Verizon FIOS video subscribers down 15,000 in 2Q 2017

NEW YORK – Strong operating results at Verizon Wireless highlighted second-quarter 2017 performance at Verizon Communications Inc. (NYSE, Nasdaq: VZ), which today reported EPS of $1.07 in the quarter.

Wireline

In second-quarter 2017, Verizon added a net of 49,000 Fios Internet connections and lost a net of 15,000 Fios Video connections. At the end of the quarter, Verizon had 5.7 million Fios Internet connections and 4.7 million Fios Video connections, year-over-year increases of 4.4 percent and 0.6 percent, respectively.

Fios Video Connections

                                       2016          2017
                 --------------------------  ------------
                    1Q     2Q     3Q     4Q     1Q     2Q
                 -----  -----  -----  -----  -----  -----
Total ('000)     4,678  4,637  4,673  4,694  4,681  4,666
Net Adds ('000)     43   (41)     36     21   (13)   (15)
Penetration      35.0%  34.6%  34.5%  34.3%  33.8%  33.4%