Verizon

Q1 Results Q/Q Comparison:

  • Revenue decreased 7% to $29.8B
  • GAAP diluted EPS decreased 21% to $0.84
    • Adjusted EPS decreased 10% to $0.95
  • Free cashflow of $2.0B (excluding pension contributions)
  • Net debt of $112B (2.6x EBITDA)

Wireless:

  • Revenue decreased 5.1% to $20.9B
  • Operating income decreased 10.2% to $7.1B
    • Operating income margin was 33.9%, down from 35.8%
  • Total retail connections: 113.9M, an increase of 1.2% year-over-year
    • Lost 307K retail postpaid net connections; added 640K in the prior year quarter
  • Postpaid churn rate of 1.15%, up from 0.96%

Wireline:

  • Revenue decreased 0.6% to $7.9B
    • Consumer retail revenues increased 0.7% $3.2B
  • Operating income of $293M versus a loss of $67M prior year quarter
  • Total FiOS digital connections increased 1.1% to 14.3M
    • FiOS internet penetration (subscribers as a percentage of potential subscribers) was 40.3%, same as the prior year quarter
    • FiOS video penetration was 33.8%, down from 35.0% prior year quarter

Stock Price: $48
Market Capitalization: $197 billion

April 20, 2017

 

 

 


 


 

Menu byMilonic