Verizon sees record revenue in Q4 2011, adds 1.5 million subscribers

If you see a Verizon executive walking around today whistling a happy tune, it's because the company's fourth-quarter 2011 earnings were just announced. Big Red recorded a 7.7 percent increase in revenue compared to Q4 2010, for its wireless (as in mobile) and wired (mainly FiOS) combined.

On the wireless side, Verizon saw $18.3 billion in total revenue, up 13 percent year over year. Data revenue was up 19.2 percent to $6.3 billion, and Verizon saw 1.5 million (net) new subscribers, its largest increase in three years. The vast majority of those new subscribers -- 1.3 million -- are of the traditional postpaid variety. Verizon now has 108.7 million total "connections," the company reported, 6.3 percent higher than Q4 2010.

Smartphones make up 44 percent of Verizon's customer base, compared to 39 percent for for the final three months of 2010. It didn't break down how many are Android, and how many are iPhone.

Source: Verizon (pdf)

Phil Nickinson