That metric came in at $54, about a dollar ahead of consensus, and roughly flat from a year ago.ĪT&T matched Wall Street’s subscriber expectations on its other telecom growth focus: fiber-optic broadband. That didn’t hurt AT&T’s average revenue per user, or ARPU, in the first quarter.
#ATT WIRELESS BUSINESS UPGRADE#
wireless industry.ĪT&T has focused on customer retention in its promotions lately, offering generous device subsidies and upgrade offers to new and existing customers alike. It compares with an average of 1.1 million postpaid net adds per quarter during 2021, which was a blockbuster year for customer growth in the U.S.
That was well ahead of the Wall Street consensus of about 573,000 net adds. $5.6 billion in the year-ago period.ĪT&T said it added a net 965,000 postpaid subscribers last quarter - an all-important metric for wireless companies that refers to customers who pay a monthly bill. First-quarter capex was $6.1 billion, vs. AT&T plans to spend some $24 billion on capital expenditures this year, as it builds out its 5G wireless and fiber networks. That was down by about $900 million, largely due to ramped-up investment spending in the period. Standalone AT&T’s adjusted earnings before interest, taxes, depreciation, and amortization, or Ebitda, was flat year over year at $10.2 billion while free cash flow was $2.9 billion. Wall Street had been looking for 61 cents in overall earnings per share after adjustments for one-time factors, according to FactSet.
and HBO Max in several new international markets in the first quarter. The media segment’s drag on profits came from costs associated with launching the CNN+ streaming service in the U.S.
Excluding WarnerMedia, they were 63 cents, up almost 9%. AT&T’s total first-quarter adjusted earnings per share were 77 cents, down 9% from a year ago.