Verizon 1Q20 Results: Kicking Off 2020 with Strong Operational Performance

Verizon 1Q20 Results: Kicking Off 2020 with Strong Operational Performance

This IDC Market Note discusses Verizon's 1Q20 results, released April 24, 2020. Given the social and economic impact of the COVID-19 pandemic, Verizon experienced a strong financial quarter. Like most other communications service providers, Verizon's network performed admirably, easily handling the surge of traffic with a seamless implementation of additional capacity in key sectors. However, the real test to the company's resilience is on the horizon."The economic impact of the COVID-19 depression will be felt in the second quarter with a sharp down turn in revenue from shuttered business and a slow and uncertain timeline for recovery," said Courtney Munroe, research vice president, Worldwide Telecommunications Research.

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Executive Snapshot
In This Market Note
IDC's Point of View
Impact of COVID-19 on Verizon's Network
Consumer Segment Performance
Business Segment Performance
Media Segment Performance
Capital Investments
Key IDC Takeaways on the Results
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Related Research
Synopsis

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