Verizon Communications, Inc. has just announced their Q2 earnings, and included in the massive statement is the results for Verizon Wireless (a venture owned by both Verizon Communications and Vodafone). What did Q2 look like for Big Red? Well, Verizon Wireless posted revenues of $16 billion (up 3.4% YoY), had an operating margin of 30.3% (up 2.5% from the previous quarter), and saw its churn rate drop slightly; down to 1.27%. The company added 1.4 million net customers (665,000 of which were postpaid), and now has a portfolio containing over 92.1 million customers coast-to-coast. We’ve got the full press release all linked up for you.
Related Articles
Verizon delivers mixed Q1 earnings, adds 539,000 postpaid subscribers
Study shows you're probably not getting the broadband speeds you're paying for
Verizon's Galaxy S5 plagued with huge bug that has no fix
Verizon to finally roll out KitKat for the Galaxy S4 on May 2nd
Verizon sends email on customer's behalf without telling him as part of sleazy PR campaign
