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677,000 customer additions, $19.5 billion in revenue, ARPA up 6.9-percent

Verizon has just posted its Q1 2013 earnings, and while it reports both its wireless and wireline businesses in one release, we're going to break out the wireless parts separately. Let's hit the high points first:

  • $19.5 billion in revenue, up 6.8-percent year over year
  • $16.2 billion of that revenue was related to selling service, up 6.9-percent y-o-y
  • Postpaid ARPA (Average Revenue Per Account) was $150.27 per month, up 6.9-percent also
  • 677,000 net customer additions for the quarter
  • 98.9 million retail connections (93.2 million postpaid) in total at the end of the quarter, up 6.4-percent
  • Retail postpaid churn was 1.01-percent, up 5 basis points

Overall, it seems like a solid quarter for the company, posting improvements and increases on nearly every company metric. Customers, accounts, revenues and earnings per account all went up in the quarter. Verizon has also pointed out that its LTE network now reaches 287 million people in a staggering 491 markets across the country. The continuous quarters where Verizon makes boatloads of money don't seem to be stopping any time soon.

Source: Verizon