October 21, 2011 12:02 pm EDT

Verizon 'on track' in Q3, revenues up 5.4 percent to $27.9 billion

VZW's upward mobility shows no signs of slowing, as the carrier just reported total Q3 revenues of $27.9 billion -- up 5.4 percent on last year. As usual, much of the growth comes from pulling in new smartphone customers, who were among 882,000 new retail postpaid connections and who helped to bring Big Red's average revenue per user (ARPU) up to $54.89, which is 2.3 percent higher than the same quarter last year. We'll have to wait for the Q4 results to see any impact from the iPhone 4S or the new Droid RAZR, but, in the meantime, there are plenty of double-digits in Verizon's data revenue figures: it made $22.22 from each postpaid retail customer for data usage alone, which adds up to a 15.7 percent leap year-on-year. Read on for the full green-tinged breakdown in the PR.

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Verizon 'on track' in Q3, revenues up 5.4 percent to $27.9 billion originally appeared on Engadget on Fri, 21 Oct 2011 08:02:00 EDT. Please see our terms for use of feeds.

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