Verizon FIOS video subscribers down 51,000 in 4Q 2019
Thursday, January 30th, 2020NEW YORK — Verizon Communications Inc. (NYSE, Nasdaq: VZ) closed 2019 with strong fourth-quarter results highlighted by earnings growth and the most fourth-quarter phone net additions in six years.
Consumer
Consumer reported 35,000 Fios Internet net additions and 51,000 Fios Video net losses in fourth-quarter 2019, reflecting the ongoing shift from traditional linear video to over-the-top offerings. Consumer Fios revenues remained relatively flat, primarily due to the demand for broadband offerings, offset by the impact of video subscriber losses.
Fios Video Connections (‘000):
2018 2019 -------------------------- -------------------------- 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q ----- ----- ----- ----- ----- ----- ----- ----- Consumer Connections 4,525 4,487 4,423 4,377 4,322 4,270 4,203 4,152 Net Adds (23) (38) (64) (46) (55) (52) (67) (51) Business Connections 72 73 74 74 76 76 77 77 Net Adds 1 1 1 - 2 - 1 - Total Connections 4,597 4,560 4,497 4,451 4,398 4,346 4,280 4,229 Net Adds (22) (37) (63) (46) (53) (52) (66) (51)
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