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Back in 2015, Time Warner Cable testified they make a 97 Percent Profit Margin on High-Speed Internet Service for residential customers. I would guess Verizon i
by 293984j29384 2y ago
Back in 2015, Time Warner Cable testified they make a 97 Percent Profit Margin on High-Speed Internet Service for residential customers. I would guess Verizon is doing okay.
- betaby 2y agoThat was because according the accounting infra is mostly amortized for 'triple play' and TV was ( is ? ) highly profitable. Basically 97% math assumed that infra was built for TV channel delivery and the Internet is 'free bonus'. I don't work for TWC and have no their services. However friend of mine worked in past for a regional competitor of TWC around 2010 and explained the logic above.
- 293984j29384 2y agoVerizon made a net profit of 12 billion USB last year. The year before they made 24 billion in net profit. This is a highly profitable business.
- betaby 2y agoThose billions are mostly from mobile. My point is specifically about home Internet.