Verizon reports 3Q results

Verizon experienced a total revenue of $34.2 billion, an increase of 4.0 percent from the third quarter of 2021. Total broadband net additions of 377,000, including 342,000 fixed wireless net additions, reflecting strong demand for reliable and high-value broadband offerings. Total broadband net additions increased by 109,000 from the second quarter of 2022, and fixed wireless net additions increased by 86,000 from the second quarter of 2022. Within this growth, Verizon added 61,000 Fios Internet subscribers, an increase from 36,000 Fios Internet net additions in the second quarter of 2022. Additionally, the company added more than 40 million households covered by fixed wireless in third-quarter 2022, including over 30 million households covered by 5G Ultra Wideband. Total Verizon Consumer revenue was $25.8 billion, an increase of 10.8 percent year over year, driven by wireless service revenue growth and higher equipment revenue. Out of total Verizon consumers, 234,000 of them were fixed wireless net additions and 58,000 Fios Internet net additions in the third quarter of 2022. Consumer Fios revenue was $2.9 billion in the third quarter of 2022, an increase of 0.3 percent year over year.