Verizon Communications reports its second quarter 2013 earnings on Thursday, noting $2.25 billion in revenue for the quarter and an earnings per share of $0.78, up from an EPS of $0.64 during the same quarter last year. Verizon Wireless, a joint venture between Verizon Communications and Vodafone, reported particularly strong results.
The U.S. wireless carrier noted that it added 941,000 retail postpaid net additions, up 6 percent from the same quarter last year, and noted a super low postpaid churn of 0.93 percent. Verizon Wireless serves a total of 100.1 total retail connections – though that figure isn’t broken down to an exact number of customers (some people have multiple lines) and 94.3 million total retail postpaid connections. Verizon Wireless also sold 3.87 million iPhones during the quarter out of 7.5 million smartphones sold in total. That’s an impressive figure, despite a small drop off from the 4.1 million sold last quarter, particularly because the iPhone 5S is due this fall.
Verizon’s wireline revenues jumped 4.7 percent year-on-year and its average revenue per user now sits at $109.67. The company added 161,000 FiOS Internet customers and 140,000 FiOS video customers during the quarter and now serves more than 5 million FiOS customers in total.