2nd quarter earnings, two views

I was curious about why the message from Verizon sounded so different from the Wall Street Journal. I asked Google to explain the differences.

"Verizon's official corporate communications emphasize positive operational highlights like subscriber growth and adjusted earnings beats, whereas The Wall Street Journal provides a comprehensive financial evaluation that also factors in declining total revenue and non-operating joint-venture costs.

Verizon's Presentation: Focuses heavily on adjusted metrics, beating subscriber estimates (184,000 net postpaid phone additions), and raised full-year guidance.

The Wall Street Journal's Reporting: Highlights the complete picture, noting that total companywide revenue ticked down slightly year-over-year and quarterly profit was weighed down by significant costs (such as a $746 million loss from a joint venture with BT Group)."

I wonder if the truth lies somewhere between spin A and spin B

#Communication #Finance #Performance #Reporting

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Verizon to the Street: We are doing so good, our subscribers are up, we are increasing our dividends per share, we are growing the company, Play to Win, yeah.
Verizon to Employees: We are not doing well, we are losing customers, we are losing market share, we are losing revenue, your not using AI enough, expect more RIFs.

They lost it, and don't know how to get it back; that's the problem.

I just had Planet Networks do an install yesterday. Very reminiscent of what service and customer care used to be like here.

The company is all spin now.

"What makes a professional a professional is that they get the basics right every time!"

We need to go back and take care of the basics.

@bn if you consider normal business metrics a FUD, then I feel really uneasy if some VZ execs are thinking similarly

It's not like some ground shattering inovation, generational product refresh or research are going on in Verizon that would justify the bad figures which they glance over or classify them as "transitional". They can keep telling us the old, worn-out story about one time expenses like the desperate JV attempt.

In reality, similar "big one time spendings" are reported practically every quarter, so it's a BS - it's a pattern of a clueless management decisions.

It’s the same thing every quarter. The message gets even better when presented inside channel meetings . Nothing bad to report here! The rosy glow makes the execs feel better because no one knows what to do to fix the business .

@OP It's the age-old media business model. FUD attracts more eyes/ears than sunshine ever will.

Thread regarding Verizon Communications Inc. layoffs

2nd quarter earnings, two views

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