PR Newswire
DALLAS, April 24, 2024
Company's investment-led approach and connectivity momentum fuels Mobility service and broadband revenue growth
DALLAS, April 24, 2024 /PRNewswire/ -- AT&T Inc. (NYSE: T) reported first-quarter results that highlighted consistent 5G and fiber customer additions and showcased profitable growth driven by increased Mobility service and broadband revenues.
First-Quarter Consolidated Results
First-Quarter Highlights
"Our results this quarter reflect continued strong growth in our Mobility and Consumer Wireline connectivity businesses, which represent about 80% of our total revenues," said John Stankey, AT&T CEO. "Customers are choosing AT&T and staying with us. We achieved a record-low first-quarter postpaid phone churn, grew consumer broadband subscribers for the third consecutive quarter, and expanded margins in Mobility and Consumer Wireline. We're also delivering on our commitment to grow and improve the quality and cadence of free cash flow, which increased by more than $2 billion year over year. This consistent, solid performance driven by our investment-led strategy gives us confidence to re-affirm our full-year consolidated financial guidance."
2024 Outlook
For the full year, AT&T reiterates guidance of:
Note: AT&T's first-quarter earnings conference call will be webcast at 8:30 a.m. ET on Wednesday, April 24, 2024. The webcast and related materials, including financial highlights, will be available at https://investors.att.com.
Consolidated Financial Results
Segment and Business Unit Results
Communications Segment | |||
Dollars in millions | First Quarter | Percent | |
Unaudited | 2024 | 2023 | Change |
| | | |
Operating Revenues | $ 28,857 | $ 29,152 | (1.0 %) |
Operating Income | 6,745 | 6,743 | --- % |
Operating Income Margin | 23.4 % | 23.1 % | 30 BP |
Communications segment revenues were $28.9 billion, down 1.0% year over year, with operating income essentially flat year over year.
Mobility | |||
Dollars in millions; Subscribers in thousands | First Quarter | Percent | |
Unaudited | 2024 | 2023 | Change |
| | | |
Operating Revenues | $ 20,594 | $ 20,582 | 0.1 % |
Service | 15,994 | 15,483 | 3.3 % |
Equipment | 4,600 | 5,099 | (9.8 %) |
Operating Expenses | 14,126 | 14,311 | (1.3 %) |
Operating Income | 6,468 | 6,271 | 3.1 % |
Operating Income Margin | 31.4 % | 30.5 % | 90 BP |
| | | |
EBITDA* | $ 8,955 | $ 8,369 | 7.0 % |
EBITDA Margin* | 43.5 % | 40.7 % | 280 BP |
EBITDA Service Margin* | 56.0 % | 54.1 % | 190 BP |
| | | |
Total Wireless Net Adds (excl. Connected Devices)1 | 741 | 690 | |
Postpaid | 389 | 542 | |
Postpaid phone | 349 | 424 | |
Postpaid other | 40 | 118 | |
Prepaid phone | 1 | 40 | |
| | | |
Postpaid Churn | 0.89 % | 0.99 % | (10 BP) |
Postpaid Phone-Only Churn | 0.72 % | 0.81 % | (9 BP) Werbung Mehr Nachrichten zur AT&T Aktie kostenlos abonnieren
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