AT&T 2017 revenues drop to USD160.5bn; net income up to USD29.5bn

1 Feb 2018

AT&T Inc has reported consolidated operating revenues of USD160.5 billion for the twelve months ended 31 December 2017, down from USD163.8 billion year-on-year, with the telco citing declines in legacy wireline services and wireless service revenues, which were partially offset by growth in international and strategic business services. Operating income for the year under review dropped from USD24.3 billion to USD20.9 billion on an annualised basis, while net income attributable to AT&T jumped from USD13.0 billion to USD29.5 billion y-o-y, reflecting the impact of the new US tax law. (Note: The Tax Cuts and Jobs Act of 2017 was signed into law by President Donald Trump on 22 December 2017, slashing the corporate tax rate from 35% to 21%.)

In operational terms, the telco reported a total of 141.567 million AT&T Mobility ‘subscribers and connections’ in its domestic market as of 31 December 2017, of which 38.991 million were connected devices. Elsewhere, AT&T’s ‘International’ segment reported 15.099 million mobile users in Mexico as of end-December, up from 12.606 million one year earlier. Latin American pay-TV subscribers reached 13.629 million at year-end, of which 5.359 million were situated in Brazil.

United States, AT&T