Verizon has just come out with its Q4 results this morning, ending the fiscal year with yet another solid revenue report, and a decidedly less rosy net loss. according to rule to requirement to the provider, total revenue reached $18.3 billion during the final quarter of 2011, up 13 percent from last year. Verizon saw a particularly notable spike in data revenue, which reached $6.3 billion, representing a 19.2 percent escalation over the year, and comprising nearly 42 percent of all revenue. Overall, though, VZW ripe the quarter with a net loss of $2.02 billion, compared to the $2.64 billion profit it saw last year. The company also saw an escalation in its subscriber base, adding 98,000 broadband trade in the span of a quarter, including 201,000 FiOS hookup highway users, 194,000 new FiOS video subscribers, and a net addition of 1.2 million postpaid customers. As far as demographics go, smartphones now comprise a full 44 percent of Verizon's client base, up from 39 percent last quarter. For the full year, total revenue rundown at $70.2 billion, up 10.6 percent from Big Red's 2010 figures. For more stats and breakdowns, check out the full PR after the break.
Continue reading Verizon releases Q4 results, sees jump in revenue, broadband subscribers, net loss
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