October 21, 2020
The pay-TV subscriber hits keep coming.
Verizon Oct. 21 reported that its Fios TV pay-TV service finished the third quarter (ended Sept. 30) with 3.92 million subscribers — down 6.6% from 4.2 million subs in the previous-year period. Through nine months of the fiscal year, Fios TV has jettisoned 277,000 subscribers, or 29.9% from the previous-year period.
Like most pay-TV operators, Verizon has seen an uptick in high-speed Internet subscribers requiring broadband to access over-the-top video services such as Netflix, Disney+, Hulu and Amazon Prime Video.
Verizon reported 139,000 Fios Internet net additions, an increase from 30,000 Fios Internet net additions in third-quarter 2019, and 144,000 Fios Internet net additions across consumer and business, the most since fourth-quarter 2014.
Broadband subscriptions increased 4.1% to 6.1 million, from 5.9 million during the previous-year period. Through nine months, broadband subs have risen 96.2%, or 208,000 subs, since last year.