Following AT&T’s impressive performance in the first quarter of this year, we’ve been anxiously awaiting Big Red’s numbers to see how the nation’s largest carrier performed in Q1. The numbers are in as of this morning and Verizon’s performance was nothing short of impressive. Revenue in the quarter slid in at $26.6 billion — an 11.6 percent climb from the same quarter last year — and cash flow came in at $6.4 billion, up almost 20 percent YoY. Subscriber numbers were impressive as well: Starting with wireless, Big Red is now home to 86.6 million wireless customers. Verizon netted 1.3 million new subscribers excluding the Alltel acquisition, beating AT&T by about 100,000. Who needs the iPhone? Wireline business growth was solid as well, as the company pulled in 299,000 net new FiOS TV customers and 298,000 net new FiOS Internet customers.
Verizon adds 1.3mm wireless subs, 300k FiOS subs; Q1 earnings strong
Updated Dec 19th, 2018 6:18PM EST
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Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
