Verizon Reports Strong Start to the Year, Despite 178K Phone Net Losses 6 seconds ago Verizon reported its first-quarter results, citing a strong start to the year despite reporting 178,000 phone net losses. Verizon’s latest quarterly reports are a mixed bag, simultaneously beating expectations and losing 178,000 subscribers. The company reported $5.4 billion net income for the quarter, an increase of 25.4%. Similarly, the earnings per share came in at $1.27, up from the $1.00 they were a year ago. Total wireless revenue came in at $16.7 billion, a 2.4% increase year over year. In spite of that, Verizon experienced 170,000 retail postpaid net losses, including 178,000 phone net losses, compared to 68,000 net phone loses a year ago.