AT&T reports 2Q17 revenues of USD39.8bn; net income up to USD3.9bn

26 Jul 2017

US telecoms giant AT&T Inc has reported consolidated operating revenues of USD39.8 billion for the three months ended 30 June 2017, down from USD40.5 billion on an annualised basis. Second quarter operating income increased from USD6.6 billion in 2Q16 to USD7.3 billion, while net income attributable to AT&T increased from USD3.4 billion to USD3.9 billion.

In operational terms, AT&T reported a total of 136.500 million wireless subscribers in its domestic market as of 30 June 2017, broken down as 77.401 million post-paid subscribers, 14.187 million pre-paid users, 10.254 million reseller accounts and 34.658 connected devices. In terms of fixed broadband connections, AT&T claimed 14.302 ‘entertainment’ users and 1.384 million ‘business’ clients. Elsewhere, AT&T’s ‘International’ segment reported 13.082 million mobile users in Mexico as of end-June, up from 9.955 million one year earlier, alongside 13.622 million Latin American pay-TV customers, of which 5.519 million were located in Brazil.

Randall Stephenson, AT&T chairman and CEO, commented: ‘Once again our team delivered expanded consolidated margins and, as a result, grew adjusted earnings per share by nearly 10% as we executed well against our business priorities. And in a quarter where our competitors used promotions aggressively, we added more than 500,000 branded smartphones to our base and more than 100,000 IP broadband subscribers, achieved record EBITDA wireless margins and had the lowest post-paid phone churn in our history.’

United States, AT&T