Verizon's vitals: revenue up five percent year-on-year to $28 billion

Verizon is rembering how to turn to subscribers into cash, reporting consolidated revenues up 4.6 percent year-on-year to $28 billion, and earnings-per-share up 15 percent. By comparison, revenues were $27 billion in Q1 2012, and a mere $18 billion last quarter, which resulted in a $2 billion net loss. Big Red's performance is now as strong as ever, with subscriber numbers up five percent to 93 million, and with 47 percent of those customers using insanely profitable devices called smartphones.

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Verizon's vitals: revenue up five percent year-on-year to $28 billion originally appeared on Engadget on Thu, 19 Apr 2012 07:33:00 EDT. Please see our terms for use of feeds.