Verizon now has approximately 10.3 million broadband subscribers
Verizon released its third-quarter earnings and subscriber numbers for 2023. The company ended the quarter with approximately 10.3 million broadband subscribers, an increase of nearly 21 percent year over year. Total broadband net additions were 434,000, representing the fourth consecutive quarter that Verizon reported more than 400,000 broadband net additions. Total broadband net additions included 384,000 fixed wireless net additions, an increase of 42,000 fixed wireless net additions from third-quarter 2022. Verizon now has nearly 2.7 million subscribers on its fixed wireless service. Verizon also reported 72,000 Fios Internet net additions, an increase from 61,000 Fios Internet net additions in the third-quarter of 2022. For wireless, Verizon reported a total wireless service revenue of $19.3 billion, a 2.9 percent increase year over year. Postpaid phone net additions reached 100,000, and retail postpaid net additions of 581,000.
Verizon reports strong 3Q results momentum, raises free cash flow guidance