Earnings numbers increase across the board; 36-percent of customers now using 'Share Everything'
It's that time of the quarter where the big companies are posting their earnings, and this morning Verizon released its Q2 results. While Verizon operates both a wireless and wireline division, we're going to focus on just the wireless portion as it pertains to Android more directly. Here are the high points:
- Revenues of $20 billion for the quarter, up 7.5-percent year-over-year
- Service revenues accounted for $17.1 billion of that, up 8.3-percent y-o-y
- ARPA (Avg Revenue Per Account) was $152.50 per month, up 6.4-percent
- Operating income margin of 32.4-percent, up 1.6-perecentage points
- 941,000 net postpaid customer additions
- In total, 100.1 million retail connections, up 6.3-percent
Verizon also broke down a few more of its customer demographics and how they use its network. More than 36-percent of postpaid accounts are now on "Share Everything" plans, with an average of 2.7 connections per account on the network. Smart phones now account for over 64-percent of the postpaid customer base, up from 61-percent last quarter. Postpaid churn (how many customers are leaving the carrier) was 0.93-percent, and up slightly year-over-year.
As part of its earnings, the carrier also took a few lines to remind us that its LTE network now covers 301 million people across 500 markets, meaning that it now covers 99-percent of its 3G footprint as well. Overall it was a strong quarter for Verizon posting increases in all the right places from earnings to customer demographics.