Verizon revenues grew 4.1 percent to $120.6 billion in 2013. Verizon Wireless, FiOS and strategic enterprise services were the growth drivers.
Operating income was $32 billion in 2013 with an operating income margin of 26.5 percent against 11.4 percent for 2012.
Verizon wireless revenue
Verizon’s wireless revenue rose 5.7 percent to $21.1 billion in fourth-quarter 2013. Service revenues in the quarter rose 8 percent to $17.7 billion. Retail service revenues grew 7.5 percent to $17 billion.
In 2013, Verizon’s wireless revenue rose 6.8 percent to $81 billion, and service revenues were $69.0 billion in 2013, up 8.3 percent.
Verizon retail post-paid ARPA (average revenue per account) grew 7.1 percent to $157.21 per month.
Verizon Wireless added 1.7 million retail net connections in the fourth quarter, including 1.6 million retail post-paid net connections. The company added 4.1 million net retail post-paid connections in 2013.
In 2013, smartphones accounted for 70 percent of the Verizon Wireless retail post-paid customer phone base, up from 67 percent at the end of third-quarter 2013.
Verizon wireline revenue
In fourth-quarter 2013, consumer revenues from Verizon Wireline rose 6.4 percent to $3.8 billion. Consumer ARPU for wireline services increased to $117.06 in fourth-quarter 2013, up 10.8 percent compared with fourth-quarter 2012.
Representing 73 percent of total consumer revenues, FiOS consumer revenues grew 14.9 percent, to nearly $2.8 billion, in fourth-quarter 2013, compared with fourth-quarter 2012. Total FiOS revenues grew 15.6 percent over the same period.
In fourth-quarter 2013, Verizon added 126,000 net new FiOS Internet connections and 92,000 net new FiOS Video connections. Verizon had a total of 6.1 million FiOS Internet and 5.3 million FiOS Video connections at year-end 2013, representing year-over-year increases of 11.9 percent and 11.3 percent, respectively.
FiOS Internet penetration was 39.5 percent at the end of fourth-quarter 2013, compared with 37.3 percent at the end of fourth-quarter 2012. In the same periods, FiOS Video penetration was 35.0 percent, compared with 33.3 percent. The FiOS network passed 18.6 million premises by year-end 2013.
In the fourth-quarter 2013, 46 percent of consumer FiOS Internet customers subscribed to FiOS Quantum, which provides speeds ranging from 50 to 500 megabits per second, up from 41 percent in the third-quarter 2013. In fourth-quarter 2013, 55 percent of consumer FiOS Internet sales were for speeds of at least 50 megabits per second.
