Verizon Loses 22K Fios Video Subs, Adds 66K Fios Internet Subs in Q1

Feeling some pain from cord-cutting and general video competition, Verizon Communications lost 22,000 Fios video subs in Q1, widened from a loss of 13,000 video subs in the year-ago quarter.  

Verizon also added 66,000 Fios internet subs, up from 35,000 gains a year earlier.  

With DSL losses factored in, Verizon added 7,000 broadband subs in Q1, versus a loss of 305,000 subs a year earlier.  

Verizon also shed 14,000 Fios digital voice customers in Q1, widened from a loss of 8,000 in the year-ago period.  

Verizon ended Q1 with 4.59 million Fios video connections, 5.91 million Fios internet connections, and 3.89 million Fios digital voice connections.  

Overall Fios-related Q1 revenues rose 2.1%, to $2.95 billion, driven in part to increased demand for faster broadband service tiers. Total wireline operating revenues dropped 1.6%, to $7.55 billion.  

Wireless connections rose 2%, to 116.18 million, despite a 6.7% drop in retail prepaid subs.