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What to Expect for Verizon’s Wireless Service Revenue in 2Q17 | Market Realist

Earlier in 1Q17, Verizon reported wireless service revenue of $15.8 billion, a 6.1% fall YoY. This decline in wireless service revenue is because of the reduction in overage revenue and pricing plan optimization, mainly from single-line subscribers after the launch of the unlimited offerings.

About 71% of postpaid phone subscribers are now on an unsubsidized pricing plan, compared with 67% in 4Q16. As the penetration of unsubsidized plans increases, it should help Verizon improve the service revenue decline. Verizon’s management anticipates its wireless service revenue growth to stay negative in 2017, with positive growth starting in 2018.

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What to Expect for Verizon’s Wireless Service Revenue in 2Q17 – Market Realist.