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Verizon follows AT&T on the black ink trail

Chris Ziegler

It looks like it's a surprisingly good time to be a behemoth US carrier, with both AT&T and Verizon reporting some pretty aggressive profits in the first quarter of 2008 in the face of a flagging economy. Many of Verizon's results closely mirror AT&T's actually, with data revenue absolutely destroying the numbers from a year ago -- up 48.9 percent year over year, in Big Red's case. As we can see from Verizon's own documentation here, they're tooting their horn against their arch-nemesis with more net adds, a slightly better ARPU, lower churn, and lower cost per customer, with service revenue and total subs (of course) being AT&T's big wins. Whether the momentum can be kept up through a challenging '08 remains to be seen, but it's a solid start for the nation's number two. Hit the gallery below for a big shot of Verizon's message to employees regarding the results.

[Thanks, anonymous tipster]

Gallery: Verizon follows AT&T on the black ink trail | 1 Photos


*Verizon has acquired AOL, Engadget's parent company. However, Engadget maintains full editorial control, and Verizon will have to pry it from our cold, dead hands.

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