Verizon adds 1.53 million net new subscribers in latest quarter

Verizon adds 1.53 million net new subscribers in latest quarter
Verizon has just released the results of its third quarter, and it was another strong three month period for the nation's largest carrier. 1.53 million net new connections were added during the three months, giving Big Red a total of 106.2 million retail connections. 100.1 million of these are postpaid accounts.

For the quarter, Verizon Wireless had $21.8 billion in revenue, a 7% increase from the previous year. At $18.4 billion, service revenue increased 4.8% year-over-year. Retail service revenue grew 4.6% year-over-year to $17.6 billion. At $161.24, Average Revenue Per Account (ARPA) rose 3.5% over last year's third quarter.

At the end of the quarter, Verizon Wireless had 35.4 million postpaid accounts at the retail level, up 1.3% year-over-year. Each account has on average 2.82 lines per account, up 3.7% from last year. During the third quarter, 457,000 postpaid phones were added, along with 1.1 million tablets. As the third quarter came to a close, smartrphones accounted for 77% of the carrier's phone base. That is up sequentially from the 75% reading seen at the end of Q2. Retail postpaid churn came in at 1%, up from .94% in the second quarter and .97% year-over-year.  Retail churn amounted to 1.29%, up 4 percentage points from the second quarter and 1 percentage point year-over-year.

Verizon added AWS-1 spectrum its LTE capacity. This XLTE enhanced LTE pipeline can now be found in more than 400 markets nationwide. Also during the period, Verizon added a number of new devices to its lineup including the HTC One Remix, LG G Vista, Kyocera Brigadier, HTC One (M8) for Windows, Apple iPhone 6, Apple iPhone 6 Plus, Motorola Moto XSamsung Galaxy Tab 4 10.1 and the Samsung Galaxy Tab S 10.5.

source: Verizon

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26 Comments

1. Salazzi

Posts: 537; Member since: Feb 17, 2014

Who would want to go to Verizon?? I decided I'd rather have no carrier at all, than be with Verizon, having been with them for 3 years. They offer too little value for your dollar. The only chip in their hand is the 700mhz spectrum that helps give them coverage.

2. kaintae

Posts: 98; Member since: Dec 14, 2011

1.53 million people this disagreed with you last quarter

11. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 2010

Not to mention the people who were already with VZW and didn't jump ship. There are two reasons why VZW continues to add customers, and it is why VZW is making the most investment in its network - coverage and speed.

23. corporateJP

Posts: 2458; Member since: Nov 28, 2009

Yeah, and of that number of "people" you have, it was 1.1 million existing customers who had somebody shove a tablet on them. So, if you look at it for the truth, they actually brought in about 430,000 new accounts off the street. Not bad, but you should really dig deep into their prospectus once it hits and let me know how many government, corporate, and non-consumer lines are on there. That will tell the true story. Verizon isn't a gem and they really enjoy cooking the books, ask that hook Fran Scammo, he's on top of it.

24. kaintae

Posts: 98; Member since: Dec 14, 2011

I could be wrong, but I'm sure they're happy with the 1.53 million new lines of service, regardless of where it came from. Maybe the numbers are skewed. But if they are, do you think their competitors arent doing the same? Are you trying to say that the lead they've had over their competitors the last few years is imagined too?

3. tedkord

Posts: 17131; Member since: Jun 17, 2009

I have three smartphones with unlimited data and texting on Verizon. They share a 1400 minute voice pool with 10 Friends and Family numbers that don't use the minutes (in addition to all Verizon Wireless numbers being minute free, so we never get close to using up our minutes). $160/month. And I get coverage everywhere, unlike Sprint/T-Mobile in my area, which both stink on ice.

4. kaintae

Posts: 98; Member since: Dec 14, 2011

tedkford...are you an employee? account level pricing is $100 for that plan. $10 access per line. $30 data per line. that's $220 before taxes.

5. johnbftl

Posts: 283; Member since: Jun 09, 2012

Sorry dude, I call bull. I sold Verizon when that plan was available. That plan for 3 smartphones unlimited data is $220. There's no way you even have an employer discount that lowers it that much.

19. fher182

Posts: 25; Member since: Oct 21, 2014

if you are a employee you get 50% off. so if the plan is 220. he would get it for 110.

7. kaintae

Posts: 98; Member since: Dec 14, 2011

i was an employee when they switched from the nationwide plans to nationwide with ALP, and then to share everything, etc. with a 50% discount, this is certainly possible. but now that i'm not, and i have the same nationwide 1400 plan with unlimited data on 3 lines (plus one without unlimited data and a home phone), my bill is nowhere near that price you quoted. i'd be happy if my bill was twice that, and I have a corporate discount. But I agree that my family and I need the coverage, and are willing to pay for it. I've been in more than one situation where tmobile and sprint left me out to dry with their shoddy coverage when I really needed it to be at least average. I'll never put my family or work in that situation again.

15. johnbftl

Posts: 283; Member since: Jun 09, 2012

Non employee account, traditional discounts through employer, the highest Verizon offers is 25% off of the base primary with those plans. That would bring it down to $200. Still way over what he/she claims.

6. g2a5b0e unregistered

I get the best value for my dollar with T-Mobile because I get all the coverage I need in the areas I frequent with them, but the truth of the matter is that a lot folks don't have a choice. Verizon is their only option for coverage where they are. I get it. When you have the best coverage, you're giving yourself the most at-bats. It only makes sense.

20. fher182

Posts: 25; Member since: Oct 21, 2014

i have t-mo and i have good coverage but as soon as i walk to any building is like my phone never had signal. internet slow at peak times. honestly im paying 70$ on my phone and i have 2gb of data. with the plan that i got at verizon i have 2gb and its 60$ so saving 10 bucks and having a more reliable network. it works for me

25. g2a5b0e unregistered

I call bullsh*t. There is no 2GB plan & the $70 plan is 5GB. T-Mobile customer for 11 years. Don't try to pull the wool over my eyes.

8. Sprissy

Posts: 193; Member since: Feb 11, 2012

I use a LG G2 on Verizon prepaid, which now includes LTE service. I get the best coverage and only pay $45 a month, with auto pay I get 1 gig of data and if I need more I can always buy 3 gig for $20 and roll it over for 90 days, which I never do because I am on WiFi most of the time. Don't think that's a bad value when I have the best service and best coverage at home and when I travel. And I when I want a new phone I can buy any of the top phones and move it to prepaid.

17. snowgator

Posts: 3614; Member since: Jan 19, 2011

That sounds like a smartly played hand there, Sprissy!!

21. fher182

Posts: 25; Member since: Oct 21, 2014

so basically 65$ unlimited talk and text and 4gb of data. that is a really good choice

10. bubbadoes

Posts: 1225; Member since: May 03, 2012

duuuugggghhhh!!!!

13. timepilot84

Posts: 113; Member since: Aug 16, 2012

Verizon has the best coverage here in the west, hands down. I wish the other carriers would STFU about what percentage of America's homes they cover, and just build out their damn networks. If I wanted home service, I'd have a home phone.

18. SuperAndroidEvo

Posts: 4888; Member since: Apr 15, 2011

I am so sorry for you. It looks like you are going back to 2 cans connected with a string. You hear all this talk about T-Mobile & all these customers they are taking from Verizon. I smell rubbish. Verizon keeps gaining & gaining. Lots of people agree with me & are willing to pay Verizon's price for the best coverage & speed available in the US. I have said this before & I will say it again, until someone can match or surpass Verizon in coverage & speed, for a cheaper price then, & only then will I leave Verizon. You get what you pay for & with Verizon you get the best. There is no other way to say it. Also 1.5 million other people seem to agree with me.

26. teerex42

Posts: 221; Member since: Jun 14, 2012

You better get off the crack dude. Verizon has the best service and 4G EVERWHERE. I've tried ATT, T-MOBILE and their service sucks! Can't get a decent connection and no connection where I frequent most. VZW, I have service EVERYWHERE I go!!

9. bubbadoes

Posts: 1225; Member since: May 03, 2012

Let's here all the unlimited data, uncarrier customers comments now!! loving my 30 + 4 gigs (promotional) data for $97.50. Keep up the data wars carriers!

12. Micah007

Posts: 266; Member since: Oct 09, 2014

I choose Verizon because I want the best coverage available. Sure I would love to pay a little less, but I'm a mobile, traveling person. And I like to know that wherever I am I will have great coverage.

14. JunitoNH

Posts: 1946; Member since: Feb 15, 2012

I had had Sprint, AT&T and T-Mobile. Before joining each, obviously I checked the coverage map; all three companies indicated excellent to good coverage in my area. However, none of the signal were able to penetrate my house.

16. snowgator

Posts: 3614; Member since: Jan 19, 2011

T-Mobile and Sprint say they have coverage on my area (Mid-state IL), but honestly it comes down to 2 carriers: AT&T and Verizon. There is zero debate from me the Verizon is the better network. All my friends are on Verizon but me and a couple of other hold-outs, and Verizon kicks the crud out of clarity and signal strength. Verizon sells their network, not being the cheapest.

22. PapaSmurf

Posts: 10457; Member since: May 14, 2012

Mid-state IL? Not far from me in Chicago. Here, AT&T and Verizon dominate with signal strength indoors. Outdoors, T-Mobile game me four or five bars or signal almost throughout the city. Just go with whatever works. I'm with AT&T because of employee discount, but I'd go with Verizon in terms of coverage and reliability.

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