Verizon Wireless Q3 performance: 6% increase in revenue, 93.2 million customers

Verizon Communications announced its Q3 2010 earnings this morning and, buried in that spreadsheet, are the results for the Vodafone, Verizon joint venture that is Verizon Wireless. The company reported 997,000 net additions for the quarter along with a minuscule retail postpaid churn of 1.07%. Total revenue increased by 6% from the third quarter of last year and Verizon Wireless’ customer base now stands at 93.2 million. Other notable facts from the report:

  • Data revenue increased 5.2% year-over-year
  • Cash expense per customer was down to $26.88 from $27.59 the previous year
  • During Q3, Verizon sent more than 183 billion text messages, 3.8 billion picture messages, and saw users complete 22 million music/video downloads

Hit the read link to check out the entire report.

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