May 19, 2024

  • AT&T Inc T reported third-quarter FY22 running revenues of $30.00 billion, down 4.1% year-over-year, beating the consensus of $29.86 billion. 
  • The decline mirrored WarnerMedia and different divestments.
  • Except the affect of the divestitures, running revenues for standalone AT&T have been up 3.1%, reflecting greater Mobility revenues.
  • Within the Mobility section, AT&T clocked 964 thousand postpaid web provides, 708 thousand postpaid telephone web provides, and 108 thousand pay as you go telephone web provides. 
  • In Mobility, it noticed a Postpaid churn of one.01%, which higher from 0.92% ultimate 12 months. The Shopper Wireline section had 338 thousand of AT&T Fiber web provides.
  • AT&T’s adjusted EBITDA of $10.71 billion used to be down from $10.80 billion a 12 months in the past. The corporate generated $3.8 billion in loose money glide. It spent $5.9 billion on Capex.
  • Pay as you go churn used to be not up to 3%, with Cricket considerably decrease. Postpaid phone-only ARPU used to be $55.67, up 2.4% as opposed to the year-ago quarter, because of pricing movements, greater world roaming and a mixture shift to higher-priced limitless plans.
  • Working Source of revenue: Working source of revenue declined to $6.0 billion from $6.2 billion a 12 months in the past.
  • Mobility section running source of revenue used to be up 7.2% Y/Y to $6.42 billion with a margin of 31.7%. Industry Wireline section running margin used to be 15.6%.
  • Adjusted EPS of $0.68 beat the consensus of $0.61.
  • Outlook: AT&T expects to succeed in wi-fi carrier income enlargement within the higher finish of the 4.5% – 5%. It up to date Mid-band 5G spectrum end-of-year goal to greater than 130 million other people.
  • “We are making an investment at file ranges to make stronger our 5G and fiber connectivity and to ship the most efficient enjoy to be had available in the market,” mentioned John Stankey, AT&T CEO. 
  • Worth Motion: T stocks traded greater by way of 2.96% at $16 within the premarket at the ultimate test Thursday.