Verizon FIOS consumer video subscribers down 74,000 in 3Q 2024

NEW YORK — Verizon Communications Inc. (NYSE, Nasdaq: VZ) reported third-quarter 2024 results today with customer growth in mobility and broadband. The company also continued its momentum in its three financial priorities of wireless service revenue, consolidated adjusted EBITDA and free cash flow.

Verizon Consumer

Consumer reported 209,000 fixed wireless net additions and 39,000 Fios Internet net additions in third-quarter 2024. Consumer Fios revenue was $2.9 billion in third-quarter 2024. Verizon Consumer reported 74,000 Fios Video net losses in third-quarter 2024.

Fios Video Connections – Consumer (‘000):

                                     2021                        2022
               --------------------------  --------------------------
                  1Q     2Q     3Q     4Q     1Q     2Q     3Q     4Q
               -----  -----  -----  -----  -----  -----  -----  -----
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)

                                     2023                        2024
               --------------------------  --------------------------
                  1Q     2Q     3Q     4Q     1Q     2Q     3Q     4Q
               -----  -----  -----  -----  -----  -----  -----  -----
Connections    3,160  3,091  3,013  2,951  2,883  2,818  2,744
Net Adds        (74)   (69)   (78)   (62)   (68)   (65)   (74)