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Wireline consumer
retail revenue
(in billions)
2013 2014 2015
$14.8 $15.6 $16.1
Fios Internet
subscribers
(in millions)
Fios Video
subscribers
(in millions)
Post, Engadget and TechCrunch.
Wealso launched a mobile-first social
entertainment platform called go90,
with content aimed at the millennial
customer —  an app we’ve described
as Hulu meets Twitter. Go90 offers
customers a whole different experi-
ence than they get from linear TV and,
while it’s early in the game, we have
been able to strike content deals with
such partners as the NFL, the NBA,
Awesomeness TV, Vice Media and
major advertisers who are interested
in reaching the young, highly mobile
viewer who may not subscribe to
traditional video services. With the
global market for mobile commerce
already at $48billion and growing,
the intersection of digital and mobile
represents a significant incremental
growth opportunity for Verizon.
The other new business opportunity
for us is the Internet of Things (IoT),
which brings connected solutions to
the physical environment. Already,
IoT is creating a new revenue stream
for Verizon, with revenues of about
$690million in 2015, up 18percent
year over year. We have a strong
and growing presence in the field of
telematics through which we help
companies manage large fleets of
vehicles and provide connected car
services to manufacturers such as
Mercedes Benz. We launched several
products in this space in 2015, includ-
ing hum, a connected car solution;
GridWide, a smart energy product;
Intelligent Lighting, which manages
lighting in cities and industrial sites;
and an agricultural technology solution
that manages water resources and
monitors crop conditions in large farms.
We also created a platform called
ThingSpace for developers of IoT
applications, which enables developers
to use our 4G LTE network to launch
their products. ThingSpace is already
hosting more than 4,000 developers,
injust its first few months of operation.
These moves into digital video and IoT
build on a foundation we’ve laid with
several years’ worth of strategic acqui-
sitions and business development.
They also leverage our concerted
efforts to accelerate our innovation
flywheel by establishing product
development groups in Silicon Valley
and Los Angeles to augment our exist-
ing Innovation Centers in Waltham,
Massachusetts and San Francisco.
Because we anticipated the shift to
mobile video, we are now a leader in the
complex art of delivering advertising
and video content in a TV- everywhere
world. Ourcore wireless and wireline
businesses benefit from these efforts
also, as we continue to add to our prod-
uct lineup with enhancements such as
Fios Custom TV.
We are just at the beginning of the
evolution to mobile-first video and
IoT deployment. As these platforms
2013 2014 2015
6.1 6.6 7.0
2013 2014 2015
5.3 5.6 5.8
IoT is creating
a new revenue
stream for
Verizon.
7
www.verizon.com/2015AnnualReport 2015 Annual Report
Chairman’s letter