Verizon has published its earnings report for Q2 2015. The US carrier performed rather well in the second quarter of this year, pulling in $32.2 billion of revenue. The company continues to battle competitors to retain customers, but did manage to see its churn rate drop to just 0.90% – the lowest in three years.
As well as revenue of $32 billion, Verizon also reported earnings of $4.23 billion ($1.04 a share), a slight increase from $4.21 billion ($1.01 a share) a year earlier. The company has experienced a 2.4 percent year-over-year increase in total revenues, and managed to add a total of 1.1 million retail postpaid connections during Q2. As touched on above, the churn rate (customers cancelling services) for Verizon in the quarter was 0.90%.
It’s a stark contrast to T-Mobile, which reported adding a total 2.2 million new subscribers during Q2 with a churn rate of 1.3%. Looking at the published report, Verizon relied heavily on tablet growth to bolster figures this quarter, which totalled 852,000. Verizon expects revenue to grow by 3% through 2015.