Verizon Unveils 2011 Q4 Results

Verizon reported on its 2011 Q4 results recently, announcing mixed results with a loss of 71 cents per diluted share due to non-cash pension items, while also experiencing a 7.7% year-over-year revenue growth, a company record. Among other highlights:

  • Total wireline broadband subscriber base rose 300,000, to 8.7 million
  • FiOS Internet subscriptions totaled 4.8 million, while FiOS video subscriptions reached 4.2 million
  • DSL subscriptions dropped 400,000, to 3.9 million

 

For more coverage, see http://www22.verizon.com/investor/news_verizon_reports_record_revenue_growth_in_4q_fueled_by_strong_demand_for_wireless_fios_and_strategic_.htm