When Verizon Communications purchased Yahoo! With brands like Yahoo, HuffPost and TechCrunch, Verizon Media transforms how people stay informed and entertained, communicate and transact. The following important factors, along with those discussed in our filings with the Securities and Exchange Commission (the “SEC”), could affect future results and could cause those results to differ materially from those expressed in the forward-looking statements: cyber attacks impacting our networks or systems and any resulting financial or reputational impact; natural disasters, terrorist attacks or acts of war or significant litigation and any resulting financial or reputational impact; the impact of the recent global outbreak of COVID-19 on our operations, our employees and the ways in which our customers use our networks and other products and services; disruption of our key suppliers’ or vendors' provisioning of products or services, including as a result of the COVID-19 outbreak; material adverse changes in labor matters and any resulting financial or operational impact; the effects of competition in the markets in which we operate; failure to take advantage of developments in technology and address changes in consumer demand; performance issues or delays in the deployment of our 5G network resulting in significant costs or a reduction in the anticipated benefits of the enhancement to our networks; the inability to implement our business strategy; adverse conditions in the U.S. and international economies; changes in the regulatory environment in which we operate, including any increase in restrictions on our ability to operate our business; our high level of indebtedness; an adverse change in the ratings afforded our debt securities by nationally accredited ratings organizations or adverse conditions in the credit markets affecting the cost, including interest rates, and/or availability of further financing; significant increases in benefit plan costs or lower investment returns on plan assets; changes in tax laws or treaties, or in their interpretation; and changes in accounting assumptions that regulatory agencies, including the SEC, may require or that result from changes in the accounting rules or their application, which could result in an impact on earnings.
Capital expenditures continue to support the capacity for unprecedented traffic growth across Verizon's networks and the deployment of fiber and additional cell sites to support the company's 5G Ultra Wideband rollout.In 2018, Verizon announced a goal to achieve $10 billion in cumulative cash savings by the end of 2021. in 2017, it merged AOL and Yahoo! It ended June with nearly 3.99 million video subscribers.Verizon also added 10,000 net customers for the FiOS internet service, which after a 59,000 customer gain in the first quarter was affected by "temporary restrictions put in place on work inside customers' homes." Media weighed on Verizon’s overall revenue, which adjusted up 1% to $34.3 billion. The company increased its bad debt reserve in first-quarter by $228 million based on the expected number of customers who will seek payment relief under the Keep Americans Connected pledge.The company ended first-quarter 2020 with $7 billion of cash on hand, an increase of $4.5 billion from year-end 2019. Verizon, which temporarily closed its retail stores, said that at the end of June roughly 60 percent of its stores were open. On an adjusted basis (non-GAAP), first-quarter 2020 EPS, excluding special items, was $1.26, compared with adjusted EPS of $1.20 in first-quarter 2019. Why he was bloody at the VMAsBrad Pitt's girlfriend reportedly is married but has 'open' relationshipConfessions of a voter fraud: I was a master at fixing mail-in ballotsRioters, looters could lose certain benefits under new bill Verizon Media revenue plunged over 24% to $1.4 billion. "This decline was primarily the result of significant declines in wireless equipment revenue in the consumer and business segments, primarily due to limited in-store engagement and the impact of COVID-19 on customer behavior," the company said. This is a meaningful improvement from the decline reported at the beginning of the year. Media results. That meant the company ended June with a total of 5.97 million internet subscribers.This earnings season is covering results for companies' second quarter of 2020, which includes the first full three months worth of pandemic fallout.Verizon, led by CEO Hans Vestberg, did not say on Friday how many of its users have taken advantage of the telecom giant's deal with Walt Disney's Disney+ streaming service. Post was not sent - check your email addresses! into a subsidiary named Oath Inc.. Good news for Verizon. Verizon's average monthly churn rate is around 1.3 percent as of 2019.
The telecom giant's Verizon Media unit posted a 25 percent revenue decline "primarily as a result of COVID-19 related impacts." Overall, Verizon’s net income rose 18.9 percent to $4.84 billion, or $1.13 a share, for the quarter ended June 30. Total Verizon Media revenues were $1.7 billion, down 4.0 percent year over year, driven almost entirely by COVID-19 impacts. BASKING RIDGE, N.J. Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report second quarter 2020 earnings on Friday, July 24. Revenue in the second quarter of 2020 fell 9% to $41 billion, driven by declines in the media and entertainment business as well as more cable TV cord cutting (net subscriber loss of … by $4.6 billion, … Management had previously said that the deal has exceeded the firm's expectations.The Verizon Media unit, which includes the likes of Yahoo, AOL and HuffPost, posted revenue for the second quarter of $1.4 billion, down 24.5 percent from the year-ago period. Analysts had projected Verizon … Access instructions and presentation materials, including Verizon’s earnings news release and financial tables, will be available at 7:30 a.m. on Verizon’s Investor Relations website, Stay up-to-date with the latest news stories from Verizon. The firm said this was "primarily as a result of COVID-19 related impacts. We will emerge from this crisis stronger, knowing we provided critical connectivity to our customers, and especially our first responders, while maintaining our commitment to investing in our 5G and Fiber strategies. "Verizon began 2020 with strong operational performance," said Chairman and CEO Hans ... Total revenue of $21.8 billion, a decrease of 1.7 percent year over year. With its newly released second-quarter report, the company says its loss of 81,000 pay-TV subscribers is in addition to a loss of 84,000 in the first quarter, the Hollywood Reporter notes. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.


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