The result is a slowdown for Oath, but not for Verizon’s plan for content and advertising.
“We are investing in networks, creating platforms to add value for customers and maintaining a focused, disciplined strategy,” Vestberg said.
By winning the race for 5G mobile coverage, Verizon puts itself in position to win streaming deals like the NFL mobile broadcast package it launched late last year, said CFO Matthew Ellis. This strategy could put Verizon in the mix for more ad dollars without taking on tens of billions of dollars in debt, as AT&T has done to buy Time Warner and an ad tech portfolio.
The integration of AOL and Yahoo into a consolidated ad tech offering is still expected to finish by the end of the year, Ellis said. “We just need the revenue side of the business to achieve its potential, too, and then we’ll be happy with the business.”