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Verizon Communications<\/a> Inc posted a 23% slide in third-quarter profit and missed market estimates for wireless subscriber additions on Friday, as several customers opted for cheaper plans from rivals AT&T Inc and T-Mobile US Inc.
Verizon<\/a> lost 189,000 monthly bill-paying phone subscribers in its consumer business in the quarter after the U.S. carrier raised prices for its plans in June through additional charges, which was over and above its already pricier plans.
While the company benefited from a 1% rise in gross wireless additions (in consumer business) in the quarter, finance chief Matt Ellis told Reuters, but it was offset by \"an increase in disconnects as we had some customers disconnect as a result of the pricing actions that we took\".
Verizon added 8,000 net new monthly bill paying wireless phone subscribers in the quarter, well below Factset estimates of 35,400 additions.
Telecom players are coming under increasing pressure to keep their plans affordable as rising cost of living crimps discretionary spending by customers.
That coupled with higher costs due to heavy investment in 5G technology and rising competition to retain high-paying subscribers has hurt Verizon, which has been adding fewer subscribers than its rivals.
The carrier's net income for the quarter fell 23.3% to $5 billion. Adjusted earnings per share came in at $1.32 per share.
Total revenue, however, rose 4% to $34.2 billion, above expectations of $33.78 billion, according to Refinitiv data.
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Verizon利润下降23%,价格较高的计划造成用户损失
Verizon损失了189000每月按时付款的电话用户在其消费者业务季度美国航空公司提高价格后为其计划通过额外费用,6月已经超过其昂贵的计划。
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威瑞森通讯公司公布第三季度利润下滑23%,低于市场预期的无线用户添加上周五,一些客户选择便宜的美国电话电报公司和t - mobile美国公司竞争对手的计划。
威瑞森损失了189000每月按时付款的电话用户在其消费者业务季度美国航空公司提高价格后为其计划通过额外费用,6月已经超过其昂贵的计划。
公司受益于无线增加生产总值(gdp)增长1%(在消费者业务)的季度财务主管马特•埃利斯告诉路透,但它抵消了“断开的增加,我们有一些客户断开的定价行为,我们花了”。
Verizon增加了8000个无线电话用户新增每月付账单的季度,远低于Factset的估计35400添加。
电信玩家面临越来越大的压力来保持他们的计划生活成本上升褶可自由支配开支的负担得起的客户。
伴随着更高的成本由于大量投资在5 g技术和日益激烈的竞争保持高薪用户已经伤害了Verizon,添加用户比竞争对手少。
承运人的季度净利润下跌23.3%,至50亿美元。调整后每股收益每股1.32美元。
然而,总收入增长4%至342亿美元,高于预期的337.8亿美元,根据Refinitiv数据。
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