Verizon publishes strong report for Q4, adds 1.5 million new postpaid lines

U.S. carrier Verizon released the network's financial report for Q4, showing some solid performance and higher-than-expected earnings. The company brought in $34.25 billion in revenue, which is slightly higher than the previous quarter of $33.2 billion, and a further 1.5 million new postpaid customers were signed up.

Today's report ($1.32 in earnings per share) also shows a slight increase on last year's figures of $33.19 billion from the same quarter. The largest telecommunications company in the U.S. now boasts 112.1 million customers, but more specifically 106.5 million total postpaid connections. For the full year of 2015, Verizon totaled $131.6 billion in consolidated revenues, up 3.6 percent compared against 2014.

For more information, be sure to check out the official announcement linked below.

Source: Verizon (opens in new tab)

27 Comments
  • That is almost half of the US population. That is amazing. Posted via the Android Central App
  • Your population numbers are a bit out of date http://www.census.gov/popclock/ 112 is not really close to half of 322 Posted via the Android Central App
  • Well it's more than 1/3 of the population, so saying it's almost half isn't that far off. Posted via the Android Central App
  • I love how Verizon has to keep giving away tablets to make their subscriber numbers look better. If you read the report you will see they only had a net add of 449k phone lines, the rest are tablets that they basically give away for free. I guess at the end of the day it doesn't matter as they are so expensive that their profits will always be protected and at that is what their shareholders really care about. Either way I switched to T-Mobile from Verizon in Q4 and don't miss them at all.
  • To be fair. From a business perspective a new sim card / phone number contract is a "new customer" since it's a new active line. No different, in essence, to adding a child or spouse to a family. It's different than a hotspot. This isn't padding the numbers or gaming the metrics. Just standard good measurements. Much like a business. They don't count a single business of 10,000 employees as a single customer if they all have phones. They would count them as 10,000 customers since they each have their own sim car / line. Posted via the Android Central App
  • Yup. Worked for Verizon for many years and that's exactly it. Those free tablets now lock in entire families to 2 year contracts. That's smart. When a family goes into a store and try to cancel and find out they have a contract remaining in a tablet, they won't move the rest of their lines to another carrier because that's such a scary thing for most. They'll way out that tablet contract and by the time that rolls around little Joey breaks his phone and needs a new one. They bite the bullet and upgrade his phone. And the cycle continues. And don't give me any bullshit how that's unethical, because it is. But EVERY carrier does that. Posted via the Android Central App
  • They're not that expensive compared to T-Mobile though.
    Maybe $10 more?
  • What plan are you looking at? Also, compare apples to apples and you don't get the same in data and benefits. Only reason to go with Verizon is if you need the coverage. Posted via the Android Central App
  • For my needs I need 2 lines so I always look at 2 line plans.
    2 lines 18 GB shared plan on VZW is $140
    2 lines 15GB shares plan on AT&T is $130
    2 lines with 10GB each on T-Mobile is $140
    1 line 10GB and 1 line 6GB on T-Mobile is $125
    Prices look REALLY close to me.
  • Yep, those are good prices from verizon. If you travel a lot or tmobile or att don't work for you at least you have that option. Unfortunately for me i travel outside the us so the international plan with tmobile i need and at work i listen to internet radio all day so with their music program i don't worry about it plus i need tethering and that's included in my plan. And lately iv'e been going over 15gb of data so having unlimited has helped also. I say stick with verizon at those prices if you need their coverage. Where i live tmobile is actually one of the best.
  • I'm not even on VZW.
    I'm just pointing out the prices are not as expensive as people always claim.
    The price difference is pretty much fairly close on all carriers.
    I think carriers that offer corporate discounts like AT&T and VZW might have a slight edge in price.
    I get 22% off at AT&T and 17% off at VZW. So either one of those would actually end up being cheaper than T-Mobile's current prices for me
    Yes some carriers offer unlimited but some people don't need that. in fact most people don't need that.
  • Yea, you definitely make good points. My wife is one of those that doesn't need unlmited. I myself do. So tmobile works out since i still have my corporate discount of 12% on top of a plan that was grandfathered. Ever since tmobile started their movements most companies are pretty neck and neck in pricing unless you happen to catch a promotion they offer. This is reason why tmobile offers the muisc freedom and the best international plan around. Not to mention this new binge on program that can either be good or be bad depending on who you are.
  • They're not "so expensive" any more. At almost every plan level they're either right in line with the other carriers or barely different. Edit: that was @landale
  • Verizon 120 million, at&t 110 million, T-Mobile 63 million, Sprint 57 million. That's 350 million in total not even counting all the smaller cellular carriers. US population is 314 million. Mind blown. Posted via the Android Central App
  • Some people have multiple phones, tablets ,watches, whatnot. I know a few people with two phones on Verizon. One personal, the other from their work. Single entity has 2 customer lines through same company... Also know people with two phones, two different carriers because of work / personal Posted via the Android Central App
  • I count as 2 of those AT&T 110 million.
    Gear S2 3G and my phone.
    Many people have multiple active lines for just one person.
  • Lots of businesses have corporate phones for their employees/business as well.
  • No matter how much people hate the expensive bills we have to pay, they can't lose. They have the largest LTE coverage for petes sake. I've never lost a signal. Posted via the Android Central App
  • Same here Posted via the Android Central App on my LG G4
  • I never lose signal at home either, on my WiFi ha
  • That's just it they're really not that expensive
    All carriers charge about the same.
  • AT&T works better where I live without a question, but I know that's not the case everywhere, even within 200 miles of me. AT&T Galaxy Note 3
  • And being grandfather in with a TRUE unlimited data like myself. I'm not going anywhere. Posted via the Android Central App
  • I have verizon and I lose signal inside a few restaurants, but my sister she has AT&T and dont lose signal inside the same restaurants. We both have Note5. I guess that extra $20 they are charging us grandfather unlimited plans, didnt really matter. lol
  • How on earth can I justify switching to Verizon when a couple random restraunts have no signal??????? /s Posted from my Nexus 6/Nexus 7 2013/Surface Pro 3
  • I said a few :P
    I aint leaving verizon, I just used 190GB last month :D
  • I left Verizon for att. I haven't skipped a beat in terms of network. Added two lines and doubled my data for the same price. All other carriers offer more value and more features. Verizon has a reputation that makes them tons of money. Just ask their subscribers.