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Expectations for Verizon’s Prepaid Net Additions in Q1

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Updated

Verizon’s prepaid customers

In this article, we’ll take a look at the kind of prepaid customer net additions we can expect from Verizon (VZ).

Wall Street analysts expect Verizon to see a net loss of 250,000 prepaid customers in the first quarter compared to its net loss of 335,000 prepaid customers in the first quarter of 2018.

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In the fourth quarter of 2018, Verizon lost 90,000 prepaid net customers compared to its net loss of 184,000 prepaid customers in the fourth quarter of 2017. Verizon’s number of prepaid customers had fallen ~14.0% YoY (year-over-year) to 4.6 million as of December 31, 2018.

T-Mobile’s (TMUS) number of prepaid customers had risen ~2.3% YoY to 21.1 million, Sprint’s (S) number of prepaid customers had fallen ~1.7% YoY to 8.8 million, and AT&T’s (T) number of prepaid customers had risen ~10.9% YoY to 17.0 million as of December 31, 2018.

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Peer comparison

T-Mobile is expected to report 119,000 prepaid customer net additions in the first quarter. AT&T is expected to report 50,000 prepaid customer net additions, and Sprint is expected to report 165,000 prepaid customer net losses in the same quarter.

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