Verizon's FiOS TV Subscriber Growth Slows in First Quarter
The telecom giant again signed up fewer pay TV subscribers than in the year-ago period.
Telecom giant Verizon Communications said Thursday that its FiOS TV service signed up 169,000 new pay TV subscribers during the first quarter.
That was up from the 134,000 user additions in the fourth quarter, but below the 180,000 that Verizon had signed up in the year-ago period. Slower TV user growth rates have been the trend at the company
As of the end of March, FiOS TV had 4.9 million total subscribers. The service competes with cable and satellite TV operators. Verizon's results kicked off the latest earnings season for pay TV companies.
Verizon also added 188,000 net new FiOS broadband subscribers in the first quarter, bringing its total to 5.6 million. Its total broadband user base, including DSL customers, reached 8.9 million.
Verizon's quarterly earnings of $1.95 billion was up 16 percent from the year-ago period. First-quarter revenue rose 4.2 percent to $29.4 billion.