AT&T 1Q16 revenues up 24% thanks to DirecTV takeover

27 Apr 2016

US telecoms giant AT&T Inc has reported consolidated operating revenues of USD40.535 billion for the three months ended 31 March 2016, up 24% from USD32.576 million on an annualised basis. The telco credits the improved top-line to its 2015 acquisition of satellite TV operator DirecTV, which operates in the US and eleven Latin American countries. AT&T’s operating income, meanwhile, increased to USD7.131 billion, up from USD5.557 billion in Q1 2015. Net income for the period under review climbed to USD3.885 billion from USD3.339 billion.

In operational terms, AT&T reported a total of 130.445 million wireless subscribers in its domestic market as of 31 March 2016, broken down as 54.674 million ‘consumer mobility’ subscribers and 75.771 million ‘business mobility’ users. Elsewhere, AT&T’s ‘International’ segment reported 9.213 million mobile users in Mexico as of end-March, up 529,000 quarter-on-quarter, alongside 12.436 million Latin American pay-TV customers, of which 5.342 million were located in Brazil.

Randall Stephenson, AT&T chairman and CEO, commented: ‘It was a good start to the year. We had solid financial results and executed well on our strategy to be the premier integrated communications provider for businesses and consumers. We’re seeing good momentum with our initial integrated wireless, video and broadband offers. And we’ll expand the integrated choices for customers in the fourth quarter when we launch our new video streaming services’.

United States, AT&T, AT&T Communications, AT&T Mexico