strapped neckline: Verizon releases Q4 results, sees jump in revenue, broadband subscribers, net loss

Wednesday, January 25, 2012

Verizon releases Q4 results, sees jump in revenue, broadband subscribers, net loss

Verizon has just come out with its Q4 results this morning, ending the fiscal year with yet another solid revenue report, and a decidedly less rosy net loss. According to the provider, total revenue reached $18.3 billion during the final quarter of 2011, up 13 percent from last year. Verizon saw a particularly notable spike in data revenue, which reached $6.3 billion, representing a 19.2 percent increase over the year, and comprising nearly 42 percent of all revenue. Overall, though, VZW finished the quarter with a net loss of $2.02 billion, compared to the $2.64 billion profit it saw last year. The company also saw an increase in its subscriber base, adding 98,000 broadband customers in the span of a quarter, including 201,000 FiOS internet users, 194,000 new FiOS video subscribers, and a net addition of 1.2 million postpaid customers. As far as demographics go, smartphones now comprise a full 44 percent of Verizon's consumer base, up from 39 percent last quarter. For the full year, total revenue finished at $70.2 billion, up 10.6 percent from Big Red's 2010 figures. For more stats and breakdowns, check out the full PR after the break.

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Verizon releases Q4 results, sees jump in revenue, broadband subscribers, net loss originally appeared on Engadget on Tue, 24 Jan 2012 07:52:00 EDT. Please see our terms for use of feeds.

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