Verizon’s flexible mobile plans drive subscriber additions, strong forecast

Verizon Communications forecast annual profit above estimates on Tuesday after strong demand for its wireless plans and Black Friday promotions helped the U.S. carrier post its highest quarterly subscriber additions in nearly two years.

The telecom firm added net 449,000 monthly bill-paying wireless phone subscribers in the last three months of 2023, blowing past estimates of 223,800 additions, according to Factset.