Verizon Motorola Droid Maxx

Verizon's first quarter results are in, and mirroring rival AT&T, they saw some rather impressive growth. Verizon as a whole saw $30 billion in revenue, but even with their substantial non-cellular businesses, Verizon Wireless accounted for a whopping $20.9 billion of that income. That's an increase of nearly 7% from this quarter last year, though growth through their retail outlets was slightly lower.

The wireless business has proven profitable for Verizon, with a profit margin of 35%. That too is an increase, up from 32.9% year-over-year. That's $7.3 billion, for those keeping track at home. The jump comes in no small part thanks to Verizon's $130 billion purchase of the remaining 45% share of Verizon Wireless that was held by Vodafone.

Much of that increase revenue and profit comes thanks to the 549,000 new subscribers Verizon Wireless added this year, with 539,000 of those signing up for traditional post-paid contracts. That's not quite as many new customers as AT&T, though Verizon Wireless had both higher revenue and earnings. Verizon ended the quarter with 97.3 million subscribers, 72% of whom were using smartphones.

Source: Verizon Wireless

 

Reader comments

Verizon Wireless's Q1 2014 results see $21 billion in revenue and 539,000 postpaid subscribers

45 Comments

They have the best coverage for me. That's why I'm never going to T-Mobile despite their little adventure at undercutting their competitors. The expensive price is worth it.

Posted via Android Central App

I enjoy the $125 I save every month. I have yet to have an instance where I go to use my phone and say "I miss Verizon". So when and if it does ever happen I will be OK knowing I saved well over a thousand dollars this year.

Posted via Android Central App on my Republic Wireless Moto X

How do you figure? I am saving $125 per month and there has not been any difference in my usage in the 4 months I've had Republic. I was a doubter once as well.

For some, like myself as well, the expensive price is worth it. I do miss being on TMobile and having unlimited data. But, I've been traveling a lot lately, and I've been using usi the hell out of my phone and tablet for everything. Sometimes, you just have to pay the cost.

But, the second that it's feasible for me to switch my phone service back to TMobile, then I will certainly be doing so.

Agreed, but as long as I can keep my unlimited plan, I'm actually saving $20/mo by being on Verizon over T-Mobile's unlimited data plan.

At&t added, Verizon added, t-mobile has been adding.. I guess Sprint is losing them all?

Nexus 4 - CM10.1.3

While some of the growth might be prepaid to postpaid, it's probably not that much. That many people never had any mobile service before?

Posted with an HTC One M8 via Android Central App

What that's your point? Sprint doing way better in the last two years. Their service it's been improved a lot. Their prices, it's perfect for a normal users. But not for everyone, especially for who like to live on the You Tube and playing games and watching movies. For people using their phones normally, Sprint service it's fine. The bottom line is just personal preference.

News flash: we're all using smartphones now. I don't know many smartphone users that don't play games or stream media in some sort of fashion. Stop making excuses.

To counter what you said, a person that doesn't use their phone as a smartphone and is only interested in calling and texting would be better served by doing a prepaid plan with an MVNO, as their plans are A LOT cheaper than even Sprint's prepaid offerings.

I bet you can't even define normal usage. Hilarious.

I don't play much games, but I do stream a whole lot, internet radio, youtube, netflix. . . .

Posted via Android Central App

I was a 10+ year Sprint user. I can't defend them anymore.. They lie way too much.. They're improving (so I'm told), but I never saw any improvement whatsoever. I just left them in June last year.. Central NJ is my location, prime market. No excuses..

Nexus 4 - CM10.1.3

I was in both Cherry Hill and Parsippany this week nothing but 4g all the way with sprint

Posted via Android Central App

Yep... Sprint finished their lte rollout in my area, and it covers the same area as their 3G did... Fail, Sprint, FAIL.

Posted via Android Central App

I'm happy with T-Mobile. I don't travel like some, but I'm in Dallas, Austin, Houston, Oklahoma City, Atlanta and Baton Rouge (GEAUX TIGERS) and my service is perfect for me. I will say if T-Mobile went sour, I would go with Verizon before I would EVER go to at&t.

Posted via Android Central App

I'm not missing Verizon at all. T-Mobile is good to me. I'm saving money and have unlimted data. No more overages for me.

I'm paying the $70 truly unlimited data plan. Last month I used 15 GB and was still getting about 36-40 Mbps download speed. Verizon I had a 4 GB plan. And I'm saving $100 over Verizon on my family plan.

Until they determine that your usage is having a detrimental effect on the network and other users then you will be throttled as well (under the guise of network Management ). ALL networks throttle, regardless of what they tell you.

Posted via Android Central App on my daily driver, the Droid MAX

Well at least I get to use more data than I was able to use at Verizon. I always had data overages when with Verizon. Not anymore with T-Mobile.

Sprint all the way for me.

I have been traveling a lot more outside my normal area, and with the exception of one spot in upper PA it was great LTE all the way

Posted via Android Central App

I keep hearing the same thing about PA and Sprint's service. Oh well, I live in H-Town!

Posted via SPARK enabled Sprint LG G2 that still spins fast after using 60GB in a billing cycle. {No Overages}

Just switched two lines from them to Republic, In my area coverage Sprint coverage is now doable and for the money you can't beat it! $25 unlimited* everything(3G data). Bill last month was $30.56 with taxes. I think it will be interesting over time to see how Big Red is impacted now that Republic and other companies are offering better phones, BYOP, etc...

That's true I'd like to see that in a few years too. If I wasn't on a family plan I would probably be on the T-Mobile $30 pre-paid plan. 100 mins, unlimited texts, and 5 GB of high speed data would have been perfect for me.

@Matthew
Once normal users start understanding their usage patterns in comparison to pricing on the big two carriers, they will leave.

Knowledge is power.

Posted via SPARK enabled Sprint LG G2 that still spins fast after using 60GB in a billing cycle. {No Overages}

I have T-Mobile $70 plan and use at least 40gb of data a month mainly because I'm almost never at home and when I am I use hotspot from my device because paying extra for an ISP is a waste of money especially for people who are only home 8 hours of the day.... Plus I don't trust public hotspots and since I have unlimited LTE data I don't need to hunt for a hotspot just so I don't burn through my data on a shared plan other companies offer.

I don't believe you. I know for a fact T-Mobile US uses QOS metrics and would cut you off in a heartbeat. In addition, their biggest SMHS package is 5GB.

Its people like you who lie, cheat and fuck up everything for good, hard working people.

Well I'm just using what I'm paying for with my hard earned money...the $70 monthly plan say unlimited so I use as much as I want... Go in the dictionary and look up the meaning of the word UNLIMITED... at least T-Mobile isn't false advertising and when they say true unlimited LTE they mean it no if ands or buts...at the end of the day I get more than what I paid for and I'm very pleased with my "True Unlimited 4g Data" so Fuck off drink a glass milk take a pee pee and go to sleep little cry baby!!!