Android Central

Verizon has just reported its Q4 2012 and full 2012 earnings for both its wireless and wireline (FiOS) divisions, and wireless growth was through the roof. We're just going to focus on the wireless portion of the earnings, and start with the Q4 2012 report first. Here are the highlights:

  • 2.2 million net customer additions in the quarter, highest in company history
  • $20 billion in revenue ($16.4 bn being service revenues) for Q4, up 9.5-percent year-over-year
  • Postpaid ARPA (Average Revenue Per Account) grew 6.6-percent y-o-y to $146.80/month
  • Retail postpaid churn rate of 0.95-percent, up 1 basis point year-over-year

The upward trend is visible in the full 2012 earnings reports as well. Here's the breakdown:

  • 5 million net customer additions for the year, the highest in four years
  • $75.9 billion in revenue ($63.7 bn being service revenues) for 2012, up 8.1-percent year-over-year
  • Ended the year with 98.2 million retail connections (92.5 mm postpaid), up 6.6-percent year-over-year
  • Those customers are dispersed over 35.1 million accounts, up 4.3-percent year-over-year

Verizon reports that its LTE network as of today is live in 476 markets, covering 276 million people (about 89-percent of the population.) Those are some pretty impressive numbers, but is only just the tip of the iceberg. If you want a more detailed look at the report for yourself, it can be found at the source link below.

Source: Verizon