Verizon has posted revenue exceeding analyst expectations for the second quarter of 2025, as the US carrier reported revenue of $34.5 billion.

The figure represents an increase of 5.2 percent year on year.

Despite this, the company did post a net loss of 9,000 post-paid subscribers for the quarter.

However, the carrier saw strong growth for its Fixed Wireless Access (FWA) customer base, adding 278,000 in the second quarter.

This has taken the company to more than 5.1 million FWA subscribers, and on track to meet its target of 8-9 million FWA subscribers by 2028.

"Verizon's strong second-quarter financial performance reflects our high-quality, industry-leading customer base, our multiple growth paths, the success of our disciplined, segmented approach, and the inherent strength of our company,” said Verizon chairman and CEO Hans Vestberg.

Frontier acquisition on track

Verizon also outlined strong growth for its broadband subscriber base, adding 293,000 customers for the quarter. The carrier currently has more than 12.9 million broadband connections, up 12.2 percent YoY.

The company also acknowledged its pending $20 billion acquisition of Frontier Communications, noting that it expects the deal to complete during the first quarter of next year.

"Our fiber build is tracking ahead of plan, and we're positioned to deliver 650,000 incremental passings this year. Meanwhile, the regulatory approval process for our pending acquisition of Frontier is progressing as planned," said Vestberg during the earnings call. "We're encouraged by Frontier's performance and look forward to closing the transaction to further accelerate our fiber expansion."

The Federal Communications Commission cleared the acquisition in May after Verizon agreed to end its diversity, equity, and inclusion programs (DEI).

Vestberg said that Frontier's fiber network will serve as a "catalyst" for Verizon's fiber expansion plans.

Verizon also noted that its fiber network will serve to support capabilities such as AI.

"As AI transitions from centralized training to widespread real-time application, compute power at the network Edge becomes essential. Our existing infrastructure is uniquely positioned to support this evolution," said Vestberg.

During the earnings call, Vestberg also fielded some questions around spectrum availability, noting that Verizon is content with its current spectrum holdings.

Vestberg said that Verizon is "sitting in a really good position on spectrum," and is continuing to deploy the spectrum it has in the C-band and millimeter wave.

He does, however, want to see more spectrum available as 6G nears.

"We feel good about the position we have. And we are encouraged that the government is planning over time to bring more spectrum to the market for the competitiveness of the United States of America."