Verizon adds 416,000 broadband subscribers

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Verizon Communications closed 2022 with fourth-quarter results marked by wireless service revenue growth and the highest total wireless retail postpaid net additions in seven years. Total broadband net additions of 416,000 was the best total broadband performance in over a decade, reflecting a strong demand for Fios (59,000 net additions) and fixed wireless products. This result included 379,000 fixed wireless net additions, an increase of 37,000 fixed wireless net additions from third-quarter 2022. The company reported sequential quarterly net addition growth in fixed wireless throughout 2022. Full-year 2022 total broadband net additions were 1,290,000, an increase from 409,000 total broadband net additions in full-year 2021.

Strong wireless service revenue growth highlights Verizon's 4Q and 2022 results