Verizon reports record revenue growth in Q4, misses EPS estimates by a penny

By on January 24, 2012 at 8:08 AM.

Verizon reports record revenue growth in Q4, misses EPS estimates by a penny

Verizon on Tuesday reported its fourth quarter 2011 results. The company noted record revenue growth during the quarter, which it said was fueled by strong demand for wireless service. Revenue for the year totaled $110.9 billion, up 4% from 2010. Its quarterly revenue of $28.4 billion was up 7.7% from the same time period last year. Verizon Wireless, a joint venture between Verizon Communications and Vodafone, reported the highest number of retail net additions in three years driven by smartphone sales. Revenues tipped at $18.3 billion during the quarter, up 13% from the same period last year. Data revenues was up even higher year over year, at $6.3 billion, up 19.2% ($1 billion) from the same period one year prior. ARPU grew 2.6% to $53.14. Verizon also reported $0.85 EPS, down from $0.90 EPS in 2010. The carrier added a total of 1 million total net connections during the fourth quarter and 1.5 million retail customers, including 1.2 million retail postpaid customers. Postpaid churn was 0.94% for the quarter. Verizon’s full press release follows after the break.

More →

No Comments

Gene Munster: Android’s annual ARPU could be $10 in 2012

By on February 9, 2011 at 8:14 PM.

Gene Munster: Android’s annual ARPU could be $10 in 2012

Think Android isn’t creating a serious amount of cash for Google? Think again. According to Piper Jaffray analyst Gene Munster, the search giant’s free mobile operating system could generate as much as $1.3 billion in revenue for Google in 2012. With an estimated 133 million users, that’s an annual ARPU (average revenue per user) of roughly $9.85. Translation: every Android handset sold nets Google roughly $10 per year in ad revenues alone. Those are pretty impressive numbers. With over 300,000 new activations each time the calendar turns, Google continues to add nearly $3 million in mobile, ad-driven revenue to its bottom line… daily. If you’re going to give something away for free, that’s how to do it. More →

22 Comments

T-Mobile USA announces lackluster Q3 earnings

By on November 4, 2010 at 7:33 AM.

T-Mobile USA announces lackluster Q3 earnings

Today, T-Mobile USA announced earnings from its third quarter of 2010. How did the company do? Well, to be honest, the stat sheet looks pretty beige. The company is reporting service revenues of $4.71 billion which is flat to Q2 2010 and down 0.5% year-over-year. T-Mo reports 7.2 million of its 33.8 million total customers (~ 21%) are using smartphones — only 2.8 million were using smartphones as of Q3 2009. Magenta saw wireless additions totaling 137,000 and had a lower than expected OIBDA (Operating Income Before Depreciation And Amortization) of $1.32 billion (largely due to investments in its HSPA+ network). Churn was 2.4% and 7.2% for contract and non-contract customers respectively; ARPU (average revenue per user) was $47.

“I am very pleased with the development of blended data ARPU. Along with the growing number of smartphones, this demonstrates the potential of mobile broadband data growth in the US market and for T-Mobile USA in particular,” said René Obermann, Chief Executive Officer of Deutsche Telekom.

Hit the read link to read the full report. More →

23 Comments

AT&T, Verizon Wireless have 62% of U.S. mobile subscriber base

By on August 10, 2010 at 3:03 PM.

AT&T, Verizon Wireless have 62% of U.S. mobile subscriber base

A report filed by FierceMobileContent is filled with some pretty interesting statistics about the U.S. wireless market. According to the report, AT&T and Verizon Wireless raked in 75% of all mobile data revenue in Q2 of 2010 and account for 62% of the U.S. wireless customer base. Mobile data revenues grew 6% quarter-over-quarter (22% year-over-year) to $13.2 billion. The average U.S. wireless subscriber now consumes roughly 230 MB of data per month, up 50% year-over-year, with smartphones making up 31% of all U.S. mobile devices. Wireless data ARPU –average revenue per user — is now responsible for 31% of total operator APRU, a 4% increase quarter-over-quarter. We’re curious, what percentage of your mobile phone bill is for actual voice services? We’re around 40% for voice and 60% for data/other. More →

45 Comments

Verizon posts its Q1 results

By on April 22, 2010 at 5:01 PM.

Verizon posts its Q1 results

verizon-wireless-logo1

Yesterday, AT&T had its say by announcing its Q1 2010 results, so it is only fitting today is Verizon’s turn. Unfortunately for Big Red, it didn’t fare as well as Ma Bell. Over the past three months, 423,000 new post-paid customers put ink to a contract. Overall, Verizon gained 1.5 million net customers to bring its overall total to 92.8 million. Postpaid churn matched AT&T’s 1.07%, while the overall rate was 1.4%. ARPU overall remained unchanged from Q1 2009 at $50.95 thanks in part to a 19.6% gain in data ARPU to $17.06 which helped offset the lower ARPU for traditional voice services. Revenue as a whole was up 4.4% to $15.8 billion. Service revenues were only slightly up, but once again, retail data proved to be a proficient money-maker increasing 25.6% to $4.5 billion. More →

73 Comments

AT&T's wireless division posts solid gains in Q1

By on April 21, 2010 at 11:23 AM.

AT&T's wireless division posts solid gains in Q1

new-att-logo2

For all that’s been said in the past year about the poor performance of AT&T’s network, it seems the average person simply doesn’t care, as AT&T just announced its Q1 2010 results and — surprise! — the wireless division fared very well. Here are the key takeaways. AT&T gained 1.9 million subscribers (a Q1 record) and now has 87 million souls subscribers. Wireless service revenue was up 10.3% from the same time last year at $12.8 billion while wireless data revenue, which totalled $4.1 billion, was up 29.8% from Q1 2009. Post-paid ARPU increased to $61.89 while data ARPU moved up $20.13. Post-paid churn fell to a record low of 1.07% while the overall churn rate decreased to 1.30%. All in all, 2.7 million iPhones were activated (1/3 of them to new AT&T customers) alongside 3.3 million “3G integrated devices” (ie. touchscreen or QWERTY). Integrated devices are now in the hands of roughly half of AT&T’s 65.1 million post-paid customers and have an ARPU 1.7 times higher than other customers.

Think AT&T will be able to keep up the pace? More →

117 Comments