Verizon FIOS consumer video subscribers down 80,000 in 4Q 2022

NEW YORK — Verizon Communications Inc. (NYSE, Nasdaq: VZ) closed 2022 with fourth-quarter results marked by wireless service revenue growth and the highest total wireless retail postpaid net additions in seven years.

Verizon Consumer

Consumer reported 262,000 fixed wireless net additions and 56,000 Fios Internet net additions in fourth-quarter 2022. For full-year 2022, Consumer reported 776,000 fixed wireless net additions and 199,000 Fios Internet net additions. Consumer Fios revenue was $2.9 billion in fourth-quarter 2022, flat year over year. Full-year 2022 Consumer Fios revenue was $11.6 billion, an increase of 0.6 percent from full-year 2021.

Fios Video Connections – Consumer (‘000):

                                       2021                        2022
                 --------------------------  --------------------------
                    1Q     2Q     3Q     4Q     1Q     2Q     3Q     4Q
                 -----  -----  -----  -----  -----  -----  -----  -----
Consumer
  Connections    3,772  3,710  3,642  3,573  3,495  3,409  3,314  3,234
  Net Adds        (82)   (62)   (68)   (69)   (78)   (86)   (95)   (80)