Verizon FIOS consumer video subscribers down 68,000 in 3Q 2021

NEW YORK — Verizon Communications Inc. (NYSE, Nasdaq: VZ) reported third-quarter earnings today highlighted by revenue and customer growth as more than one in four Consumer wireless phone customers now have a 5G-capable device.

Consumer results

The quality and reliability of the company’s Fios service continued to drive strong demand as Consumer reported 98,000 Fios Internet net additions in third-quarter 2021. Consumer Fios revenues were $2.9 billion in third-quarter 2021, an increase of 4.3 percent year over year. Consumer reported 68,000 Fios Video net losses in third-quarter 2021.

Fios Video Connections (‘000):

                         2019                        2020                 2021
                 ------------  --------------------------  -------------------
                    3Q     4Q     1Q     2Q     3Q     4Q     1Q     2Q     3Q
                 -----  -----  -----  -----  -----  -----  -----  -----  -----
Consumer
  Connections    4,203  4,152  4,068  3,987  3,926  3,854  3,772  3,710  3,642
  Net Adds        (67)   (51)   (84)   (81)   (61)   (72)   (82)   (62)   (68)