Verizon Reports Increased Revenue, Flat Profit for Q3
Verizon’s third-quarter earnings included a decrease in wireless revenue.
Verizon’s third-quarter earnings included a decrease in wireless revenue.
Rebounding from the impact of the wireline workers’ strike, Verizon added 90,000 FiOS Internet connections and 36,000 FiOS video connections during the quarter.
After enduring a seven-week wireline workers strike, Verizon reported drops in both profit and operating revenue for the second quarter.
Verizon has had to shift its management team to focus on current customer repair and maintenance, and away from new orders and installations.
Verizon Wireless ended Q1 with 112.6 million retail connections, a 3.7 percent year-over-year increase, and 107.2 million retail postpaid connections, a 4.4 percent year-over-year increase.
Verizon Wireless ended 2015 with 112.1 million retail connections, a 3.6 percent year-over-year increase.
The timing of the 30-second ads coincide with heated contract negotiations between Verizon and two unions that represent 39,000 workers in nine eastern states and the District of Columbia.
Wireless revenues rose year-over-year 5.3 percent to $22.6 billion, as Verizon added 1.1 million retail postpaid customers to end the three-month period with 109.5 million retail connections.
Even top-rated regional provider WOW and nationally distributed Verizon FiOS, which both got high marks for service satisfaction, rated middling or lower for value.
The provider’s average revenue per user has increased 7.1 percent.
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