Verizon Reports Record Q2 Results on 5G Growth Verizon has reported its Q2 earnings, breaking records on strong 5G growth. Verizon reported revenue of $33.8 billion, a 10.9% increase from the year-ago quarter, and up 5.3% from Q2 2019. The company added 275,000 phone net additions, and reported one of its lowest churn rates in recent years, at a mere 0.65% for retail postpaid phones. The company attributed much of its success to the increased adoption of 5G phones and services, no doubt aided by the company’s recent aggressive 5G upgrade campaign. “We are executing on our multipurpose network strategy and producing positive results in each of our five growth vectors, recording strong second quarter results. With more connections on our network than anyone else, our already excellent network performance improved in the quarter and was recognized by RootMetrics as the best overall network performance for the 16th time in a row. We are also expanding our 5G Ultra Wideband and 5G Home markets,” said Verizon Chairman and CEO Hans Vestberg. “We are excited about our momentum leading into the second half of the year. We are on track to close both the Tracfone and Verizon Media transactions, and will continue to bring value and choice to our customers.”