Verizon Revenue Falls Short Despite Subscriber Gains

The telecom giant faces challenges with slow phone upgrades and a drop in prepaid subscribers, but sees growth in postpaid and broadband services.

Verizon's Q2 revenue was $32.8 billion, missing the $33.06 billion expected by analysts.
The company added 148,000 postpaid phone subscribers, surpassing estimates of 127,870.
Prepaid subscriber base declined sharply after the end of a federal internet subsidy program.
Verizon's broadband subscribers grew by 17.2% year-over-year, reaching 11.5 million.
Despite revenue shortfall, Verizon maintains its full-year guidance for wireless service revenue growth.