Verizon FIOS consumer video subscribers down 69,000 in 4Q 2021

NEW YORK — Verizon Communications Inc. (NYSE, Nasdaq: VZ) closed 2021 with another quarter of strong wireless service revenue growth and increased 5G phone adoption, as more than one in three Consumer wireless phone customers now have a 5G-capable device.

Consumer results

Consumer reported 51,000 Fios Internet net additions in fourth-quarter 2021, and 339,000 Fios Internet net additions in full-year 2021. Consumer Fios revenues were $2.9 billion in fourth-quarter 2021, an increase of 5.6 percent year over year. Consumer reported 69,000 Fios Video net losses in fourth-quarter 2021.

Fios Video Connections (‘000):

                                       2020                        2021
                 --------------------------  --------------------------
                    1Q     2Q     3Q     4Q     1Q     2Q     3Q     4Q
                 -----  -----  -----  -----  -----  -----  -----  -----
Consumer
  Connections    4,068  3,987  3,926  3,854  3,772  3,710  3,642  3,573
  Net Adds        (84)   (81)   (61)   (72)   (82)   (62)   (68)   (69)