Verizon Fios TV Lost 67K More Customers in Q3 as Platform Continues to Slip into Irrelevancy

By Daniel Frankel
published

The hottest TV distribution platform in the video business just a decade ago, Verizon Fios TV lost another 67,000 customers in the third quarter, the wireless company announced.

The losses aren’t necessarily spiking but they’re steady—Fios TV lost 63,000 users in the third quarter of 2018. The platform’s last quarterly growth came in the fourth quarter of 2016, when it peaked at around 4.7 million users. It’s scale has fallen to less than 4.3 million as of the end of September.

Under the leadership of CEO Hans Vestberg, Verizon has for several years insisted that its main wireline goal is the continued proliferation of Fios Internet. To that end, Verizon has offered its customers promotional deals for virtual pay TV service YouTube TV, and more recently, the upcoming SVOD service Disney+.

Fios Internet added 30,000 customers in the third quarter.

“Our customers see value in our high-quality broadband offering paired with multiple choices for video through linear TV bundles or over-the-top options, such as YouTube TV and the recently announced Disney+,” Verizon CFO Matthew Ellis said during the company’s earning call on Tuesday. 

Daniel Frankel
Daniel Frankel

Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!