Overview
- AT&T’s postpaid phone gains exceeded expectations at 405,000 additions versus FactSet’s 334,100 estimate, helped by wireless–fiber bundles and iPhone deals.
- Adjusted earnings came in at 54 cents per share in line with LSEG estimates, while revenue reached $30.7 billion against a $30.87 billion consensus.
- The company added about 270,000 fiber internet customers, slightly above FactSet projections, and says more than 41% of fiber households also take mobile service.
- Free cash flow totaled $4.9 billion in the quarter, topping the $4.8 billion figure cited by analysts.
- AT&T is pursuing a $23 billion purchase of EchoStar spectrum licenses to boost capacity, as equipment revenue rose 6.1% and mobility operating costs increased 3.8% on stronger device sales and marketing.