Consolidated revenues have been down 0.5% in Q3, however AT&T stated this was offset by increased mobility service and shopper wireline revenues
AT&T reported consolidated revenues of $30.2 billion for the third quarter, down 0.5%, pushed by decrease enterprise wireline service revenues and declines in mobility tools revenues resulting from decrease gross sales volumes. AT&T added, nevertheless, that these decreases have been offset by increased mobility service and shopper wireline revenues. General, AT&T CEO John Stankey stated the corporate feels “nice” about this “constant” efficiency, and that the technique stays the identical, with a give attention to 5G and fiber.
AT&T reported wi-fi postpaid cellphone web additions of 403,000, with mobility service revenues up 4% year-over-year to $16.5 billion for the third quarter, in addition to postpaid cellphone churn of 0.78%. “Three quarters of the best way by way of the 12 months our cell enterprise has grown EBTA by greater than 6%, which is within the excessive finish of the steering we supplied for the total 12 months. This places us in a strong place heading into the fourth quarter the place we anticipate seasonably increased cellphone bought exercise, upgrades and promotional cycles,” Stankey instructed buyers.
The corporate reported 226,000 fiber web provides, which suggests it has achieved greater than 200,000 fiber web provides for 19 consecutive quarters. It additionally claimed shopper broadband revenues of $2.8 billion, up 6.4% year-over-year, and stated that’s has now handed 28.3 million shopper and enterprise places with fiber.
Internet earnings was $0.1 billion versus $3.8 billion within the year-ago quarter.
Like final quarter, working bills have been up year-on-year, coming in at $28.1 billion versus $24.6 billion within the year-ago quarter. Once more, AT&T stated that is due prices primarily associated to its Open RAN community modernization focus in addition to increased depreciation on its fiber and 5G investments however added that faster-than-previously anticipated industry-wide secular decline of legacy companies was additionally responsible right here.
Stankey famous that these general robust quarter outcomes have been achieved regardless of extreme climate and a piece stoppage within the Southeast. Of the employee strikes, which passed off over the previous few months within the Southeast and within the West, he commented additional: “We’re happy to welcome our dedicated workers within the Southeast again to work on September 16th. With a newly ratified settlement, a 5-year contact within the Southeast and the same 4-year settlement within the West, we appropriately acknowledged our workers for the distinctive service and efficiency they supply our clients,” he stated.