Verizon Lost 62,000 Pay TV Subscribers in Q2 2021

Verizon reported its Q2 performance on Wednesday. In the report, the company showed a 62,000 net loss for Fios Video.

Verizon made up for those losses with broadband additions for the quarter, adding 92,000 Fios Internet customers in Q2.

In the report, Verizon noted that it will continue to offer new and existing customers more upgrade options for wireless and broadband plans, including upgrades for entertainment and gaming. Verizon currently has deals including a free year of Amazon Prime for Fios Gigabit Connection plans, a year of Discovery+ for 5G Home Internet customers, two free months of Sling Orange or Sling Blue, and wireless plans with everything from the Disney Bundle to Apple Arcade included.

“We are executing on our multipurpose network strategy and producing positive results in each of our five growth vectors, recording strong second quarter results. With more connections on our network than anyone else, our already excellent network performance improved in the quarter and was recognized by RootMetrics as the best overall network performance for the 16th time in a row. We are also expanding our 5G Ultra Wideband and 5G Home markets,” said Verizon Chairman and CEO Hans Vestberg. “We are excited about our momentum leading into the second half of the year.”