Verizon adds 169,000 FiOS Video connections in 1Q 2013

Thursday, April 18th, 2013
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NEW YORK — Verizon Communications Inc. (NYSE, Nasdaq: VZ) today reported strong first-quarter 2013 earnings growth, driven by record margins at Verizon Wireless and continued strong cash flow and year-over-year revenue increases for wireless, FiOS and strategic enterprise services.

Verizon’s Wireline segment reported continued strong FiOS customer, market share and revenue growth in first-quarter 2013, leading to overall growth in consumer revenues. In enterprise and wholesale, increased sales of global enterprise strategic services continued to help mitigate lower revenues resulting from secular and global economic impacts.

Verizon added 188,000 net new FiOS Internet connections in first-quarter 2013, marking the third consecutive quarter of sequential growth in net customer additions. The company also added 169,000 net new FiOS Video connections in the quarter. Verizon had a total of 5.6 million FiOS Internet and 4.9 million FiOS Video connections at the end of the quarter, representing year-over-year increases of 12.0 percent and 12.5 percent, respectively.

FiOS Video Subscribers (‘000)

                               2011                        2012   2013
                -------------------  --------------------------  -----
                   2Q     3Q     4Q     1Q     2Q     3Q     4Q     1Q
                -----  -----  -----  -----  -----  -----  -----  -----
Connections     3,848  3,979  4,173  4,353  4,473  4,592  4,726  4,895
Net Add Detail    184    131    194    180    120    119    134    169