It lost 68,000 monthly bill-paying wireless phone subscribers between January and March - a seasonally soft period for the industry after the holiday quarter.
Verizon has also partnered with streaming services to attract customers.
Verizon's consumer business saw its best first-quarter performance since 2018, with 158,000 wireless retail postpaid phone net losses, compared with 263,000 losses a year ago.
The firm reported revenue of $33 billion for the quarter, compared with an LSEG estimate of $33.24 billion, as phone upgrade levels continued to drift lower.
Excluding items, the company reported a profit of $1.15 per share, beating an LSEG estimate of $1.12 per share.
Persons:
Max, Hans Vestberg, Verizon's
Organizations:
Verizon Communications, Netflix, Warner Bros, The, Verizon
Locations:
The New York