Not to be outdone by its wireless and cable company rivals, Verizon (NYSE: VZ) reported strong 4Q22 results and offered a positive outlook for its 2023 operations. Despite some quarterly gyrations during 2022, one of the more closely watched performance metrics is subscriber net additions. In Verizon’s case, this metric applies to wireless retail comprising postpaid and prepaid subs, fixed wireless access, and wireline broadband under the company’s FiOS-branded fiber-to-the-home service.
For the year, the company had 2.2 million postpaid and prepaid wireless net adds, 1.2 million in 4Q alone, bringing its industry-leading total to 143.3 million wireless retail subscribers. Wireless service revenues for 2022 grew nearly 9 percent year-over-year to over $74 billion, accounting for 54 percent of the company’s total revenues. Continue Reading |
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