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Verizon posts $21 billion revenue for Q1 2014

Verizon Wireless enjoys a stellar Q1 2014, with revenues of $21 billion and 539,000 postpaid subscribers (NYSE:VZ)

| Business, Financial & Legal News | Posted: Apr 24, 2014 6:29 pm

Verizon has enjoyed a massive Q1 2014, seeing a total of $30 billion in revenue, with $20.9 billion of that coming from Verizon Wireless - its cellular-based business. This is an increase of close to 7% compared to the same quarter of 2013, but growth in Verizon's retail stores was slightly lower.

 

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Verizon Wireless has had a profit margin of 35%, which is an increase of 2.1% year-over-year. This represents a nice $7.3 billion. The increase can be attributed to Verizon's $130 billion purchase of the remaining 45% of Verizon Wireless that Vodafone had. A lot of the increased revenue and profits were from the new 549,000 subscribers that Verizon Wireless added this year.

NEWS SOURCES:Androidcentral.com

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