The telecom giant, led by CEO Hans Vestberg, reports its latest results.
Verizon lost 86,000 net pay TV subscribers for its Fios consumer video service in the second quarter, compared with a loss of 78,000 in the first quarter and a loss of 62,000 in the year-ago period, the telecom giant said on Friday.
The company has in the past often cited “the ongoing shift from traditional linear video to over-the-top offerings,” amid the growth of streaming services, as a key driver of video subscriber declines. It ended June with more than 3.4 million consumer Fios pay TV subscribers. Verizon, led by chairman and CEO Hans Vestberg, recorded 268,000 total broadband net additions, including 36,000 Fios Internet net additions at Verizon Consumer, ending June with more than 6.6 million Fios and more than 7.3 million total broadband subscribers. “Total broadband net additions increased 39,000 from first-quarter 2022,” the company noted.
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