doing it guys. It's been tough but this is 2 quarters of positive growth. Ignore the doom chatter here and keep working hard. We see you!
@a5 Earn more, starve the village of middle management, eliminate golden parachutes, lower the dividend and maybe don't invest in useless cr-p like Yahoo, AOL, Bluejeans, etc... oh and maybe don't get rid of parts of the business just to buy it back later for $20B
Debt is up because of frontier
@a6 hope you are 100% incorrect because these are fighting words.
@a6 this is a serious accusations!!!!!!!
Did you glean the daily 24X7 CEO reports???
55K net on the back of bogus zero use BYOD lines. It's a house of cards
@a3 corporate debt, there is no simple nor quick remedy, and will continue to be a drag on the corporate balance sheet. Remedies, if/when lower corporate interest rates, elevated (parabolic) stock price and to reissue shares, massive reductions of operating expenses [RIFs management and craft unions], and/or massive reduction of capital expenditures.
Dan delivering! Eat it haters!
Look at the debt!
@a1 patience, still early, lets digest all the granular details. Does look seemingly positive. Q1 2026 however missed revenue forecasted.
@OP a solid slap to all naysayers and whiners on this board....now back to work y'all losers...