Reply With QuoteThanks for posting that info. If you read some of the threads here, you'd think that VZW was going bankrupt and on their last legs.
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Verizon turns corner in Q4 with 217K postpaid phone net adds
THE GOAT IN 5G
Total retail postpaid net adds for Q4 were 1.43 million and 2.6 million for full year 2022, a 23.2% increase from full-year 2021.
A key contributor to the company's retail postpaid net add growth was its fixed wireless access (FWA) broadband business.
Verizon added 379,000 FWA customers in the quarter. The company’s consumer group accounted for 262,000 of those 379,000 FWA net adds and Verizon Business tallied 117,000 of those FWA net adds.
The company now has 1.4 million total FWA subscribers.
https://www.fiercewireless.com/wirel...phone-net-adds
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“The Internet wasn’t meant to be metered in bits and bytes, so it’s insane that wireless companies are still making you buy it this way. The rate plan is dead — it’s a fossil from a time when wireless was metered by every call or text.” John Legere 1/5/2017
I've climbed a cellphone tower
Thanks for posting that info. If you read some of the threads here, you'd think that VZW was going bankrupt and on their last legs.
I've got more phones than fingers
Their quarter sucked. Don't be fooled by the cherry picking. They also lost 175K prepaid lines. So do the math. When Xfinity an Spectrum each are bringing in more lines to Verizon network than Verizon that says a lot. Also it was Christmas season so of course they are going to be bringing in liens during teh time of year when people are more open to spend money. Also they have 200,000 FEWER postpaid consumer accounts than in Q4 2021. Verizon needs to start losing 200K lines per quarter so they will finally learn a lesson and lower pricing and improve plansOriginally Posted by bmtvaquero
I've climbed a cellphone tower
Yep, until they start listening to the real pros on HoFo, they'll be on their way to the poor house. Poor Verizon.
I've climbed a cellphone tower
In my opinion it is too early to say they have turned the corner and these numbers could easily shift back to losses if VZW decides to implement more price hikes.
Why yes, that is a bag phone
You literally just told someone else not to cherry pick, then proceeded to cherry pick to try to make your point seem more "valid" than theirs. Only on the internet.....anyways, wireless service revenue was up over 6% yoy, consumer revenue was up over 4% yoy, business revenue up over 8%. The branded prepaid losses aren't overly concerning just yet and were expected with the TracFone interrogation. Not sure what your overall point is, but it seemed to be an alright quarter by most metrics, and wall Street seemed to agree. The stock rose around 4% since the release.
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Last edited by Serial Port; 01-27-2023 at 10:49 AM. Reason: Irrelevant comment removed
I've climbed a cellphone tower
Hot take. You wanna stop hemorrhaging customers and that lost revenue? Stop alienating long time loyal customers on older plans by raising prices and tacking on fees. All you’re doing is driving them away to your competitors. You want to attract new customers or entice current customers to upgrade? Lower the price of the damn plans and unlock ultra wideband 5G for everybody. Stop being greedy.
I've got more phones than fingers
Q3 2022 92,792,000 retail consumer postpaid lines
Q4 2002 92,639,000 retail consumer postpaid lines
153K FEWER lines Q3-Q4
Q4 2021 92,815,000 retail consumer postpaid lines
Q4 2002 92,639,000 retail consumer postpaid lines
176K FEWER lines Q4 2021-Q4 2022
Q3 2022 35,034,000 retail consumer postpaid accounts
Q4 2022 35,002,000 retail consumer postpaid accounts
32K FEWER accounts Q3-Q4 2022
Q4 2021 35,332,000 retail consumer postpaid accounts
Q4 2022 35,002,000 retail consumer postpaid accounts
330K FEWER accounts Q4 2021-Q4 2022
Weird how this info doesn't somehow count to you
Last edited by Serial Port; 01-27-2023 at 10:50 AM. Reason: Irrelevant comment removed
Why yes, that is a bag phone
Q3 2022 92,792,000 retail consumer postpaid lines
Q4 2002 92,639,000 retail consumer postpaid lines
153K FEWER lines Q3-Q4
Q4 2021 92,815,000 retail consumer postpaid lines
Q4 2002 92,639,000 retail consumer postpaid lines
176K FEWER lines Q4 2021-Q4 2022
Q3 2022 35,034,000 retail consumer postpaid accounts
Q4 2022 35,002,000 retail consumer postpaid accounts
32K FEWER accounts Q3-Q4 2022
Q4 2021 35,332,000 retail consumer postpaid accounts
Q4 2022 35,002,000 retail consumer postpaid accounts
330K FEWER accounts Q4 2021-Q4 2022
Anyways as I said earlier, when you look at the whole quarter it was alright. Revenue is up, churn is down, and their fixed wireless services are actually attracting users. Investors seemed to agree. I’m sure your assessment matters much more to Verizon than investor sentiment.
Last edited by Serial Port; 01-27-2023 at 10:54 AM. Reason: Irrelevant comments removed
I've climbed a cellphone tower
But how long can VZW sustain profitability if the losses continue? My understanding is their business segment is making up for the losses on the consumer side for now but that is not sustainable, considering businesses are laying off employees meaning they need fewer lines of service. Keep in mind you can artificially increase profits by cutting expenses like labor, closing down stores, raising rates/fees, and cutting capex giving the illusion you are okay and profitable.
Last edited by Serial Port; 01-27-2023 at 12:05 PM.
Why yes, that is a bag phone
Their business segment alone makes more money than T-Mobile as a whole. It’s making more money now than ever before. Their business segment is fine. Their fixed wireless segment is making more money now than ever before, their consumer wireless segment is making more money now, than ever before….the company as a whole, is making more money now than ever before. It’s hard to push “doom and gloom” when the company right now is in a better financial position, than ever before. Has free cash been higher in the past? Of course, but capex these last few years has been higher than ever before due to C band rollout. Apparently the people that left Verizon weren’t really that profitable to begin with, because they left and consumer wireless revenue increased.
This doesn’t just go for Verizon, this goes for all 3 carriers, all 3 are making more money now than ever before.
I've climbed a cellphone tower
We need to get Verizon executives to come here on HoFo and get some valuable advice from our arm chair quarterbacks! If Verizon did that, AT&T and T-Mobile would be out of business in a few months.
THE GOAT IN 5G
Looks like the Spectrum One offer from Charter added nicely to Q4’s new subscriber numbers:
https://www.fiercewireless.com/wirel...5000-new-lines
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I've got more phones than fingers
Could also be the 2nd line free for 12 months offer. I mean you're basically getting Start Unlimited for $30 a line with no extra taxes or fees. Even without any other deals 4 lines is $120 vs Start which is $140 plus taxes/fees which in our area makes is $164. Even the Unlimited plus would be $160
What carriers does Verizon roam onto in Brazil with TravelPass enabled?
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