"Verizon’s postpaid phone net customer additions were 199k. Deutsche Bank expected 83k." fiercewireless.com financial/verizon-s-wireless-metrics-beat-expectations-q2 "ARPU posted positive sequential growth for the first time in years" VZ is no stranger to "unit economics."
Verizon included a pre-tax charge of $658M, mainly related to discontinuation of go90 and associated content, severance charges of $339M, and acquisition related charges of $120M, primarily pertaining to Oath.
verizon.com/about/news/ver… CAC, COGS and churn can be stone cold killers
verizon.com/about/news/ver… CAC, COGS and churn can be stone cold killers
Verizon lost 37k net pay TV subscribers for its Fios video Service" citing "pressures from cord-cutting of video bundles" reiterating that "we are not fans of linear TV". hollywoodreporter.com/news/verizon-l… "There is no intention of spinning out Oath," McAdam.
The primary lessons of FiOS and go90? "We are not going to be owning content," said Verizon's McAdam. What they see as their future is distribution below the application layer. Except Oath. 🤔
