Tag Archives: Subscriber

Verizon beats phone subscriber estimates
October 23, 2018 12:00 pm|Comments (0)

(Reuters) – Verizon Communications Inc (VZ.N) on Tuesday beat Wall Street estimates for net new phone subscribers who pay a monthly bill, helped by promotional offers for Apple Inc’s (AAPL.O) new iPhones.

The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid

Apple launched the iPhone XS, XS Max and XR in September, triggering heavy promotional activity in the telecoms industry. Under Verizon’s iPhone offer, a user can buy an iPhone and get up to $ 750 off on X and XR models.

The largest U.S. wireless carrier by subscribers faces competition from companies such as T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N), who offer discounts on call and data plans.

Verizon launched 5G home internet in four cities earlier this month, claiming status as the first to bring a commercial 5G product in the United States amid heated competition between major carriers.

Verizon said it added a net 295,000 phone subscribers during the third quarter, beating estimates of 161,000 new subscribers, according to research firm FactSet. [nGNXb3bkfn]

Net income attributable to the company rose to $ 4.92 billion, or $ 1.19 per share, in the third quarter ended Sept. 30, from $ 3.62 billion, or 89 cents per share, a year earlier.

On an adjusted basis, Verizon earned $ 1.22 per share, beating analysts’ estimates of $ 1.19 per share, according to Refinitiv data.

Verizon said it lost 63,000 Fios video subscribers during the quarter, more than the 18,000 it lost last year, as viewers continue to favor cheaper TV services delivered over the internet, over paying for pricier cable packages.

It added 54,000 Fios internet customers, compared to 66,000 added a year earlier.

Total operating revenue rose 2.8 percent to $ 32.61 billion during the quarter, beating analysts’ estimates of $ 32.51 billion, according to Refinitiv data.

Reporting by Akanksha Rana in Bengaluru and Sheila Dang in New York; Editing by Supriya Kurane

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Spotify hits subscriber targets but revenues slow on EU data rules
July 26, 2018 12:00 pm|Comments (0)

LONDON (Reuters) – Music streaming leader Spotify (SPOT.N) on Thursday reported results mostly in line with forecasts, as the number of paid subscribers rose 10 percent over the last three months, but revenue growth was slowed by new European data privacy rules.

FILE PHOTO: The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid/File Photo

Monthly subscribers, which account for around 90 percent of revenue, rose to 83 million at the end of June, up from 75 million in the first three months of 2018. Analysts, on average, was looking for 82 million subs, a Thomson Reuters poll showed.

Second-quarter revenue rose 26 percent to 1.27 billion euros, roughly in line with market expectations. Fifteen analysts polled by Thomson Reuters had forecast, on average, 1.26 billion euros.

“We did see some GDPR disruption across our European markets during Q2 but seem to be largely past that now,” the company said in a statement, referring to the European Union’s General Data Protection Regulation that came into effect in May.

Reporting by Eric Auchard in London; Editing by Adrian Croft

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