Verizon

1.7 million new customers, significant year-over-year increases in service and retail revenues

Verizon has today posted its earnings report for the fourth quarter of 2013, showing strong results for its wireless and wireline businesses. Focusing on the wireless side of the equation, Verizon enjoyed another strong quarter, continuing to add customers while increasing retail and service revenues. Here's a breakdown of some of the highlights —

  • Total wireless revenues of $21.1 billion
  • Retail postpaid ARPA (average revenue per account) up 7.1 percent year-over-year to $157.21 per month
  • Wireless operating income was 29.5 percent, up 5.5 percentage points year-over-year
  • 1.7 million retail net additions, of which 1.6 million were postpaid

For the year as a whole, Verizon brought in operating revenues of $120.6 billion, up 4.1 percent from 2012. EPS (earnings per share) was $4, up from $0.31 in the previous year. The operator says its 4G LTE network now covers "nearly 305 million" across 500 markets, having now "substantially completed deployment" of LTE — Verizon's 4G now covers 99 percent of its 3G footprint, it says. And the trend towards smartphones continued, with 70 percent of retail postpaid customers using smartphones, up from 67 percent last quarter.

More details, including a breakdown of Verizon's wireline numbers, can be found at the source link.

Source: Verizon

 

Reader comments

Verizon posts Q4 2013 earnings, wireless revenues reach $21.1 billion

181 Comments

So money comes from greedy slug investors, and not from customers paying their bills? Hmm...maybe everyone should stop paying their bills,...then we'll all see who a company really gets their money from!

Posted using Android Central App on my Samsung Galaxy S4 T-Mobile

Well said. This person is on the typical anti-corporate bandwagon with no knowledge of how a large public business works.

Posted via Android Central App

So your answer is yes then, business DOES NOT make money from customers.

Posted using Android Central App on my Samsung Galaxy S4 T-Mobile

If they didn't have shareholders, like most big companies, they probably wouldn't have the money to do what they want to do with their system and network. People forget that shareholders give the company money to make the changes they need that help us as consumers (even if at a price).

"they probably wouldn't have the money to do what they want to do with their system and network. People forget that shareholders give the company money"

People forget that past the initial public offering money does not come from the shareholders. stock that is traded past the IPO (as in stock traded today for verizon) does not bring money to the company. Verizon would have to issue new stock and they would not do this bc there are cheaper ways to raise capital for projects (retained earnings and debt).

From the source it looks like verizon's retained earnings were 16.3 billion. What sucks is the the wireless industry is basically an oligopoly. Verizon and AT&T have enough of the market and such a strong infrastructure that they can price their services at whatever they want. This is an area where the government really needs to step in and regulate bc consumers are getting screwed.

That $16.3bln came from CUSTOMERS paying their bills, not greedy slug investors.

Posted using Android Central App on my Samsung Galaxy S4 T-Mobile

"This is an area where the government really needs to step in and regulate bc consumers are getting screwed."

It's never going to happen. By every measure possible, this is a government for, of and by corporate interest, and a majority of the population had fully bought the pack of lies that what's good for corporations is good for them, as we see right here here.

What's really sad is just how ignorant people are. Post IPO, unless someone is buying newly issued shares, the money simply goes to the previous shareholder - not the company.

It's astounding the extent to which average people have been trained to vote and/or support policies diametrically opposed to their own interest. It almost makes one side with the wealthy thieves - if people are that dumb, they kinda deserve to get ripped off.

And you trust the government? Funny how back in the sixties the youth questioned the government and now the youth think the government is the only solution. Something not to your liking, must regulate. Once regulation takes hold so will innovation. Once you regulate price you will stop progress. Your actually regulating profit. Who are you or the government the ones to decide how much someone should make.

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So explain how the GSM technologies keep getting better and better add ons, if regulation kills innovation? Having a common standard and clear regulation can actually be beneficial when companies/innovators can spend more time collaborating rather than everybody working on separate overlapping closed proprietary systems.

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I don't call them "shareholders" I call them greedy slug investors!!!

A company should make miney from profit, a reasonable profit, not greedy slug investors.

Posted using Android Central App on my Samsung Galaxy S4 T-Mobile

Its always the other guy who is greedy right, never you.

I wonder if you were in the position of a shareholder what you would do differently.

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Did you think of that catch phrase in the shower. It's so good that is the only place it could have been dreamt up. Give me a break. Most of those investors are people's 401k's and retirement.

derp

People are willing to pay. And for the people that don't could also go to a competitor.

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Fuck you. They could drop their prices, or at least pay taxes. Or both. Then they'd have to innovative.

Posted via Android Central App

Fuck you. They could drop their prices, or at least pay taxes. Or both. Then they'd have to innovative.

Posted via Android Central App

And we have an early frontrunner for stupidest comment of the year. It's a long year but this one will be tough to beat.

Posted from my newly Kit Katted Droid Ultra

Yes, you make some pretty half-baked ones. Now get closer so I can pee on your leg.

Posted via Android Central App

Most traded companies are evil anyway. Verizon is no different. Pay and treat your line level employees like crap. Funnel all the big money upstairs.

Stock market has to some extent ruined capitalism. Everything has dwindled down to the top of every category. Two big winners and a bunch of losers about to fold. Worse idea in the history of bad ideas.
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Verizon has also paid 0% in taxes for past four years while making 100+ billion a year, while not creating new jobs. And we wonder why our government is in debt. Corporations keep their money off shore with jobs over seas and pay nothing or next to nothing in taxes while living in the same country that provides them their freedom and security. Either invest in the United States with taxes and jobs or GTFO! All the money Verizon paid Vodafone to buy back the rest of Verizon's Shares was basically all the money they didn't pay taxes with.

If corporations paid the same 30% as you, I, and the average American paid their would be little to no debt. Corporations skipped out on paying over a trillion in taxes while sitting on a trillion in money off shores doing nothing with it in 2012 and half of 2013, no investments. Companies sitting on such enormous amounts of money stagnates the economy.

Corporations are just playing by the rules that the government has given them. Don't blame the the corporations contact your senator if this bothers you.

Posted via Android Central App

You sound like a suit-wearing greedy slug investor who lives & works in lower Manhattan.

Posted using Android Central App on my Samsung Galaxy S4 T-Mobile

No just someone who realises life isn't fair. Seams like the younger generation has been taught that it should be. Just a basic Michigan conservative hard worker.

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I'm sure when he filed he said he makes charitable contributions. People crack me up.

Posted via Android Central App

Hardly anyone pays 30% last I remember it was around 15% after deductions. Let's at least try to get close on our numbers.

derp

This is not true. There are more than just income taxes to pay, and the websites you maybe getting your info from are communists, so there is that.

I agree!!! Not anti-capitalism, but the portait you painted is of reality. Top level is all that matters. They forget what makes the company money, the low-level employees, and the customers.

Posted using Android Central App on my Samsung Galaxy S4 T-Mobile

Seriously, can we ban people that post this dribble?

Lately, it seems like bashing Americans is the fun thing to do. As if, people using Verizon can't be from making an informed decision.

Born and raised in east Texas. Doesn't change the fact my fellow country men's stupidity occasionally sickens me.

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And in east Texas, Verizon still has the best coverage so please explain why it's stupid to pay for that coverage? Actually, Verizon has the best coverage of any other carrier throughout most of Texas, especially the remote places a few of us have to go to.

Ahh, so there's the truth in your comment I was looking for. A different carrier works fine for you so everyone else is stupid. Got it, thanks.

Just because I'm on a different carrier doesn't mean your wallet isn't getting any less r@ped every month. Seriously who are these people that just buy into Verizon's bright and flashy ads without any foresight what so ever?

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I get better service on my drive out to Lake Charles or El Paso than any other carrier has ever given me. Of course there's a price to pay for that kind of service and I will gladly pay it rather than be stuck somewhere without it. That's not buying into ads, that's buying into experience.

+1
Verizon is expensive, but currently where I'm at I get a signal. The guy next to me has to go outside to the parking lot to get a signal. It's worth the extra money to have peace of mind to know that my phone will work when I need it.
All these people that are crying about how expensive Verizon would do the same thing if they owned a business like that.

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+1! Texas is one of my favorite states by the way.

Posted using Android Central App on my Samsung Galaxy S4 T-Mobile

So, someone's stupid for choosing a phone carrier different than your own?

C'mon... What about the people that only have Verizon as there option? Are those people stupid, too?

Posted from my "Gift from God" Nexus 5, my "God-Given" iPad Mini 2, or my "Risen" Samsung Chromebook.

Until someone else steps up, they have the best coverage for alot of us. Do we pay for it? Hell yes, but it works. I blame AT$T and the rest for not building out their networks and not providing decent competition.

How do you get .7 new sheep? Is it missing is legs or something?

Posted from my newly Kit Katted Droid Ultra

By your comment defending the rape perpetrated by Verizon on a daily basis, I doubt it. I did leave Verizon because they suck.

Posted via Android Central App

I am not defending anyone. I am on Sprint and their coverage is speratic where I am. Thinking of switching to Verizon because of their coverage. Sure it will cost more, but you get what you pay for.

Posted via Android Central App

That kind of blind thinking is what's so stupid. "You get what you pay for"? Is that why Verizon doesn't even have several AAA Android Phones?

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The flagships from all the relevant players are available on Verizon.

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"That kind of blind thinking is what's so stupid."

If you just so happen to revisit this comments section, look at this statement (posted by you) and take a moment to review your previous replies (above) calling all Verizon users sheep.

You'll either see the irony, hypocrisy, or both.

Posted from my "Gift from God" Nexus 5, my "God-Given" iPad Mini 2, or my "Risen" Samsung Chromebook.

Yes, many people have. 1.7 million last quarter voted with their wallet. Do you idiots think Verizon's constant growth is am accident?

They will keep bleeding customers dry. They wouldn't lower prices even if they had no shareholders. Verizon is all about giving as little as possible while charging as much as possible.

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Why is it I never hear complaints about how much manufacturers charge for their phones. Supply and demand people

Posted via Android Central App

They don't charge the carriers much for them. They don't sell direct to the public at carrier pricing though.

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You are being charged for the phone in the price of your so called high dollar contract. The manufacturer isn't charging the carrier the same price as you pay at a discount.

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No, I buy mine outright and it is decoupled from the contract... Tmob... Of course, I already said the same thing you said, but it's not the manufacturer jacking up the price, it's the carriers

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Ohhhhh I complain plenty about the price manufacturers charge!!! It's totally disproportionate conpared to laptops and tablets. For the price of an S4 or Note 3, someone can get TWO tablets. THAT doesn't make sense!

Posted using Android Central App on my Samsung Galaxy S4 T-Mobile

I agree to a certain extent, I just don't hear a lot of greedy Samsung, greedy HTC, greedy Sony. This is because most of us never see the real cost of the phone. It is all in the cell phone bill.

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Yes, that is true... If they didn't have any, they wouldn't be able to justify it as easily though. Someone above stated that wall street has ruined capitalism... I couldn't agree more.

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I just don't understand how people can afford their plans. My family and I are on the old nationwide family plans. Moving to their new plans would increase our bill from our current ~$180 to over 200 some and that is only with the minimum data plan for all phones.

Their plans are worth it. I always have a consistent signal with Verizon compared to my former days with AT&T and T-Mobile.

No kidding... A guy I work with pays over 270.00 a month for his family on phones... Ridiculous

Posted via Android Central App

I'm more bothered by their data cap than price. Hope Verizon FiOS stays a underdog so they don't raise prices.

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I know... it is kinda nuts the way this thread is going. Sounds almost like we need some communism around here...

I don't really get it either. I'm curious as to what the profit amount per customer is compared to the taxes paid, or the government's profit is on all of Verizon customers. Maybe I'll figure it out unless someone already knows.

derp

I couldn't be happier w vzw unlimited data. Pricey but well worth the money. Their coverage
Po combined w superb MotoX signal is the best user experience.

Argument about govt regulations vs greedy investors-business is paradoxical in itself bc they are intertwined to the highest extent. State legislators directly respond through business requirements (through some "agencies" or "groups" like ALEC) where they quietly pass the bill proposals which end up almost by word in the official bills. Some is done through corrupted channels and some through common sense logic ("help our business to hire people", etc).
Then, you have absolutely legal "lobbying" that works through the fed govt.
On the top of that all, you have perpetually revolving doors through which one govt official goes from one big corporate to some govt body.
So, who is to blame when it comes to failing in some part of "Economy" or whatever else. It is extremely hard to make that conclusion.

There is def a need to get the stronger grip on this kind of the business and one of the ways might be to call all of them "common carriers" as it us proposed on latest White House Petition and keep them somewhat in line w all that "net neutrality" fight.

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Wow So much hostility, seems like you can't even talk about Verizon. Can't we all just get along

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you cannot divide by zero like that, the universe will suck in upon itself. that and I would not come near that thread with a 2000 ft pole.

Plain and simple, nobody beats Verizon lol

Posted via my awesome, longer lasting phone than yours aka droid MAXX

My biggest issue with seeing these numbers is when profits soar to a level that seems excessive to the average person.

I think most users think of their mobile service as a utility, which leads into thoughts of regulation, and price increases requiring approval.

With the move away from subsidized plans, it will be interesting to see if carriers drop the price since the cost of the phone isn't in the cost of the service ;-)

Posted via Android Central App

Shareholders don't work for a living. They wear suits, and sit in offices in high rise buildingsin Manhattan. Middle class people work, and actually perform a duty/task. There is a difference between earning money, and taking money. Big difference.

Posted using Android Central App on my Samsung Galaxy S4 T-Mobile

What I don't like are "hedge funds" that are built on nothing but greed, and nearly destroyed the economic system of the U.S. in September 2008.

Posted using Android Central App on my Samsung Galaxy S4 T-Mobile

And here we have a close runner up for stupidest comment of the year. Looks like January is quite the month for stupid comments.
I don't wear a suit or sit in a high rise building in Manhattan. I am very much middle class but guess what? I have a 401k so I am a shareholder in many corporations, and those corporations better be doing what they need to do to earn profits so the value in my 401k goes up. I plan on retiring someday and I sure as hell ain't relying on social security to pay my bills when I do, so I'm all for corporate profit making to the Nth degree.

And you officially win the stupidest comment of the year. Your 401k goes up more, the more money a business makes... How the fuck do they make more money?... Think about it. (here's a hint... They ass-rape you with higher prices) You pay them more now, for a pittance later... Dumbass.

Congratulations on your victory... Shoot for the first week of January next year :)

Posted via Android Central App

This is the bottom line, smartphones are a luxury. Period. If you have to have one for work most evil employers do help you with the costs. You know, I was out the other day and I saw older people who did not have a phone at all. They seemed happy. They were smiling, laughing having a good old time. Get this, you better sit down. They could actually find where they were going without googlemaps. Craaazzzy!

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Companies make money by providing goods or services and charging what people are willing to pay for those goods and service. You can't rape the willing, and if people are willing to pay the prices, then they aren't being raped. I put a value on every thing I purchase and refuse to buy anything that is over-priced or under-valued. If others aren't intelligent enough to do that and pay more than they should then its good for me because my 401k goes up. And if you knew how much was in my 401k you would know its hardly a pittance, because I've been smart enough to take advantage of the programs my employers have provided. And if you had the slightest clue of how a 401k can work, you wouldn't think it was a pittance either,but given how you think someone is a dumbass for relying on a 401k you'll probably be living in a homeless shelter by the time you're 60 and bitching about how you wouldn't be there if Verizon's plans weren't so expensive.

+1 There are just people out there who hate people who have succeeded because their life isn't turning out the way they thought. If someone has succeeded they think they did it through cheating or on the backs of the less fortunate and not through hard work.

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Jeff Bezos, Elon Musk, Larry Paige, Sergey Brin, they are very, very successful, I don't hate them, their innovators. I hate people who view money as a product! Money is something you use to obtain a product, not a product itself.

Posted using Android Central App on my Samsung Galaxy S4 T-Mobile

Succeeded, huh? I'm 48 and retired...I love it when idiots like you put your feet in your mouth... I do work still, but I don't have to...yeah Erik, I'm kinda well off and against corporate greed.

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So for fun you troll and the comment section of an android forum batching about the country that let you retire at 48. Something is fishy.

derp

No, I am here because I like smartphones....you're late to the party as usual....moron

Posted via Android Central App

Precisely! That's why I'm here. Not cause I work in the industry, or cause I'm a "fanboy". . .but because I'm a smartphone enthusiasts.

Posted using Android Central App on my Samsung Galaxy S4 T-Mobile

Thanks for clearing that up. I was busy actually working today, for a giant company. They had me locked up and were forcing me to steal money from the poor ignorant population. I also have a reading comprehension problem.

I now officially think you did not retire at 48, and are probably 18. If you would like to change minds, act like an adult.

Well shit i am never saying what I do around here. I would get killed in a heartbeat...

Here is a hint just to piss people off. I take part of each and every one of your cell phone bills and put it to good use....

Hey, I know a guy who probably does the same thing with cable bills. If it's what I think it is, I'm not cool with it, but also don't begrudge a guy making a living, and be makes a decent living.

derp

No really...I am retired already, and I'm only 48. You are correct that I didn't retire at 48 though...I retired just before I turned 43. Just because you won't be able to do it, doesn't mean there aren't a bunch of us who had the foresight to execute our plans properly. Personally, I don't really give a shit what you think, believe, or even feel. It's not about you, and it's certainly not about me. You are going to be held back if you are fine with the rich getting richer on top of already being rich, while waiting on them to throw you a bone. The 401k analogy used by one of your peers was the probably the stupidest thing I've ever read, especially with the average 5-year cycle (Bull/Bear) of the stock market. Nobody will get rich off of a 401, it will merely help you survive into your 80's if you're lucky. Nope, the rich will decide exactly how much money you get because they control the stock market. What do you think causes a stock market crash?

Dude, really. What about the IRA's, 401k's,, scottrade average joes? If you hate America so much, move to Columbia, or China, or wherever you dreams can come true. The world is small.

derp

I don't move because I love America; that's why. (I just hate stupid people who pretend they are smart and then claim people who ARE smart "hate America" as a last line of defense) IRA's are fantastic tax shelters for people who exhaust all the other alternatives and still owe money at the end of the year. Scottrade, e-trade, etc can be pretty good if you have 7-8 hours a day to dedicate towards it, subscribe to the WSJ, and really don't want to do anything else M-F. You will lose your money as soon as a bear cycle begins unless you're available to handle the situation. The stock market wishes there were more amateur traders to feed the bear.

I really do wonder how Verizon gets that many new customers. Do you get a discount if you get home and FiOS service? If so then I can see how they're making it.

Posted via Android Central App

I'll tell you how as I am a new Verizon customer. They have the coverage I want, the phone I want, and the price I want.

$60 per month for unlimited talk and text plus 2gb of data is fair in my book for everything I get in return.

Posted via Android Central App

Exactly.

Until Sprint covered my area Verizon and ATT were really the only game in town.

Great coverage (with one exception), acceptable prices, unlimited data (at the time). It was a win-win.

Once they took away unlimited, it was tougher to stay with them (I use 40GB per month) but we had to wait for Sprint...

If you need that much more data, the rates are not terrible (when talking about verizon) to take it up to 20GB (last I checked).

Of course your just throwing money away compared to other carriers....

Thank god I have Wifi at home and an actual I don't know... What do you call that thing that you watch? Vision tel? Squawk box? You know! The radio with pictures! Oh! TV! So I can watch Netflix and stuff.

Posted via Android Central App

2GB on Verizon is 70.00 before discount if you get one... And they hope you go over so they can charge another 15 instead of throttling you...

Posted via Android Central App

I pay $60 per month (no discount, loyalty plan available when attempting to cancel within 14 day remorse period) and $10 for each additional gig if I go over (which I don't because I use wi-fi anywhere it's available).

Yes, you are correct...2GB of data is $60.00...+ another $40.00 for talk and text. 60+40=$100.00 for a 2GB data plan with smartphone on Verizon. Go over that data cap, get penalized (ass raped) further. After 2 years, pay them more money (250-299) for another phone and they will subsidize it, but you will pay for it as it's built into your plan. Don't upgrade? You're still paying for it, so you might as well...oops, now you're locked in for another 2 years...

I pay a TOTAL of $57.00 a month on my carrier for unlimited talk and text, with 2.5GB of data throttled back to 2G (which is actually Verizon 3G speed) until the next billing cycle after that. I bought my phone outright, and there is no contract.

I'm not saying anyone should switch their carrier which is what someone else accused me of. I'm just saying a lot of people are OBLIVIOUS to their options, which is what encourages these carriers to charge what they do.

No. I am not referring to the $60 + $40 = $100 plan. I am referring to $60 total per month including unlimited talk and text + 2gb of data with $10 for each additional gig if you go over. This includes a subsidized phone every 2 years (paid $49 for my blue HTC One). I'm good with this plan as it is very close to plans such as yours yet I get Verizon coverage and a subsidized phone .

I wonder too considering there are 300 millionish people in the United States total counting super old and toddlers without cellphones

Posted via Android Central App

This is why we need the merger/buyout of Tmo and Sprint to happen. The two of them combined, with an "uncarrier" attitude would actually be able to pose a challenge to Verizon and Att. It actually could upset the pricing structure and the way things are done as far as mobile service here in the US

Neither tmobile nor Sprint can do it alone, but combined they can actually put some pressure in there. Slow going or not, Sprint is building out the most advanced network with all new equipment, LTE-A, spark, tons of bandwidth and unlimited data plans. Tmobile has a great headstart in prepaid, a great attitude, a great base in the major cities.

Like it or not, if you want things to change, something has to change.

And what if the combined T-Mobile/Sprint (can we call the SprinT-mobile?) doesn't adopt the uncarrier attitude? :)

I would agree with you if there was any guarantee that SpriMobile would go down the uncarrier path. If the merger happens I would hope they would look at T-mo's relative growth since they started their "un" ways and keep heading that way. If the company became totally Sprintified there would be a lot of tears drowning this site.

You keep bringing it up when nobody is talking about it. That means its past news. Move along and keep up with the wireless industry.

Posted via Android Central App

No wonder they won't carry Nexus devices, they don't need to. If T-Mobile would get their shit together and have a good network where I live, I'd switch back. No problemo! Verizon just put a tower up not far from my house, and I live in the fucking boonies, but now I have LTE at home, so kinda hard to switch now.

It never ceases to amaze me. How are people telling what other people to spend? Seriously. If I wanted to throw 100 bucks around at the Super market and you happened to be standing in line behind me you wouldn't be like "Hey... Super Walmart has a sale down the street. Save your money."

Grown men and women telling each other should spend on what truly baffles me." Switch to Sprint! Or AT&T! OR T-MOBILE!"seriously... I feel like this is a late night infomercial on the TV Guide channel telling you one of those ways to get rich quick or save you a ton of money. I'm already conflicted on what insurance I should have between Cure auto, Geico, and Progressive throwing prices at me. Why the whole carrier debacle?

Posted via Android Central App

No, I said they are suffering from corporate greed,,,,and I never called anyone an idiot..for using Verizon...even though they may be one

Posted via Android Central App

We're all slaves to corporate greed my friend. Unless you're posting this from a home made windmill and have a hamster running around a wheel. Also, you don't shop anywhere because corporations are evil. Damn you dove soap and your share holders! How dare they tax for deodorant!

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because all comments on the internet are stupid, including mine, and it pisses people off when they don't know what a signature is.

For some reason, "derp" sounds like something Homer Simpson would say.

Posted using Android Central App on my Samsung Galaxy S4 T-Mobile

Now if VZW would use some of that profit to improve their 4G data speeds during the day in Philly and Seattle.