Latest news with #myHome
Phone Arena
2 days ago
- Business
- Phone Arena
Verizon is retiring another service it launched nearly three years ago
Verizon Verizon – Verizon , June 2025. Verizon Verizon Receive the latest Verizon news Subscribe By subscribing you agree to our terms and conditions and privacy policy Verizon will soon start notifying customers about discontinuing its +play marketplace | Screenshot by PhoneArena The +play streaming platform was Verizon decided to move as many of its customers as possible to myPlan and myHome and retire the platform it proudly introduced nearly three years ago. Thankfully, existing wireless and home Internet subscribers won't be affected by this change, as they will still be able to keep and manager their subscriptions. But if you're planning to become a Verizon customer on or after July 9, this perk will no longer be available to you. The only real benefit that's going away is the amazing discounts that Verizon offered from time to time to those purchasing subscriptions via +play. The +play streaming platform was launched back in 2022 , but for some reasondecided to move as many of its customers as possible to myPlan and myHome and retire the platform it proudly introduced nearly three years existing wireless and home Internet subscribers won't be affected by this change, as they will still be able to keep and manager their subscriptions. But if you're planning to become acustomer on or after July 9, this perk will no longer be available to only real benefit that's going away is the amazing discounts thatoffered from time to time to those purchasing subscriptions via +play. Grab a free iPhone 13 from Total Wireless! Switch to Total 5G+ Unlimited 3-Month plan or Total 5G Unlimited and get a free iPhone. We may earn a commission if you make a purchase Check Out The Offer customers who are used to pay for all their streaming services through their Verizon account will be disappointed to hear that the Big Red has decided to retire its streaming digital marketplace next no official announcement has been made yet, a note on the +play website mentions that the streaming marketplace will no longer take new enrollments come July a statement sent to The Streamable confirms the move and explains that most of its customers are on myPlan, myPlan and myHome, which provide the fastest and easiest way to these streaming to, current customers will be allowed to keep and manage any active +play subscriptions, but that's about it. After July 9,customers may shop for new content subscriptions via myPlan and myHome perks available at Service & Perks.
Yahoo
2 days ago
- Business
- Yahoo
5 Revealing Analyst Questions From Verizon's Q1 Earnings Call
Verizon's first quarter results met Wall Street's revenue expectations, with adjusted earnings per share exceeding consensus estimates. Management attributed this performance to the success of recent pricing actions, ongoing broadband growth, and disciplined cost control across the business. CEO Hans Vestberg highlighted the company's portfolio of targeted customer offerings, including myPlan and myHome, and noted positive momentum in gross additions toward the end of the quarter. The prepaid segment, in particular, achieved its best results since the TracFone acquisition, driven by revamped value propositions and expanded distribution. While higher churn was acknowledged—primarily among cohorts impacted by recent price increases—management described this as transitory and linked to specific pricing adjustments made earlier in the year. Is now the time to buy VZ? Find out in our full research report (it's free). Revenue: $33.49 billion vs analyst estimates of $33.33 billion (1.5% year-on-year growth, in line) Adjusted EPS: $1.19 vs analyst estimates of $1.15 (3.6% beat) Adjusted EBITDA: $12.56 billion vs analyst estimates of $12.34 billion (37.5% margin, 1.7% beat) Operating Margin: 23.8%, up from 22.8% in the same quarter last year Market Capitalization: $176.5 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. John Hodulik (UBS) asked about the impact of tariffs on equipment and handsets. CEO Hans Vestberg explained that tariff exposure is limited on capital spending, and any significant handset tariff increases would likely be passed to consumers rather than absorbed by Verizon. Ben Swinburne (Morgan Stanley) questioned whether the improvement in gross additions was due to specific promotions or market share gains. Sowmyanarayan Sampath, Consumer Group CEO, attributed the momentum to the Verizon Value Guarantee offer, noting double-digit growth in April gross adds. Jim Schneider (Goldman Sachs) inquired about changes in consumer behavior and the sustainability of business margins. Sampath reported continued demand for premium plans, while CFO Tony Skiadas highlighted structural cost improvements and stable payment trends. Michael Rollins (Citi) asked about postpaid phone industry growth and the impact of immigration policy. Sampath stated that Verizon is performing well even as much of market growth is driven by prepaid-to-postpaid migration, a segment where Verizon participates primarily through partners. Peter Supino (Wolfe Research) asked how the company's multi-year fixed wireless access expansion could pressure capital expenditures. Vestberg responded that the rollout is incorporated into existing plans and should not create additional pressure through 2028. Looking ahead, the StockStory team will be monitoring (1) adoption and retention trends following the rollout of the three-year price lock and free phone guarantee; (2) progress on the integration and broadband expansion linked to the pending Frontier acquisition; and (3) continued improvements in prepaid and converged customer segments. Execution on operational efficiency and network investments will also play a critical role in shaping future performance. Verizon currently trades at $41.94, down from $42.93 just before the earnings. Is the company at an inflection point that warrants a buy or sell? See for yourself in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.
Axios
02-05-2025
- Business
- Axios
Verizon offers multi-year price lock as homes get more connected
Today's families are managing more connected devices than ever to power work, learning, security and connection — often all at once. That's shifting how they prioritize their data plans. 📈 Key numbers: The average Verizon internet household now manages 18 connected devices and consumes 656 GB of data monthly, up 6% YoY, according to the latest Verizon Consumer Connections Report. 42-45% of U.S. internet households own at least one smart home device. 20% of U.S. internet households own a smart video doorbell. 16% own a smart thermostat. What this means: Connectivity has evolved from a nice-to-have to a must-have. 🔒 Verizon is offering an industry-first 3-year price lock guarantee on all myPlan (mobile) and myHome (home internet) network plans, available to both new and existing customers. Why it's important: The offer meets a growing consumer demand for financial stability, control and simplicity — especially as families weigh technology investments alongside everyday priorities. Here's what else: Verizon is also now offering a free phone to new and existing wireless customers on any myPlan when they trade in a device — regardless of its condition. Plus, get even more immediate savings when bundling home internet, taking $15 off the total monthly bill. The impact: Families can stay confidently connected — with steady rates on core services like calling, data and texting. Customers can also save over 40% on five of the most popular subscription services, Netflix & Max and Disney+, Hulu and ESPN+. All five for just $20 per month. Plus, free satellite messaging on qualifying devices. 🏡 Why now: With spring homebuying season underway, the busiest time for real estate, families making big moves may be rethinking how they're setting up their homes — and the tech that powers them. Verizon's 3-year price lock guarantee offers predictable, multi-year stability across connectivity costs. The takeaway: As families upgrade their homes and devices, Verizon's price lock guarantee offers something rare in tech: predictability. With stable rates, smart perks and guaranteed phone trade-ins, it's a connectivity plan that moves at the speed of modern life — without the surprise charges.
Yahoo
27-04-2025
- Business
- Yahoo
Is Verizon Still a Defensive Dividend Stock After Soft Subscriber Growth?
The most closely watched metric for Verizon Communications (NYSE: VZ) during earnings season isn't the company's revenue or profits. Instead, it tends to be its postpaid phone subscriber numbers. Postpaid subscribers have wireless plans that are billed monthly, as opposed to prepaid subscribers, who pay for their services upfront. Prepaid subscribers generally are not as affluent, and the business has much more churn. Meanwhile, its consumer and business wireline businesses are in decline. Broadband is a growth business, but the focus still tends to be on its core postpaid wireless business, as this is the gateway to its other offerings. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » On the postpaid wireless front, the company disappointed. After adding 568,000 wireless postpaid phone net additions in Q4 2024, it lost 289,000 in Q1 2025. The first quarter tends to see churn; in Q1, it lost 114,000 postpaid phone subscribers last year. However, the decline was worse than the loss of 197,000 subscribers that analysts were expecting. Much of this appears to stem from price hikes, as the company's total wireless service revenue rose 2.7% to $20.8 billion despite the churn in customers. However, the company said that it saw mid-single-digit consumer postpaid phone gross additions in March and that its performance thus far in April has been strong. It noted that its new three-year price lock and free phone guarantee were starting to resonate with customers. It also highlighted its new myPlan and myHome plans, which allow customers to customize their plans and add perks, such as discounted streaming services or unlimited cloud storage. myPlan is for mobile customers, while myHome is for broadband customers. Broadband continued to be an area of strength in Q1, with 339,000 net additions in the quarter. This included 45,000 Fios internet net additions and 308,000 fixed wireless additions. Overall, it said total broadband connections increased by 13.7% year over year to 12.8 million, with 4.8 million of those being fixed wireless access subscribers. It plans to deliver 650,000 incremental Fios passings this year while continuing to expand its C-band deployment. C-band is a wireless spectrum that Verizon is using to deliver its fixed mobile broadband solution and enhance its mobile wireless solution. C-band provides broadband internet service to areas that don't have traditional infrastructure. Overall, Verizon continued to deliver steady results. Its overall revenue rose by 1.5% to $33.5 billion, while its adjusted EPS increased 3.5% to $1.19. That was just ahead of the analyst consensus for adjusted EPS of $1.15 on revenue of $33.3 billion. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), meanwhile, rose 4.1% to $12.6 billion. Looking ahead, Verizon maintained its full-year 2025 guidance. It continues to expect wireless revenue growth to be between 2% and 2.8% and for adjusted EPS to increase by 0% to 3%. The company projects operating cash flow to be between $35 billion and $37 billion after spending about half of that on capital expenditures (capex) to result in free cash flow between $17.5 billion and $18.5 billion. One of the things that most attracts investors to Verizon is its dividend. It has a robust forward dividend yield of about 6.4%, which is a nice payout in this environment. The dividend remains well covered, with the company paying $2.85 billion in dividends in Q1 while it generated $3.63 billion in free cash flow. That's good for a nearly 1.3x coverage ratio. Over the past 12 months, it's generated free cash flow of $18.73 billion and paid out $11.03 billion in dividends, good for a 1.8 times coverage ratio. That gives the company plenty of room to continue to both invest in its business and increase its dividend moving forward. The company's balance sheet also remains in solid shape with a leverage ratio on unsecured debt (net unsecured debt/trailing-12-month adjusted EBITDA) of 2.3. With Verizon forecasting $17.5 billion to $18.5 billion in free cash flow this year, the company has a wide cushion to continue to increase its dividend, even if a weaker economic environment negatively impacts its results. While Verizon's recent price hike caused some elevated churn in the most recent quarter, postpaid wireless subscriber additions look like they have been back on track for the last couple of months. Meanwhile, its three-year price lock and phone upgrade plan looks like an attractive offering that can drive subscriber growth. At the same time, the company continues to do well by adding broadband customers. Its fixed wireless C-band offering allows it to target households in areas without fiber or cable broadband services. It is also a nice alternative option for customers who have cut the cord with cable but who are still beholden to their cable company's broadband options. Turning to valuation, Verizon trades at a forward price-to-earnings (P/E) ratio of 9 based on 2025 earnings estimates, which is well below the nearly 13 times multiple of AT&T. With very similar overall growth metrics as AT&T, I think Verizon is the better buy and remains a solid, defensive dividend stock. I wouldn't get caught up in one quarter of weak postpaid subscriber growth, as the overall picture at Verizon remains solid. Before you buy stock in Verizon Communications, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Verizon Communications wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $591,533!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $652,319!* Now, it's worth noting Stock Advisor's total average return is 859% — a market-crushing outperformance compared to 158% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 21, 2025 Geoffrey Seiler has no position in any of the stocks mentioned. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy. Is Verizon Still a Defensive Dividend Stock After Soft Subscriber Growth? was originally published by The Motley Fool Sign in to access your portfolio
Time of India
23-04-2025
- Business
- Time of India
Verizon posts higher subscriber loss on price hikes, competition
Verizon Communications lost more wireless subscribers in the first quarter than Wall Street expected, as the U.S. telecom giant grappled with the fallout of recent price hikes and aggressive promotions from rivals. Shares of the company were down about 3 per cent in early trading. The company warned in March off-season promotions by AT&T and T-Mobile would result in "soft" subscriber growth, fueling fears about intensifying competition in an industry vying for a limited pool of new subscribers. "We had a pretty big price up in January, and the elasticity on that price up was higher than what we had anticipated," Sowmyanarayan Sampath, CEO of Verizon Consumer, told Reuters. That led to a higher churn, percentage of customers exiting a service, with Verizon reporting a loss of 289,000 monthly bill-paying wireless subscribers in the first quarter, compared with expectations for 166,400 losses, according to FactSet data. Verizon saw reductions in business wireless accounts due to the "new government and their efficiency work", CEO Hans Vestberg said in a post-earnings call. Only a small portion of Verizon's annual $18 billion capital expenditure is exposed to tariffs, mainly on imported wireless equipment, Vestberg said. The company introduced a three-year price guarantee in early April to lock in customers for its myPlan and myHome offerings. "March was very strong, especially the last two weeks and in April, we were running almost double-digit growth," Sampath said. It also reaffirmed its annual adjusted profit and free cash flow outlook, a sign it was confident in its business plans amid economic uncertainty. In the first quarter, total revenue grew 1.5 per cent to $33.5 billion, edging past analysts' estimates of $33.24 billion, according to data compiled by LSEG. Wireless service revenue grew 2.7 per cent to $20.8 billion, helped by the price hikes implemented by the company.
