Verizon

Q1 Results Q/Q Comparison:

  • Revenue increased 1% to $32.2B
  • GAAP diluted EPS increased 4% to $1.06
  • GAAP net income increased 2% to $4.4B
  • Operating income margin was 24.7%, down from 24.9%
  • Free cashflow of $4.0B
  • Net debt of $104B (2.2x EBITDA)

Wireless:

  • Revenue decreased 1.5% to $22.0B
  • Operating income increased 0.8% to $7.9B
    • Operating income margin was 35.8%, up from 35.0%
  • Total retail connections: 112.6M, an increase of 3.7% year-over-year
    • Added 640K retail postpaid net connections, a 13.3% increase from prior year quarter
  • Postpaid churn rate of 0.96%, down from 1.03%

Wireline:

  • Revenue decreased 1.9% to $9.3B
    • Consumer retail revenues increased 0.8% to $4.0B
  • Operating income increased 45% to $589M
  • Total FiOS digital connections increased 3.8% to 17.8M
    • FiOS internet penetration (subscribers as a percentage of potential subscribers) was 41.9%, up from 41.5% prior year quarter
    • FiOS video penetration was 35.2%, down from 36.0% prior year quarter

Stock Price: $50
Market Capitalization: $204 billion

April 21, 2016

 

 

 


 


 

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