
Verizon Communications Inc. has reported a challenging outlook for the first quarter of 2025, with Chief Revenue Officer Frank Boulben indicating that gross subscriber additions are expected to be 'probably soft' due to tough year-over-year comparisons. This announcement was made during the Deutsche Bank Media, Internet & Telecom Conference. Following this news, Verizon's stock fell 4.2% in pre-market trading, marking its largest decline since 2023. The company's shares have also experienced their most significant drop since 2008, reflecting broader concerns in the telecom sector, which has seen declines for both Verizon and AT&T. T-Mobile shares also traded lower in response to the negative outlooks from Verizon and AT&T.
Verizon and AT&T are seeing stock drops. Here’s what’s driving the selloff. https://t.co/BunZLBa0tU
Shares of Verizon dropped the most since 2023 on Tuesday after the company gave a muted outlook for growth in mobile-phone subscribers in the current quarter.
$TMUS T-Mobile shares are trading lower in sympathy with AT&T and Verizon, which fell on their respective outlooks. $T

