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Verizon Reveals Q1 2018 Earnings with Results that Exceed Expectations

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Earlier today, Verizon Wireless unveiled its Q1 2018 earnings.

The result of its earnings showed a mix of numbers for the wireless carrier. But as a whole, many analysts from Wall Street believe that Verizon is making progress on positioning itself in this industry.

On the postpaid side, the wireless carrier reported gains of 359,000 connected devices combined with a loss of 24,000 phone lines and 75,000 tablets for a total gain of 260,000 retail postpaid customers this quarter. Postpaid smartphone net additions were 220,000.

Although Verizon lost 24,000 postpaid mobile phone customers during Q1, that's an improvement over the 289,000 customers that the company lost during the same period last year. It's also better than the 50,000 losses that Oppenheimer analysts had predicted for Q1.

Verizon lost 335,000 prepaid customers last quarter, far more than the 17,000 prepaid losses that analysts expected. As a result of the prepaid loses, the company's total retail connections dropped by 75,000 for the quarter.  Analysts from Wall Street firm, Oppenheimer, believe that the loss was  a result of the wireless network's decision to emphasize the more profitable postpaid sector over prepaid.

The company is determined that they are currently on track for positive growth. Analysts agree with this mindset and believe that Verizon's unlimited wireless service is a better offering than its competitors. Together with its reductions on expenses, these are the things that led the company to have steady results this quarter.


Source: Fierce Wireless

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11 comments:

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  1. analysts agree that a "mindset" will bring positive growth... and the "belief" that vzw offers a better offering than competitors... now that's too funny... when did analysts turn in to fortune tellers? i guess they'll say anything not to expose vzw over priced plans and crappy lte

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    1. The funny thing about analysts is that they have jobs whether they are right or wrong.

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  2. They better have good numbers for what they charge! Oh, I Know they are "the best" but their coverage isn't THAT much better to justify paying e.g. double the other guys.

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  3. They can charge double the other guys if you are in an area where you have no other options. I sometimes travel to upstate NY and mostly get coverage with t-mobile. Except at the house I visit I need to use the wifi calling. It is no problem at all. Just a small added step to turn on wifi but it is well worth the discounted services.

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  4. What is drawing customers to their "other connected devices" category? What exactly are these devices?

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    1. Connected devices is IoT. Connected cars, surveillance cameras,industrial process and tank level monitoring, shipment and vehicle tracking, smartwatches, gas and electric smart meters and hundreds of other, mostly business, uses.

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  5. They still don't offer unlimited data at an affordable price point, so Big Red's pretty much dead to me.

    Their only hook is if you can't get good coverage with any other carrier, which just goes to show how uncompetitive they still are.

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  6. Overrated and overpriced. The only thing you are paying extra for is their egomaniacal and narcissistic corporate employee's salaries. All the other carriers now have close to the same coverage and much more competitive, cost effective plans on some level or another.

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    1. Ha ha ha. Thanks for the good laugh. "All the other carriers" put together can't touch Verizon's native coverage alone. That's why they keep printing cash quarter after quarter despite increasing competition and the trend of decreasing ARPU. What good is a "more competitive, cost effective plan" when you have NO SERVICE on your devices?

      Verizon remains #1 for good reason. Now go back to the Tea Mobile board room and salivate on that.

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    2. Glad you like being a red fanboy, RED has NO SERVICE where I live. Along a state route, mind you! Guess the corporate employees need to get off their chairs and get on the ball!

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    3. The Great Fran Scammo has joined us today! Slow day in the boardroom swimming in all that stolen money, time to come here and troll. Hey, Fran...what did Lowell have for lunch yesterday, since you're up there? LOL...I get service everywhere on Cricket, unlimited for $35 a month with no tax or fees, thank you to AT&T for figuring "it" out. Well, Fran, it's been fun chatting with you again. I'd love to tell you I miss you and your $120 single-line monthly bill you used to send me, but I don't. Best wishes...LOL.

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