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.

Anthony Garreffa | Apr 24, 2014 at 1:29 pm CDT

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.

Verizon posts $21 billion revenue for Q1 2014 | TweakTown.com

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.

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ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.