Verizon reports low fiber gains in second quarter 2022 results

Verizon reported its second quarter 2022 results on July 22. Total revenue for the company was $33.8 billion, relatively flat from second-quarter 2021. Its net income was $5.3 billion, a decrease of 10.7 percent from second-quarter 2021. Total broadband net additions reached 268,000, including 256,000 fixed wireless net additions. This was an increase of 39,000 from first-quarter 2022, and fixed wireless net additions increased 62,000 from first-quarter 2022. Verizon had 36,000 Fios Internet net additions. For wireless, the company saw total wireless service revenue of $18.4 billion, a 9.1 percent increase year over year. Total retail postpaid churn was 1.03 percent, and retail postpaid phone churn was 0.81 percent. The company had 12,000 postpaid phone net additions.