Verizon Adds Most New Customers in 2 Years in Mobile Turnaround

Verizon Communications Inc. added more retail mobile customers in the fourth quarter than it has in any period since 2021, signaling a potential turning point for the phone giant that has been struggling to regain market share from competitors.

Verizon’s consumer group added 318,000 mobile subscribers in the three months ended Dec. 31, the company reported Tuesday in a statement, beating Wall Street’s estimates of 95,900. The net gain, the first one after three down quarters, comes as the New York-based company works to win customers lost to rivals AT&T Inc. and T-Mobile US Inc.

Verizon had fallen ...