It's that time of the quarter where the big companies are posting their earnings, and this morning Verizon released its Q2 results. While Verizon operates both a wireless and wireline division, we're going to focus on just the wireless portion as it pertains to Android more directly. Here are the high points:
- Revenues of $20 billion for the quarter, up 7.5-percent year-over-year
- Service revenues accounted for $17.1 billion of that, up 8.3-percent y-o-y
- ARPA (Avg Revenue Per Account) was $152.50 per month, up 6.4-percent
- Operating income margin of 32.4-percent, up 1.6-perecentage points
- 941,000 net postpaid customer additions
- In total, 100.1 million retail connections, up 6.3-percent
Verizon also broke down a few more of its customer demographics and how they use its network. More than 36-percent of postpaid accounts are now on "Share Everything" plans, with an average of 2.7 connections per account on the network. Smart phones now account for over 64-percent of the postpaid customer base, up from 61-percent last quarter. Postpaid churn (how many customers are leaving the carrier) was 0.93-percent, and up slightly year-over-year.
As part of its earnings, the carrier also took a few lines to remind us that its LTE network now covers 301 million people across 500 markets, meaning that it now covers 99-percent of its 3G footprint as well. Overall it was a strong quarter for Verizon posting increases in all the right places from earnings to customer demographics.
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