Verizon Communications - Statistics & Facts

Verizon Communications is a broadband and telecommunications operator headquartered in New York. It is one of the two largest telecommunications operators in the United States, alongside AT&T Inc., generating around 130 billion U.S. dollars in annual revenue. The company today is the result of a merger of Bell Atlantic and GTE Corporation in 2000, and a joint venture with Vodafone, a British multinational telecommunications company.

The company has a retail customer base of 118 million subscribers. Verizon's average monthly churn rate is around 1.23 percent as of 2018. Verizon does not report average revenue per user (ARPU), choosing to focus instead on the metric of average revenue per account (ARPA), which has continously declined over the past few years from alomst 160 U.S. dollars in 2014 to 134.49 U.S. dollars in 2018.

Today Verizon Communications employs approximately 144.5 thousand people and provides a range of communications, information, and entertainment products and services to consumers, businesses, and government agencies, both in the U.S. wireless and wireline markets. In the wireless segment, AT&T and Verizon continue to tussle for top position, both sitting comfortably above Sprint Corporation and T-Mobile U.S. in terms of revenue. Similarly, in the wireline market, AT&T and Verizon hold the top spots, while CenturyLink holds the third-largest market share. This success contributes to Verizon being considered one of the most valuable telecom brands globally in 2018.

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Verizon Communications

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Market share & financials

Subscribers, churn rate & ARPU

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