Verizon generates revenues of USD31.7bn in 3Q17

20 Oct 2017

Verizon Communications has reported total operating revenues of USD31.7 billion for the three months ended 30 September 2017, up 2.5% from USD30.9 billion year-on-year. Mobile unit Verizon Wireless contributed the lion’s share of the top-line figure, generating sales of USD21.6 billion in the period under review. Total operating income for the third quarter increased from USD6.5 billion to USD7.2 billion, while net income for 3Q17 remained flat at USD3.7 billion.

In operational terms, Verizon Wireless saw its user base climb from 113.676 million in 3Q16 to 115.274 million at end-September 2017, of which 96 million subscribers utilised LTE-capable devices. In terms of fixed line metrics, Verizon Communications claimed a total of 5.803 million fibre-optic ‘FiOS Internet’ subscribers and 4.648 million ‘FiOS Video’ IPTV connections at the end of the period under review. The telco’s overall broadband user base stood at 6.978 million at 30 September, with fixed voice accesses standing at 13.100 million at the same date.

United States, Verizon Communications, Verizon Wireless