Verizon 2019 revenues reach USD131.9bn

31 Jan 2020

US telecoms giant Verizon Communications has reported total operating revenues of USD131.9 billion for the twelve months ended 31 December 2019, up from USD130.9 billion in 2018. Annual operating income for 2019 was reported at USD30.4 billion, compared to USD22.3 billion one year earlier, while net income climbed from USD16.0 billion to USD19.8 billion in the period under review.

In operational terms, Verizon’s Consumer unit closed out 31 December 2019 with 94.544 million wireless subscribers, 6.467 million broadband customers and 5.754 million fixed voice users. The telco’s Business unit, meanwhile, claimed 25.217 million wireless subscribers, 489,000 broadband customers and 4.959 million fixed voice accesses.

CEO Hans Vestberg commented: ‘Verizon delivered strong operational performance in the fourth quarter, highlighted by continued wireless customer growth in both Consumer and Business. In 2019, Verizon drove innovation in 5G, established a new operating structure and delivered solid financial results. We entered 2020 with great momentum as we expand our network leadership and remain focused on the customer to provide a best-in-class experience. Our 5G footprint continues to grow as we lead this era of transformational change by building these next-generation networks the right way.’

United States, Verizon Communications