The telecommunications company came off a rough first quarter with no revenue growth as it expands C-band 5G service.

Verizon said it lost wireless consumers and saw revenue growth inch up in the second quarter as inflation and a challenging economic environment hit the carrier hard.

Verizon lost 215,000 consumer postpaid phone subscriptions, the metric used by the industry as a key indicator of success because it includes customers who pay at the end of the month and generally boast higher credit scores. This was buoyed by the addition of 227,000 postpaid business wireless subscriptions for an overall net gain of 12,000 subscribers, which falls below competitor performance: on Thursday, AT&T said it had added 813,000 net postpaid subscribers in its second quarter earnings.

Verizon has been trying to attract more customers with a cheaper bottom-tier Unlimited plan to compete with T-Mobile’s most affordable subscription option. 

But the company also had a rough first quarter, with an overall decrease in postpaid consumer subscriptions. Back then, Verizon also faced questions about inflation, which has led to rising phone bills.

Verizon posted $33.8 billion in revenue in the second quarter, up a very slight 0.1% from the same period last year and just a hair above analyst expectations. 

The carrier reported net income of $5.3 billion, or $1.24 earnings per share. Its adjusted earnings were $1.31 per share, which was under expectations of $1.33 per share on Yahoo. 

Verizon shares had fallen 3% to $47.66 yesterday after AT&T released its second quarter earnings.

TECH NEWS RELATED

Samsung recommends a perfect Odyssey monitor for every gamer and budget

Samsung is among the most popular gaming monitor brands globally, and its 2021 Odyssey lineup has a wide range of models. There’s something for every kind of gamer and budget, and the company has published a detailed infographic to recommend the perfect Odyssey gaming monitor for everyone. The South ...

View more: Samsung recommends a perfect Odyssey monitor for every gamer and budget

Here's when and where OnePlus could launch its first Android tablet

Source: Android Central What you need to know OnePlus is rumored to launch its first Android tablet early next year. The OnePlus Pad, as it’s currently dubbed, could launch in India following its China debut. However, the tablet may not be announced alongside the upcoming OnePlus 10 series. OnePlus was ...

View more: Here's when and where OnePlus could launch its first Android tablet

CES 2022 Gets Back to In-Person: What Can You Expect from the Latest Edition of the Biggest Electronics Show?

Photo Credit: Twitter/ @CES More than 1,800 exhibitors are now scheduled to attend the event CES, the annual Consumer Electronics Show, which is one of the biggest technology events, is all set to return to its regular old in-person format in 2022. The event that sees new announcements and ...

View more: CES 2022 Gets Back to In-Person: What Can You Expect from the Latest Edition of the Biggest Electronics Show?

AC Podcast 552: Qualcomm Summit; OPPO Foldable; Bugs and Outages

Source: Qualcomm Harish, Nick, Jerry, and Ara check in on the announcements from the Qualcomm Snapdragon Summit. Pixel Watch inches closer to reality, and OPPO is sent to release their first foldable phone. The gang also investigate a week’s worth of outages and bugs, including AWS downtime and the inability ...

View more: AC Podcast 552: Qualcomm Summit; OPPO Foldable; Bugs and Outages

iPhone trade-in: Your best options for selling an old iPhone before buying a new one

Ready to upgrade to a new iPhone? Trade in your old iPhone first. Here are the best places to sell your existing phone so you can afford a new one.

View more: iPhone trade-in: Your best options for selling an old iPhone before buying a new one

OPPO Find N leak gives us the best look yet at OPPO's first foldable phone

Source: Evan Blass / Twitter What you need to know OPPO’s first foldable phone has been leaked a few days after its official teaser. The OPPO Find N appears to resemble the Galaxy Z Fold 3 design, but with a smaller body. OPPO will officially take the wraps off its ...

View more: OPPO Find N leak gives us the best look yet at OPPO's first foldable phone

I wish Google made more Nest displays like Amazon's Echo Show devices

Source: Nick Sutrich / Android Central I own a couple of Google’s Nest products. I have the original Google Home in my bathroom, and I sprinkle some Nest Minis around my apartment. However, my favorite is the first-generation Nest Hub display that I leave on my bedside table. It’s the ...

View more: I wish Google made more Nest displays like Amazon's Echo Show devices

These smartphones are coming next year, and we're already excited

If rumors are true, the OnePlus 10 Pro, Samsung Galaxy S22 Ultra and Galaxy S21 FE, as well as Apple's iPhone 14 Max and iPhone SE 3 are coming in 2022.

View more: These smartphones are coming next year, and we're already excited

Comment: AirPods 3 from an AirPods Pro user’s perspective

iPhone charging slowly? How to fast charge your iPhone 13

The Best MIDI keyboards for Mac, iPhone, and iPad 2021 Edition

Apple updates Final Cut Pro and Logic Pro with advances in 8K video, motion graphics tracking, and spatial audio toolset

Does PSVR 2 still have what it takes to compete with the Quest 2 in 2022?

You can monitor any flight directly from the Messages app on your iPhone

Why your new iPhone 13 doesn't need a case

Best movies on HBO Max right now

Tempting reasons you'll want to buy a Google Pixel

After tornadoes rip through some U.S. states, Apple announces donation to support relief effort

iOS 15: How to FaceTime between iPhone and Android

You can use Apple's Hide My Email iCloud feature to get a burner email address. Here's how

OTHER TECH NEWS

Top Car News Car News