Mastering challenges with strong mobility…

• Revenue: Slight decline due to lower fixed line services and mobility device revenues, offset by growth in mobile services and fiber optic revenues.

• Adjusted EBITDA: Increase of 3.4% compared to the previous year, driven by growth in mobility, residential fixed lines and Mexico.

• Adjusted EPS: $0.60, compared to $0.64 last year.

• Free cash flow: $5.1 billion for the quarter, with year-to-date free cash flow of $12.8 billion.

• Capital investment: $5.5 billion for the quarter, with capital expenditures of $5.3 billion.

• Revenue from mobility services: Grown 4% year-on-year.

• Postpaid Phone Net adds: 403,000 for the quarter.

• Postpaid Phone Churn: 0.8%, a slight improvement from 0.79% last year.

• Fiber Sales Growth: Almost 17% year-on-year.

• EBITDA growth at Consumer Wireline: More than 8% for the quarter.

• Business Wireline EBITDA decline: Decline of 20% due to declines in legacy voice services.

• Reduction of net debt: Down approximately $1.1 billion in the quarter.

• Net debt to adjusted EBITDA: 2.8 times at the end of September.

Release date: October 23, 2024

For the full transcript of the conference call, please see the full conference call minutes.

• AT&T Inc (NYSE:T) reported strong growth in its mobility business with an EBITDA increase of 6%, positioning itself well for the fourth quarter.

• The company added 403,000 new postpaid phone subscribers in the third quarter, demonstrating solid subscriber growth.

• AT&T Inc (NYSE:T) posted positive overall broadband subscriber growth for the fifth straight quarter despite challenges including work stoppages and hurricanes.

• With more than 200,000 AT&T Fiber additions for 19 consecutive quarters, the company continues to lead the fiber space, driven by strong customer demand.

• AT&T Inc (NYSE:T) is successfully reducing its net debt and increasing operating leverage, aiming to achieve a net debt to adjusted EBITDA ratio of 2.5x by the first half of next year.

• Revenue declined slightly due to declining revenue from fixed-line services for businesses and low-margin revenue from mobility devices.

• The business wireline segment continues to face challenges, with a 20% decline in EBITDA due to long-term declines in traditional voice services.

• Adjusted earnings per share fell to $0.60 from $0.64 in the year-ago quarter due to various headwinds.

• The company took a $4.4 billion non-cash goodwill impairment charge for its wireline business.

• AT&T Inc (NYSE:T) expects higher capital expenditures in the fourth quarter, which could impact free cash flow.

The story continues