AT&T Inc has reported consolidated operating revenues of USD41.841 billion for the three months ended 31 December 2016, down from USD42.119 billion year-on-year. Operating income for the three months under review dropped from USD7.532 billion to USD4.248 billion on an annualised basis, while net income attributable to AT&T slumped from USD4.006 billion to USD2.437 billion y-o-y. For full-year 2016 however, AT&T’s consolidated revenues totalled USD163.786 billion, up 11.6% from USD146.801 billion in the corresponding period one year earlier. The telco notes that the growth was driven by a full year of results from pay-TV unit DirecTV, as well as gains in IP services and video.
In operational terms, the telco reported a total of 134.859 million AT&T Mobility ‘subscribers and connections’ in its domestic market as of 31 December 2016, of which 31.591 million were connected devices. Elsewhere, AT&T’s ‘International’ segment reported 11.973 million mobile users in Mexico as of end-December, after posting net gains of 1.275 million in the fourth quarter of 2016. Latin American pay-TV subscribers reached 12.455 million at year-end, of which 5.249 million were situated in Brazil.
Randall Stephenson, AT&T chairman and CEO, commented: ‘2016 was a transformational year for AT&T, one in which we made tremendous progress toward our goal of becoming the global leader in telecom, media and technology … At the same time, we performed at a high level in 2016 with growing revenues, expanding adjusted consolidated operating margins and solid adjusted earnings growth, and we hit our USD1.5 billion DirecTV cost-synergy target. We also delivered record cash from operations, which allowed us to return substantial value to investors and invest more in the US economy.’