0
General

Verizon revenues go 0.9% higher in Q3, boosted by mobile, subscriber gains

Friday 25 October 2019 | 14:59 CET | News
Verizon said revenues for the third quarter rose 0.9 percent from the year earlier to USD 32.9 billion, helped by higher revenues at mobile, partially offset by lower mobile equipment revenue and declines in legacy wireline revenue, mainly in the Business segment. Earnings per share for the quarter lifted to USD 1.25 from 1.19, while adjusted EPS advanced to USD 1.25 from 1.22. The adjusted EBITDA amounted to USD 12 billion while the net profit improved gently to USD 5.3 billion from 5.0 billion. Year-to-date capex amounted to 12.3 billion. Year-to-date debt was reduced by USD 3.5 billion.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Verizon
Countries: United States
::: add a comment
This article is part of dossier

5G


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Verizon lifts revenues 1.4% in Q4 helped by solid consumer, mobile customer gains

Published 30 Jan 2020 14:16 CET | United States
Verizon reported a strong set of results for the fourth quarter, helped by the most phone net additions for a Q4 in six years, ...

Verizon expands enterprise SD WAN portfolio with Co Management service level

Published 07 Nov 2019 09:00 CET | World
Verizon announced a new level of service – 'Co Management' – for its SD WAN managed services portfolio. Verizon said its service ...

AT&T, Sprint, Verizon create venture to modernise SMS text to RCS standard

Published 25 Oct 2019 09:33 CET | United States
AT&T, Sprint, T-Mobile US and Verizon have taken the first steps to modernise SMS texts to GSMA's Rich Communications Service ...

Verizon, Corning co-innovate with 5G to create factory of future

Published 23 Oct 2019 16:35 CET | United States
Verizon installed 5G Ultra Wideband service in Corning's fibre optic cable manufacturing facility in Hickory, North Carolina. ...

Verizon, SAP co-develop IoT analytics products

Published 23 Oct 2019 16:31 CET | United States
Verizon and SAP SE entered a collaboration that will enable applications to process data where it's generated – from an assembly ...

Verizon to offer 12 months free Disney+ at launch

Published 22 Oct 2019 15:25 CET | United States
Verizon announced a deal with the Walt Disney Company to offer Disney+ free for 12 months to Verizon customers. Verizon mobile ...

Verizon 5G Home Internet is coming to Chicago

Published 21 Oct 2019 14:40 CET | United States
Verizon's 5G Home Internet will become available from 24 October in parts of Chicago, bringing the total number of cities covered ...

Verizon creates 5G edge technology for VR applications

Published 21 Oct 2019 09:17 CET | United States
Verizon said its 5G lab recently built and tested an independent GPU-based orchestration system and developed enterprise mobility ...

Verizon brings 5G service to new basketball, hockey arenas

Published 21 Oct 2019 08:31 CET | United States
Verizon said it launched 5G at three major basketball and hockey arenas, Phoenix's Talking Stick Resort Arena, San Francisco's ...

Verizon expands Virtual Network Services portfolio with uCPE

Published 17 Oct 2019 08:59 CET | United States
Verizon teamed up with Lanner Electronics, a specialist in whitebox products for network communication, security, and NFV/SDN ...

Verizon approves use of Emite's OTA platform for 5G testing

Published 14 Oct 2019 09:13 CET | Spain
Spanish over-the-air testing company Emite announced that Verizon Wireless has approved use of its H-Series CATR 5G CATR OTA test ...

Verizon, NEC use optical sensor technology to collect info on city traffic

Published 08 Oct 2019 08:39 CET | United States
Verizon and NEC held a proof-of-concept field trial during which they managed to use network infrastructure with existing fibre ...

Verizon, Tom Tom co-innovate to help improve public safety with 5G

Published 03 Oct 2019 10:20 CET | United States
TomTom and Verizon announced a 5G innovation project focused on making intersections safer for emergency vehicles. The ...

Verizon buys software and technology of AR specialist Jaunt

Published 01 Oct 2019 09:33 CET | World
Verizon has bought the software and technology of augmented reality content delivery start-up Jaunt XR, as well as some other of ...

Verizon tests autonomous vehicle safety features with 5G network at Mcity

Published 10 Sep 2019 13:56 CET | United States
Verizon said its 5G Ultra Wideband network is now live at the Mcity Test Facility, located at the University of Michigan. Verizon ...

Verizon revenues dip lower in Q2 on lower handset, wireline sales

Published 01 Aug 2019 14:51 CET | United States
Verizon reported a 0.4 percent fall in second-quarter revenues to USD 32.1 billion, hurt by lower handset sales and wireline ...





Calendar   /   Industry Events

07 Aug Starhub Q2 2020
07 Aug O2 Czech Republic Q2 2020
07 Aug TDS, US Cellular Q2 2020
07 Aug Dish Network Q2 2020
10 Aug Gogo Q2 2020
10 Aug Ceva Q2
10 Aug Sohu Q2 2020
10 Aug Avaya fiscal Q3
10 Aug Synchronoss Q2
10 Aug ON Semiconductor Q2 2020
10 Aug Pixelworks Q2 2020
11 Aug Radcom Q2 2020
11 Aug Rakuten Group Q2
11 Aug Lumentum fiscal Q4
11 Aug Viavi fiscal Q4
11 Aug NTT fiscal Q1
12 Aug China Unicom Q2 2020
12 Aug Freenet Q2 2020
12 Aug Tencent Q2 2020
12 Aug Cisco fiscal Q4
12 Aug Tecnotree H1 2020
13 Aug Singtel fiscal Q1
13 Aug Deutsche Telekom Q2 2020
13 Aug Swisscom Q2 2020
13 Aug Telstra FY results
13 Aug RTL Group Q2 2020
13 Aug Teleste Q2 2020
13 Aug iQiyi Q2 2020
13 Aug China Mobile H1 2020
13 Aug United Internet H1 2020
::: More Calendar Items