AT&T posts strongest quarterly growth in two years as Q1 revenue increases 3.6%

23 Apr 2014

AT&T Inc has reported consolidated revenue of USD32.5 billion for the three months ended 31 March 2014, up 3.6% – or more than USD1 billion – year-on-year; the improvement represents AT&T’s strongest quarterly growth in more than two years. Wireless revenue continues to account for the lion’s share of the total, increasing 7% y-o-y to USD17.9 billion. Operating income for the three month period under review stood at USD6.3 billion, compared to USD5.9 billion one year earlier, while net income for January-March remained flat at USD3.7 billion.

In operational terms, AT&T Mobility saw its total subscriber base increase from 107.251 million to 116.014 million in the year to March, of which 73.291 million were post-paid accounts and 11.812 million were pre-paid subscriptions. AT&T’s pre-paid subscriber base was boosted by the 14 March completion of the company’s acquisition of Leap Wireless, which brought with it 4.537 million new users. Elsewhere, resellers accounted for 13.886 million subscriptions on its books, with ‘connected devices’ rising to 17.025 million.

Meanwhile, AT&T’s fixed broadband business saw user figures edge up to 14.807 million, with U-verse IPTV numbers growing to 5.642 million by the start of April.

United States, AT&T, AT&T Communications