Verizon FIOS video subscribers down 13,000 in 1Q 2017

NEW YORK — Verizon Communications Inc. (NYSE, Nasdaq: VZ) today reported first-quarter 2017 results highlighted by strong wireless profitability and customer loyalty as the company introduced its Verizon Unlimited pricing option, and revenue growth for Fios broadband and Internet of Things (IoT) services.

Wireline

In first-quarter 2017, Verizon added a net of 35,000 Fios Internet connections and lost a net of 13,000 Fios Video connections. At the end of first-quarter 2017, Verizon had 5.7 million Fios Internet connections and 4.7 million Fios Video connections, year-over-year increases of 3.3 percent and 0.1 percent, respectively.

Fios Video Connections

                                       2015                        2016   2017
                 --------------------------  --------------------------  -----
                    1Q     2Q     3Q     4Q     1Q     2Q     3Q     4Q     1Q
                 -----  -----  -----  -----  -----  -----  -----  -----  -----
Total ('000)     4,535  4,565  4,610  4,635  4,678  4,637  4,673  4,694  4,681
Net Adds ('000)     82     30     45     25     43   (41)     36     21   (13)
Penetration      35.8%  35.5%  35.4%  35.1%  35.0%  34.6%  34.5%  34.3%  33.8%