Verizon reports a big boost in wireless subscribers

TechCrunch | 8/1/2019 | Staff
loranseen (Posted by) Level 3
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Verizon reported its second quarter earnings this morning, and while revenue fall short of analyst predictions, the company had strong profits and subscriber growth.

Verizon reported consolidated revenue of $32.1 billion in Q2, down 0.4% year-over-year and lower than analyst estimates of $32.4 billion. However, it also reported adjusted earnings per share of $1.23, compared to analyst predictions of $1.20 (which was Verizon’s EPS a year ago).

Company - Growth - Wireless - Subscribers - Addition

The company saw significant growth in wireless subscribers, with a total net addition of 451,000 subscribers, including 420,000 net adds on the smartphone side and 245,000 on the phone side (compared to a net addition of 199,000 phone subscribers in Q2 2018).

Meanwhile, the Fios internet business saw 34,000 net additions, with revenue growing 1.9% year-over-year.

Breaking it down by...
(Excerpt) Read more at: TechCrunch
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