Verizon

Q3 Results Q/Q Comparison:

  • Revenue decreased 7% to $30.9B
  • GAAP diluted EPS decreased 10% to $0.89
    • Adjusted EPS decreased 3% to $1.01
  • Free cashflow of $0.7B
  • Net debt of $100B (2.3x EBITDA)

Wireless:

  • Revenue decreased 3.9% to $22.1B
  • Operating income was flat at $7.6B
    • Operating income margin was 34.6%, up from 33.3%
  • Total retail connections: 113.7M, an increase of 2.6% year-over-year
    • Added 442K retail postpaid net connections, a 66% decrease from prior year quarter
  • Postpaid churn rate of 1.04%, up from 0.93%

Wireline:

  • Revenue decreased 2.3% to $7.8B
    • Consumer retail revenues were flat at $3.2B
  • Operating income of $156M versus a loss of $109M prior year quarter
  • Total FiOS digital connections increased 2.6% to 14.1M
    • FiOS internet penetration (subscribers as a percentage of potential subscribers) was 40.4%, up from 40.1% prior year quarter
    • FiOS video penetration was 34.5%, down from 35.4% prior year quarter

Stock Price: $49
Market Capitalization: $200 billion

October 20, 2016

 

 

 


 


 

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