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Verizon posts modest growth in Q1 revenue, profit

2016-04-21 15:21:00| Telecompaper Headlines

(Telecompaper) Verizon posted USD 32.2 billion of operating revenue in the first quarter, up 0.6 percent on the first quarter of 2015. The consolidated EBITDA margin stood at 37.2 percent in the first quarter of this year. Net profit rose by 2.1 percent to USD 4.43 billion (USD 1.06 per share), compared to USD 4.34 billion (USD 1.02) a year ago. Verizon Wireless had 640,000 retail postpaid net additions in the quarter, taking the total to 112.6 million, up 3.7 percent in a year. In the wireline segment, Fios fibre services continued to be the drive or revenue growth, representing around 81 percent of USD 4 billion of consumer revenue.

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Category:Telecommunications

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