AT&T Inc has reported consolidated revenues of USD32.6 billion for the three months ended 31 December 2012, up 0.2% year-on-year. Wireless revenues continue to account for the lion’s share of the company’s revenue, increasing 5.7% to USD17.6 billion. Meanwhile, wireless data revenues increased 14.7% y-o-y to USD6.8 billion.
In operational terms AT&T posted a net wireless subscriber increase of 1.1 million in the fourth quarter, to see its total user base reach 107.0 million. Subscriber additions for Q4 included 780,000 post-paid net additions, which the company says represents its best gain in twelve quarters. Net adds for connected devices totalled 246,000, with AT&T Mobility reporting a further 234,000 new reseller accounts. Elsewhere, pre-paid subscriptions declined by 166,000, primarily due to declines in ‘GoPhone’ users and session-based tablets.
AT&T has revealed that it sold a record 10.2 million smartphones in the fourth quarter of 2012, representing 89% of post-paid phone sales in the quarter. At the end of December 2012, 69.6% – or 47.1 million – of AT&T’s post-paid user base had smartphones, up from 58.5% (39.4 million) one year earlier. AT&T notes that its ARPU for smartphones is twice that of non-smartphone subscribers. Further, around 55% of AT&T’s post-paid smartphone customers now use a 4G-capable device.
Randall Stephenson, AT&T chairman and chief executive officer, commented: ‘We had an excellent 2012. We grew revenues, increased adjusted earnings per share by 8.5% and generated cash from operations at record levels. We used this cash to invest aggressively in the future of our business and returned USD23 billion to shareowners through dividends and share repurchases’.