Verizon Shows Flat Revenue But An Increase in Mobile Subscribers

Verizon has released their 3rd quarter 2017 financial results and they are a mixed bag. Revenue for the company rose by a mere 2.5% to $31.7 billion in the quarter when compared to the same quarter in 2016. The company’s consolidated operating income margin for the quarter was 22.7% with a net income of $3.7 billion. The financial report also reflects the completed acquisition of Yahoo, now under the name of Oath. That was a $4.48 Billion charge on the company financials but the newly formed division of Yahoo and AOL generated revenue of $2 Billion.
Must of the generated revenue for Verizon came from new postpaid mobile subscribers. In Q3 they added 603,000 with a churn of .97%. That means there was a net add of 486,000 subscribers. The churn figure is critical to any carrier as it reflects how many customers are staying with the company. The lower the better.





