Verizon is on a roll, posts another $27.5 billion in Q2 revenues

Hot on the heels of AT&T’s happy earnings tidbits yesterday, VZW’s latest figures also show that it’s raking the money in nice and regular. Total operating revenues in Q2 were $27.5 billion — that’s up half a billion on Q1 2011 and 6.3 percent on Q2 2010 (on a non-GAAP basis). The Big Red claims 2.2 million net additions to its wireless customer base, contributing to a 6.6 percent year-on-year increase in wireless service revenues and a 22.2 percent increase in wireless data revenues. The wireline side of the business also performed well, with 189,000 FiOS Internet additions and 184,000 FiOS TV additions adding up to a 9.4 percent year on year increase. Chairman and CEO Ivan Seidenberg summed it up as “one of Verizon’s best quarters since the 2008 economic downturn.” Verizon is on a roll, posts another $27.5 billion in Q2 revenues originally appeared on Engadget on Fri, 22 Jul 2011 08:23:00 EDT. Please see our terms for use of feeds . Permalink

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