Verizon FIOS video subscribers down 29,000 in 4Q 2017

NEW YORK — Verizon Communications Inc. (NYSE, Nasdaq: VZ) closed 2017 with another quarter of strong Verizon Wireless customer growth and retention, and with core and emerging businesses positioned for 2018 and beyond.

Wireline results

In fourth-quarter 2017, Verizon added a net of 47,000 Fios Internet connections and lost a net of 29,000 Fios Video connections, continuing to reflect the shift from traditional linear video to over-the-top offerings. At year-end 2017, Verizon had 5.9 million Fios Internet connections and 4.6 million Fios Video connections.

Fios Video Connections

                                       2016                        2017
                 --------------------------  --------------------------
                    1Q     2Q     3Q     4Q     1Q     2Q     3Q     4Q
                 -----  -----  -----  -----  -----  -----  -----  -----
Total ('000)     4,678  4,637  4,673  4,694  4,681  4,666  4,648  4,619 
Net Adds ('000)     43   (41)     36     21   (13)   (15)   (18)   (29)
Penetration      35.0%  34.6%  34.5%  34.3%  33.8%  33.4%  32.9%  32.3%