VZ Verizon Communications Inc.

Total mobile network traffic surges triple digits, according to Verizon’s first-ever Consumer Connections Report

Total mobile network traffic surges triple digits, according to Verizon’s first-ever Consumer Connections Report

Report reveals trends around the evolution of consumer connectivity through the lens of the most popular apps; plus a look at moving trends and state by state population flows

NEW YORK, March 11, 2024 (GLOBE NEWSWIRE) -- In just five years, total mobile network traffic has skyrocketed 129%, underscoring the critical importance of reliable connectivity in today’s digital age. Verizon’s inaugural analyzes data that highlights consumers’ increased dependence upon connectivity by examining the most popular apps, and paints a robust picture of state-to-state population flows and consumer data usage within cities across the United States. Key findings include:

There’s a growing demand for seamless connectivity - at home or on the go

  • City-level monthly mobile smartphone usage grew 34%, increasing from an average of 11.5GB per line in January 2022 to 15.5 GB per line in November 2023
  • Home Internet subscribers on Verizon’s 5G and LTE Home grew to nearly 1.9 million consumers at the end of 2023, a year-over-year increase of 111%

Video reigns supreme - dominated by two of today’s hottest apps

  • 47% of consumer mobile traffic was devoted to video in the second half of 2023, according to third-party data sources
  • Video-sharing platforms dominated in time spent daily on the app and weekly mobile usage, in looking at the most popular apps

Consumers are moving in search of lower costs and more space

  • Moving across state lines peaked in 2021, according to the number of Verizon accounts that started the year in a state and then left for a different state during the year
  • Consumers are leaving New York and California for warmer climates, lower costs of living and more space, in looking at the most popular state-to-state moves in 2023
  • The most frequent state-to-state moves out of New York were New York to Florida, New York to New Jersey, and New York to North Carolina. The most frequent state-to-state moves out of California were California to Arizona and California to Texas

Verizon’s Consumer Connections Report was designed to provide a view into how connectivity is influencing and improving the way we live, work and play. Verizon used several sources of information to develop the report including aggregate information obtained from trusted partners and third parties and de-identified and aggregate information about customer usage of Verizon’s connectivity services. The research provides insights about consumers, their interests, and the ways in which we can continue to connect people to the people and things they need and love most.

For more information or to download the full report, visit verizon.com/consumertrends.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed in 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $134.0 billion in 2023. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, and security.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at . News releases are also available through an RSS feed. To subscribe, visit .

Media contacts:

Adria Tomaszewski



Marnie Baddock



EN
11/03/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Verizon Communications Inc.

Blair Levin
  • Blair Levin

C-Band Update: What Does the El Paso Airport Shutdown and Broadcaster ...

The El Paso Airport Shutdown does not on the surface reference FCC spectrum policy. But what happened is a tale of two agencies, that both rhymes with past conflicts between the FCC and FAA and raises questions about the wireless industry’s hope for access to the Upper C-Band. In this note, we address those questions and others raised by broadcasters seeking to limit the amount of spectrum that wireless can bid on in the upcoming C-Band auction.

Verizon Communications Inc: 1 director

A director at Verizon Communications Inc sold/sold after exercising options 225,000 shares at 49.614USD and the significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's...

 PRESS RELEASE

Verizon to speak at Morgan Stanley Technology, Media & Telecom Confere...

Verizon to speak at Morgan Stanley Technology, Media & Telecom Conference on March 2 NEW YORK, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Dan Schulman, CEO of Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 2, at 12:20 p.m. PT / 3:20 p.m. ET. The session will be webcast, with access instructions available on Verizon’s Investor Relations website, . Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable netwo...

David Barden
  • David Barden

That’s a wrap! Takeaways from Metro Connect day 2

We just wrapped up day 2 at Metro Connect where we had meetings with a number of additional fiber operators. In this short note, we share our incremental takeaways from conversations at the event.

David Barden
  • David Barden

Takeaways from Metro Connect 2026 Day One

Greetings from sunny, if chilly Fort Lauderdale where we are attending Metro Connect which one of our companies described as one of the two most important infrastructure conferences of the year. We are soooo lucky not to have gotten snowed in. If you are in the northeast, please stay warm! We just wrapped Day One where we had meetings and run-ins with many, primarily, small to mid-size private fiber operators. In this short note, we present our key takeaways from our conversations at the event.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch