Verizon FIOS video subscribers down 53,000 in 1Q 2019

Verizon reports strong 1Q operational performance, while raising earnings guidance for full-year 2019

NEW YORK — As the 5G mobility era begins, Verizon Communications Inc. (NYSE, Nasdaq: VZ) today reported first-quarter 2019 results highlighted by continued wireless service revenue growth and strong earnings per share.

Wireline

Total Fios revenues grew 3.6 percent year over year to $3.1 billion. In first-quarter 2019, Verizon added a net of 52,000 Fios Internet connections and lost a net of 53,000 Fios Video connections, continuing to reflect the shift from traditional linear video to over-the-top offerings.

Fios Video Connections

                                       2017                        2018   2019
                 --------------------------  --------------------------  -----
                    1Q     2Q     3Q     4Q     1Q     2Q     3Q     4Q     1Q
                 -----  -----  -----  -----  -----  -----  -----  -----  -----
Total ('000)     4,681  4,666  4,648  4,619  4,597  4,560  4,497  4,451  4,398
Net Adds ('000)   (13)   (15)   (18)   (29)   (22)   (37)   (63)   (46)   (53)