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Q3 report for Verizon is healthy, adds subscribers, makes money

Jamie Feltham
October 17, 2013

It’s Verizon’s turn for financial reports, and the company’s Q3 report postings are pretty positive.

The company has signed up a total of 1.1 million subscribers to its wireless services over the past three months. That takes its total user base to a rather staggering 101.2 million connections, with 95.2 million of those being postpaid. It also took $30.3 billion in revenue, which was a 4.4 percent increase over the same period last year. That made for $7.1 billion in profit.

It was also revealed through the Q3 report that over 99 percent of Verizon’s 3G network now had 4G coverage too. So anywhere you can get a Verizon signal, you’re pretty much guaranteed to get a 4G connection, serving some 303 million people.

The wireless arm of the company contributed $20.4 billion of that revenue, with was 7.2 percent higher than last year.

Headlines were recently made when Verzion bought back Vodafone’s chunk of the company. It would seem to be a smart move – the company is doing pretty well overall. This is the latest in a long line of successful quarters for them.

Source: Verizon

About the Author

Jamie Feltham

Videogamer, music listener, squash player, exerciser, technology journalister. Multimedia journalism graduate, writing for the What Mobile mag and website

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