Verizon FIOS consumer video subscribers down 62,000 in 2Q 2021

NEW YORK — Verizon Communications Inc. (NYSE, Nasdaq: VZ) reported second-quarter earnings today highlighted by an increase in 5G phone adoption, customer and sequential wireless service revenue growth, and superior network reliability.

Consumer results

The quality and reliability of the company’s Fios service continued to drive strong demand for broadband as Consumer reported 92,000 Fios Internet net additions in second-quarter 2021. Consumer Fios revenues of $2.9 billion in second-quarter 2021 were the highest since the company’s new operating structure was introduced in 2019. The company’s trailing 12-month total Fios Internet net addition performance is the highest since 2015. Consumer reported 62,000 Fios Video net losses in second-quarter 2021.

Fios Video Connections (‘000):

                                2019                        2020          2021
                 -------------------  --------------------------  ------------
                    2Q     3Q     4Q     1Q     2Q     3Q     4Q     1Q     2Q
                 -----  -----  -----  -----  -----  -----  -----  -----  -----
Consumer
  Connections    4,270  4,203  4,152  4,068  3,987  3,926  3,854  3,772  3,710
  Net Adds        (52)   (67)   (51)   (84)   (81)   (61)   (72)   (82)   (62)