Verizon Q3 2010 results out: still biggest carrier, but slower growth than AT&T

Oct 22, 2010

Verizon has announced its financial numbers for Q3 2010, and with sub-1m additions in subscribers they've only just managed to stay ahead of arch-rival AT&T as holding the biggest subscriber base.  Still, revenue was up 6-percent from the same quarter a year ago, while data revenues were up a whopping 26.3-percent.  Average monthly revenue per user (ARPU), however, was lower than AT&T's customers are spending: $51.99 compared to the GSM carrier's $62.84.

What's consistent for both carriers is that data revenues are playing an increasingly significant role in overall profitability, with Verizon reporting that data accounted for 35.7-percent of all service revenues that quarter.  Text messages are also big business, however, with 183 billion sent or received, while 3.8 billion picture messages were sent.

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