We also posted a 20% increase in the percentage of new customers taking gig-plus speeds, which lifted our overall speed tier mix and helped drive higher connect RPU. Beyond Orlando, we're executing against a strong pipeline of new opportunities to serve more guests. We just closed our most successful upfront ever with record total sales and our largest sports commitments to date. To better reflect this premium content, we recently announced a $3 price increase rolling out in July for new subscribers and in late August for existing ones.
We're doing it while maintaining a strong balance sheet and returning meaningful capital to shareholders. Collectively, these businesses represent nearly 60% of our total revenue and grew at a high single-digit rate this quarter. Adjusted EPS grew 3% to $1.25, and we generated $4.5 billion of free cash flow while returning $2.9 billion to shareholders, including $1.7 billion in share repurchases. In addition, we've seen a 20% increase in the share of new connects choosing our premium gig-plus speeds.
Convergence revenue sustained healthy growth as well, up 3.7% in the quarter, supported by high teens growth in wireless revenue. Turning to business services, revenue increased 6% and EBITDA grew nearly 5%. Our results this quarter include the acquisition of Nitel, which closed in early April. Our strong performance continues to reflect the same framework we've seen for the last several quarters, including solid growth in SMB and even stronger growth at our enterprise solutions business.
| Metric | Period | Current guidance |
|---|---|---|
| Broadband RPU growth | Balance of 2025 | Healthy growth, but moderating in the near term due to new everyday pricing rollout (Moderating) |
| Connectivity & Platforms EBITDA | Remaining quarters of 2025 | Investment and operational pivot to ramp; unable to grow EBITDA this year (Pressured) |
| Wireless net additions | Coming quarters | Continued acceleration in pace of net additions (Accelerating) |
| Cash tax benefit | Next several years (incl. 2025) | Roughly $1 billion annual benefit on average (New) |
| Peacock NBA rights cost | Starting Q4 2025 through the season | Full-year cost amortization (straight-lined) kicks in as the season starts in Q4 (New expense) |
| Metric | YoY | Note |
|---|---|---|
| Consolidated revenue | +2% | Benefit from the core six growth drivers, which represent nearly 60% of revenue and grew at a high single-digit rate |
| EBITDA | +1% | Growth driven by the six growth businesses, partly offset by the broadband go-to-market investment |
| Adjusted EPS | +3% to $1.25 | Revenue and EBITDA growth plus share repurchases |
| Parks revenue | +19% | Successful opening of Epic Universe on May 22nd |
| Parks EBITDA | +4% | Growth limited by soft opening costs at the new Epic park |
| Convergence revenue | +3.7% | Supported by high-teens growth in wireless revenue |
| Broadband RPU | +3.5% | Adoption of five-year price guarantee and 20% increase in share of new connects taking gig-plus speeds |
| Media advertising revenue | -7% | Volume and timing of sports content and tough political comparisons |
| Topic | Previous mention | Current period | Trend |
|---|---|---|---|
| Broadband competition | Intense | Remains intense; fixed wireless very active and fiber building more passings | Stable (elevated) |
| Wireless net adds | Prior best result | New record 378,000 lines | Accelerating |
| Broadband RPU growth | Healthy | 3.5%, expected to moderate | Decelerating |
| Peacock EBITDA losses | Larger losses | Loss of $100 million, ~$250M YoY improvement | Improving |
| Six growth drivers as share of revenue | 50% historically | Nearly 60%, heading toward 65-70% | Rising |