Verizon Fios Revenues Reaches $2.9 Billion in Q1 2017

  • Verizon Communications
NEW YORK – Verizon Communications reported revenue growth for Fios broadband and Internet of Things (IoT) services in its first-quarter 2017 results. Total Fios revenues grew 4.7 percent, to $2.9 billion, comparing first-quarter 2017 with first-quarter 2016. This supported revenue growth of 0.7 percent in consumer markets and 2.3 percent in business markets. In first-quarter 2017, Verizon added a net of 35,000 Fios Internet connections and lost a net of 13,000 Fios Video connections. At the end of first-quarter 2017, Verizon had 5.7 million Fios Internet connections and 4.7 million Fios Video connections, year-over-year increases of 3.3 percent and 0.1 percent, respectively.



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