Verizon FIOS video subscribers down 37,000 in 2Q 2018
Tuesday, July 24th, 2018Verizon ends first-half 2018 with strong operating results
NEW YORK – Strong revenue momentum and operating results at Verizon Wireless highlighted second-quarter 2018 performance at Verizon Communications Inc. (NYSE, Nasdaq: VZ), which today reported EPS of $1.00 for the quarter.
Wireline
In second-quarter 2018, Verizon added a net of 43,000 Fios Internet connections, indicative of strong demand as customers value broadband connections more than ever. Verizon lost 37,000 Fios Video connections in second-quarter 2018 amid pressures from cord-cutting of video bundles.
Fios Video Connections
2016 2017 2018 -------------------------- -------------------------- ------------ 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- Total ('000) 4,678 4,637 4,673 4,694 4,681 4,666 4,648 4,619 4,597 4,560 Net Adds ('000) 43 (41) 36 21 (13) (15) (18) (29) (22) (37)
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