Verizon FIOS video subscribers down 18,000 in 3Q 2017

NEW YORK – Building on momentum from second-quarter 2017, Verizon Communications Inc. (NYSE, Nasdaq: VZ) delivered strong results in third-quarter 2017, both adding and retaining wireless customers, and generating significant cash flow.

Wireline

In third-quarter 2017, Verizon added a net of 66,000 Fios Internet connections and lost a net of 18,000 Fios Video connections, reflecting the ongoing shift from traditional linear video to over-the-top offerings. At the end of the quarter, Verizon had 5.8 million Fios Internet connections and 4.6 million Fios Video connections.

Fios Video Connections

                                       2016                 2017
                 --------------------------  -------------------
                    1Q     2Q     3Q     4Q     1Q     2Q     3Q
                 -----  -----  -----  -----  -----  -----  -----
Total ('000)     4,678  4,637  4,673  4,694  4,681  4,666  4,648
Net Adds ('000)     43   (41)     36     21   (13)   (15)   (18)
Penetration      35.0%  34.6%  34.5%  34.3%  33.8%  33.4%  32.9%