Verizon FIOS video subscribers up 36,000 in 3Q 2016

Thursday, October 20th, 2016
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NEW YORK — Third-quarter 2016 earnings at Verizon Communications Inc. (NYSE, Nasdaq: VZ) showed continued strong profitability and customer loyalty at Verizon Wireless, and renewed customer growth for Fios fiber-optic services.

Wireline

Total revenues for Fios services grew 4.4 percent, to $2.8 billion, comparing third-quarter 2016 with third-quarter 2015. Rebounding from net connection declines in second-quarter 2016 due to a work stoppage, Verizon added a net of 90,000 Fios Internet connections and 36,000 Fios Video connections in third-quarter 2016.

FiOS Video Connections (‘000)

            2014                        2015                 2016
           -----  --------------------------  -------------------  
              4Q     1Q     2Q     3Q     4Q     1Q     2Q     3Q
           -----  -----  -----  -----  -----  -----  -----  -----
Total      4,453  4,535  4,565  4,610  4,635  4,678  4,637  4,673
Net Adds     101     82     30     45     25     43   (41)     36