Verizon FIOS consumer video subscribers down 60,000 in 4Q 2024

NEW YORK – Verizon Communications Inc. (NYSE, Nasdaq: VZ) today reported strong operational and financial results for the fourth-quarter and full-year 2024, further extending its industry leadership with new products and services that continued to resonate with customers. With solid momentum on its strategy to grow connections and strengthen customer relationships, the company delivered on its 2024 financial guidance, demonstrating strong performance and success across its three priorities of growing wireless service revenue, expanding adjusted EBITDA and generating strong free cash flow.

Verizon Consumer

Consumer reported 216,000 fixed wireless net additions and 47,000 Fios Internet net additions in fourth-quarter 2024. Consumer Fios revenue was $2.9 billion in fourth-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  2,684
Net Adds        (74)   (69)   (78)   (62)   (68)   (65)   (74)   (60)