Verizon 1st Quarter Results

Verizon reported their 1st quarter results, again outpacing the competition in subscriber additions and keeping an industry low churn.

Net Additions = 1.7 million (1.6 million of which are direct customers)
Total Churn = 1.08% (drop from 1.2% this quarter last year)
ARPU (Avg. Revenue Per User) = $50.73 (4.2% increase year over year)
Data ARPU = $8.95 (54% increase year over year)
Wireless Revenues = $10.3 billion (increase of 17%)

Verizon ended the quarter with 60.7 million subscribers, just shy of Cingular's 62.2 million subscribers.