US operators Q2 2018: Verizon does a bit better than AT&T
Both giant US operators announced their Q2 2018 numbers recently with Verizon exceeding expectations but AT&T not so much.
Verizon managed higher revenues and profits than analysts were expecting and also beat expectations with 398,000 postpaid smartphone net adds. AT&T’s revenues, meanwhile, were a bit below what the street anticipated, but earnings per share were better so it’s swings and roundabouts at the end of the day, or something like that.
“Verizon is extremely well-positioned for the future,” said soon-to-be-replaced Verizon CEO Lowell McAdam. “Our financial and operating results for the first half of 2018 were strong, as evidenced by service revenue, earnings and operating cash flow growth delivered in a highly competitive marketplace.”
“It was an exciting quarter for AT&T as we completed the acquisition of Time Warner on June 14 and created a modern media company built around premium content, 170 million direct-to-customer relationships, advertising technology and high-speed networks,” said Randall Stephenson, AT&T CEO.
“Time Warner joins us coming off an impressive second-quarter. Turner turned in solid subscription and advertising revenue growth, Warner Bros. is in high gear with a record number of series in production, and HBO delivered strong subscriber revenue growth.
“Since we closed the Time Warner deal, we’ve also announced an agreement to acquire ad-tech leader AppNexus, which will be an important step to strengthen our leadership in advanced TV advertising. Our goal is to reshape the way media and entertainment work for consumers, and you will see us continue to do exactly that.”
The respective shares prices initially went in opposite directions, with Verizon up and AT&T down, but then everyone seemed to take the numbers with a pinch of salt and there was not a lot to choose between them at time of writing. McAdam had some stuff to say about the merits of being a major content owner on the analyst call, which Light Reading reported on. Here are the financial tables if you’re into that sort of thing.
Source: telecoms
Latest Jobs
-
- M&E Project Manager
- London
- £35,000 - £65,000 + Bonus + Benefits
-
M&E Project Manager with a Data centre / Construction / Mission Crticial background is needed in London area to join a leading Data Centre business. The M&E Project Manager MUST have experience working in data centre or mission critical project environments for a minimum of 2 years The M&E Project Manager will be responsible for planning, controlling and coordinating the delivery of various construction and business as usual projects. Ensuring work keeps to deadlines and within cost parameters. You will be responsible for overseeing projects worth over £5 million from start to finish, managing suppliers and contractors. This is an excellent opportunity for someone looking to build a career working for an internationally recoginised brand who truely belive in staff development and progression. Reference Number: PG7448
-
- Marketing Specialist
- London
- £35k - £37k + Bonus + Excellent Benefits
-
My client, a leading name in the IT industry, are seeking a Marketing Specialist to join their team. This is an excellent role for someone looking to develop themselves in a diverse role with resposnbilites and authority with the real chance to make change and have an effect on a global business. Required Experience: 5+ Years in Marketing + Public Relations Experience organising and running campaigns and events. Content Creation - Social Media, Website and Blogs Email Campaigns A degree in Marketing, Business admin or related subject Marketing qualification, ideally CIM. IT / Telecoms Background prefered but not essential. Reference: PG7447
-
- ServiceNow Administrator (Contract)
- London
- £350 Per Day
-
We are currently working on behalf of a London based service provider who are on the look out for a ServiceNow Administrator for a 6 month initial contract The ServiceNow Administrator will be responsible for supporting, configuring, scripting & integrating the ServiceNow ITSM (IT Service Management) tool. Requirements Current ServiceNow ITSM (IT Service Management) experience is a MUST Current experience within an IT service provider A Certified ServiceNow System Administrator certification isn’t a must be extremely beneficial Day Rate: £350 Per Day Reference Number: BD7439a
-
- Cyber Security Sales
- Berkshire
- £120,000 – £140,000 OTE
-
£120k - £140k OTE Sales Account Management / New Business in the London / Reading area. This opportunity comes with existing accounts with internal sales support. MUST have the ability to develop New business as well as help existing accounts. Experience selling Solution and Managed service experience preferred e.g. Check Point, Palo Alto, F5, etc. Must be UK based and ideally able to achieve SC clearance DCL Search & Selection Exclusive and looking to hire ASAP. Contact me for more info 07884666351 / chris.holt@DCLSearch.com Reference Number: CH7444