(Finance) – Verizon Communicationsa US broadband and telecommunications provider, has registered total revenue of $ 34.2 billion in the third quarter of 2022, up 4% compared to the third quarter of 2021.Net income was $ 5 billion, down 23.3% from the third quarter of 2021, while theAdjusted EBITDA was $ 12.2 billion, down 0.4% year-over-year. L’earning per share was $ 1.17, compared to $ 1.55 in the third quarter of 2021.Adjusted EPSexcluding special items, was $ 1.32, compared to $ 1.42 in the third quarter of 2021. The market, according to Refinitiv data, was expecting earnings per share of $ 1.29 on revenues of 33.8 billion. dollars.
The “total broadband net additions“they were 377,000, including 342,000”fixed wireless net additions“, reflecting” strong demand for reliable, high-value broadband offerings, “the company emphasized.” Total broadband net additions “have increased by 109,000 since Q2 2022 and” fixed wireless net additions “have increased. of 86,000 from the second quarter of 2022. The “postpaid phone net additions” were 8,000, well below the expected 35,400 (according to Factset data).
“In the third quarter we took a number of actions that helped improve operational and financial performance, but we know that there is still a lot of work to be done – said the CEO Hans Vestberg – The price actions we took earlier this year, as well as our new cost savings program, show that we are strategic in our decisions to strengthen our business. ”