Consolidated revenues had been down 0.5% in Q3, however AT&T mentioned 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 gear revenues attributable to decrease gross sales volumes. AT&T added, nonetheless, that these decreases had been offset by increased mobility service and shopper wireline revenues. Total, AT&T CEO John Stankey mentioned the corporate feels “nice” about this “constant” efficiency, and that the technique stays the identical, with a concentrate on 5G and fiber.
AT&T reported wi-fi postpaid cellphone internet 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 means of the yr our cell enterprise has grown EBTA by greater than 6%, which is within the excessive finish of the steering we supplied for the complete yr. 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 internet provides, which implies it has achieved greater than 200,000 fiber internet provides for 19 consecutive quarters. It additionally claimed shopper broadband revenues of $2.8 billion, up 6.4% year-over-year, and mentioned that’s has now handed 28.3 million shopper and enterprise areas with fiber.
Internet revenue was $0.1 billion versus $3.8 billion within the year-ago quarter.
Like final quarter, working bills had been up year-on-year, coming in at $28.1 billion versus $24.6 billion within the year-ago quarter. Once more, AT&T mentioned 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 providers was additionally accountable right here.
Stankey famous that these total robust quarter outcomes had been achieved regardless of extreme climate and a piece stoppage within the Southeast. Of the employee strikes, which came about 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 an analogous 4-year settlement within the West, we appropriately acknowledged our workers for the distinctive service and efficiency they supply our clients,” he mentioned.