Verizon Adds 39,000 New Fios Internet Customers in Q4 2019

NEW YORK — In Q4 2019 Verizon Communications reported total wireline revenue of $7.1 billion, a decrease of 4.1 percent year over year. Fios Internet net additions showed a total revenue growth of 0.8 percent year over year.

Consumer Results Total Verizon Consumer revenues were $24.2 billion, an increase of 2.0 percent year over year, driven by continued strong growth in wireless and Fios service offerings, offset by declines in wireless equipment revenue and copper-based wireline services. For full-year 2019, total Consumer revenues were $91.1 billion, an increase of 1.4 percent from full-year 2018.

Verizon Consumer reported 35,000 Fios Internet net additions and 51,000 Fios Video net losses in fourth-quarter 2019, reflecting the ongoing shift from traditional linear video to over-the-top offerings. Consumer Fios revenues remained relatively flat, primarily due to the demand for broadband offerings, offset by the impact of video subscriber losses.