Verizon expects to miss Oath estimates
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Verizon Communications posted its sixth straight quarter of subscriber growth, a sign of much-needed momentum as the company embarks on one of the biggest network rollouts in decades.
The growth seems to be a validation of Verizon’s steady-as-we-go strategy, which has focused on its network rather than pursuing deals like AT&T’s $85 billion acquisition of Time Warner. It also brings momentum at a key time: Verizon is in the early stages of building a fifth-generation network, part of an industrywide effort to increase speeds and find new revenue sources.
But not everything is going smoothly at Verizon. The New York-based company said it probably won’t meet a 2020 goal of $10 billion in revenue from its Oath division, an online media and advertising business built out of its Yahoo and AOL acquisitions.
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