Verizon boosted its full-year outlook again as it continues to attract new customers. The mobile carrier's continued customer growth has prompted another upward revision to its financial guidance for the year.
The company also signed an AI deal valued at more than $2 billion with Amazon. The agreement marks a significant expansion of Verizon's technology partnerships as the carrier looks to build on its recent momentum.
Verizon, one of the largest mobile carriers in the United States, has been competing hard for subscribers in a crowded market. Its ability to add new customers while raising its forecast signals confidence in its existing business and in the value of its newer ventures.
The combination of a higher outlook and a major Amazon deal positions Verizon to take advantage of demand for artificial intelligence services. Investors will be watching closely to see how these developments translate into revenue and earnings in the coming quarters.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing