Verizon FIOS consumer video subscribers down 74,000 in 1Q 2023

NEW YORK — Verizon Communications Inc. (NYSE, Nasdaq: VZ) reported first-quarter results today highlighted by increased cash flow and the largest number of total broadband net additions in more than a decade.

Verizon Consumer

Consumer reported 256,000 fixed wireless net additions and 63,000 Fios Internet net additions in first-quarter 2023. Consumer Fios revenue was $2.9 billion in first-quarter 2023, a decrease of 0.8 percent year over year.

Fios Video Connections – Consumer (‘000):

                                       2021                        2022   2023
                 --------------------------  --------------------------  -----
                    1Q     2Q     3Q     4Q     1Q     2Q     3Q     4Q     1Q
                 -----  -----  -----  -----  -----  -----  -----  -----  -----
Consumer
  Connections    3,772  3,710  3,642  3,573  3,495  3,409  3,314  3,234  3,160
  Net Adds        (82)   (62)   (68)   (69)   (78)   (86)   (95)   (80)   (74)