AT&T 1Q18 revenues drop to USD38bn; net income up to USD4.7bn

26 Apr 2018

US telecoms giant AT&T Inc has reported consolidated operating revenues of USD38.0 billion for the three months ended 31 March 2018, down from USD39.4 billion on an annualised basis. First quarter operating income decreased from USD6.4 billion in 1Q17 to USD6.2 billion in the period under review, while net income attributable to AT&T increased from USD3.5 billion to USD4.7 billion.

In operational terms, AT&T reported a total of 143.832 million wireless subscribers in its domestic market as of 31 March 2018, broken down as 77.431 million post-paid subscribers, 15.671 million pre-paid users, 9.002 million reseller accounts and 41.728 connected devices. In terms of fixed broadband connections, AT&T claimed 14.432 ‘entertainment’ users and 1.341 million ‘business’ clients in 1Q18. Elsewhere, AT&T’s ‘International’ segment reported 15.642 million mobile users in Mexico as of end-March, up from 12.606 million one year earlier, alongside 13.573 million Latin American pay-TV customers.

Randall Stephenson, AT&T chairman and CEO, commented: ‘Our investment in customer growth and our integrated service offerings helped drive solid first-quarter subscriber gains across our wireless, video and broadband businesses. Our fibre deployments for business and residential customers now pass more than 16 million customer locations.’

United States, AT&T