{"id":235136,"date":"2010-01-27T03:40:17","date_gmt":"2010-01-27T08:40:17","guid":{"rendered":"http:\/\/www.stoth.com\/2010\/01\/27\/verizon-lost-653-million-last-quarter-in-spite-of-increasing-revenues\/"},"modified":"2010-01-27T03:40:17","modified_gmt":"2010-01-27T08:40:17","slug":"verizon-lost-653-million-last-quarter-in-spite-of-increasing-revenues","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/235136","title":{"rendered":"Verizon lost $653 million last quarter in spite of increasing revenues"},"content":{"rendered":"

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\"\"<\/a>91.2 million total customers, 2.2 million of whom joined in Q4<\/a>, $27.1 billion operating revenue in the quarter, and you still make a loss? Well, in fact Verizon made a tidy profit, which may be considered comparable to Google and Intel’s<\/a> latest results, but its culling of jobs at the end of last year cost it a whopping $3 billion (presumably in redundancy settlements). Still, the company looks buoyant with that quarterly revenue number growing by 9.9 percent year-on-year, and CEO Ivan Seidenberg noting that significant costs were incurred in setting up for a 4G network deployment in 2010. Our favorite nugget of info? The “cash expense per customer” per month number: $27.62, which presumably includes Droid subsidies and the like. How does that compare to what you’re giving VZW each month?<\/p>\n

[Thanks, Josta]<\/p>\n

Verizon lost $653 million last quarter in spite of increasing revenues<\/a> originally appeared on Engadget<\/a> on Wed, 27 Jan 2010 03:28:00 EST. Please see our terms for use of feeds<\/a>.<\/p>\n

<\/h6>\n

Permalink<\/a> \"\"New York Times<\/a><\/span>  |  \"source\"Verizon<\/a><\/span>  | Email this<\/a> | Comments<\/a> <\/p>\n

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Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

91.2 million total customers, 2.2 million of whom joined in Q4, $27.1 billion operating revenue in the quarter, and you still make a loss? Well, in fact Verizon made a tidy profit, which may be considered comparable to Google and Intel’s latest results, but its culling of jobs at the end of last year cost […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-235136","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/235136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=235136"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/235136\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=235136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=235136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=235136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}