Verizon Wireless nets $12.1B revenue in Q2

Verizon Wireless nets $12.1B revenue in Q2
Backing up its announcement that they gained 1.5M customers in Q2, Verizon released its full earnings report today. They posted industry-leading revenue at $12.1B, increased data revenue by 45.3% and service revenue was up 11.6% to $10.5B. With 68.7M customers Verizon closed the gap slightly on industry leader AT&T, who gained 1.2M in Q2 2008. Customer churn also dropped to an all-time low of 1.12%, down from 1.3% at this time last year. Not all the news was good though, ARPU was down slightly year over year, from $51.84 to $51.53, though data ARPU increased 31.3%.

source: RCR Wireless
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