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Verizon posts second quarter of record earning margins in a row

Posted: , by Daniel P.

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Verizon posts second quarter of record earning margins in a row
That state-of-the-art LTE network Verizon invested in before anyone else did not come cheap, but the carrier is now reaping the benefits. The Q3 earnings are just out, and Verizon reported adding 1.8 million subscriptions, making the grand total 95.9 million customers, of which 90.4 are on postpaid plans.

Revenue came in at $29 billion, which is a 7.5% increase year-on-year, and has been accompanied by a record 31.8% operating income margin hike. Verizon is now at the whopping $145.42 average revenue per account (ARPA), a number that proves once again Americans are paying more for their cell phone service than before.

Verizon now reports ARPA instead of average revenue per user (ARPU), since with the introduction of the new Share Everything plans, customers can split their data allowance among multiple devices. Verizon continued rolling out its LTE network in Q3 as planned, and now blankets 250 million people in 419 markets across the country.

+- Press Release

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posted on 18 Oct 2012, 03:18 5

1. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)

VZW is seeing the benefits of its early investment in LTE.

posted on 18 Oct 2012, 05:54 11

2. rizzell (Posts: 21; Member since: 31 Dec 2011)

No VZW is seeing the benefits of getting rid of unlimited plans and raping everybody with those share everything plans.

posted on 18 Oct 2012, 12:08 2

6. laheelahee (Posts: 213; Member since: 09 Apr 2012)

taking away the unlimited plan sucked, but was understandable.
but forcing you to forfeit the plan if you upgrade? just uncool..
(at least at&t's not making you to buy non-subsidized phones)

posted on 18 Oct 2012, 05:58

3. JunitoNH (Posts: 1934; Member since: 15 Feb 2012)

Then, it's safe to assume the share plans people were complaining about are a success. Personally, I think Verizon should increase its rate by another 2%, who's going to complain?

posted on 18 Oct 2012, 07:11 2

4. blazee (Posts: 414; Member since: 02 Jan 2012)

With all that money the leasdt they could do is make sure we all get phone updates in a timely fashion

posted on 18 Oct 2012, 09:02 1

5. bubbadoes (Posts: 1225; Member since: 03 May 2012)

no, it's those freaking new expensive share everything plans that cost $40 bucks per smartphone and you haven't even added data to the cost----with the option to add 10 smartphones or any other device....on top of all the other crap they try and sell you--ringtones, usage control, visual voicemail--vz navigator (what a joke) and a boatload of other over priced items....

posted on 18 Oct 2012, 13:28

7. downphoenix (Posts: 3165; Member since: 19 Jun 2010)

Well you guys let them have it for your "Coverage". You want good coverage, they want your money more badly than the other carriers, you connected.

posted on 18 Oct 2012, 17:15 1

8. metalpoet (unregistered)

Too bad tmobile will never be as big as at&t and verizon in the U.S. I have been an unhappy verizon customer for 10 years bbut refuse to leave because of the coverage. Verizon knows their the s**t so they can make all these restrictions with manufacturers and customers. They can eliminate unlimited data, they can make me pay $210 for 2 smart hpones and a basic phone. They can post pone updates and take forever to release the brand new phones that everyone else has. because their assholes.

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