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Q3 earnings: T-Mobile inches closer to overthrowing Verizon

Carrier News StaffOctober 29, 2025
VerizonT-Mobile
Verizon logo over beige background

Verizon has released its Q3 earnings report for 2025. The carrier's overall outlook has improved but it has continued to lose subscribers, albeit fewer than estimated.

Verizon's earnings totalled around $11.23 billion, lower than the expected $12.73 billion according to Investor's Business Daily. Overall, the company hasn't performed as poorly as some thought it would.

Market share continues to slip away from Verizon. T-Mobile reported large numbers of new subscribers for Q3 2025. It may not be long before the un-carrier overthrows Big Red, marking a big shift in the wireless industry of America.

New Verizon CEO Dan Schulman told Wall Street investors that the carrier was going to turn things around, that this wasn't a permanent state of helplessness. Schulman believes Verizon is falling short of its potential, but promised that it would make it up to investors soon.

He believes Verizon can do this by "having the best overall value proposition and delighting our customers across all elements". Schulman also said Verizon would "win fairly".

Verizon has had a few rough years. It has lost subscribers, received backlash due to new policies, and a large portion of subscribers claim the carrier's service is terrible compared to AT&T and T-Mobile.

Verizon Q3 2025 earnings report poster

Verizon reported its Q3 2025 earnings today.

How this affects you

Verizon's falling market share means the carrier may raise prices to retain investor trust. Wall Street analysts believe the wireless industry is about to see strict competition.

This can lead to short term better prices on T-Mobile and Verizon but may ultimately turn out to be a net loss for subscribers in the country. If you're a Verizon customer, your best bet is to hope you're not part of any new bill readjustments.

Verizon's subscribers aren't strangers to unexpected pricing revisions, but the carrier's position in the industry may mean even tougher times ahead.

Images courtesy of Verizon

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