AT&T 2Q18 revenues dip to USD39bn; net income rises to USD5.1bn

25 Jul 2018

US telecoms giant AT&T Inc has reported consolidated operating revenues of USD39.0 billion for the three months ended 30 June 2018, down from USD39.8 billion on an annualised basis. EBITDA for the period under review edged up to USD12.8 billion, from USD12.7 billion in the year-ago period. Second quarter operating income remained flat at USD6.5 billion, while net income attributable to AT&T increased from USD3.9 billion to USD5.1 billion.

In operational terms, AT&T reported a total of 146.889 million wireless subscribers in its domestic market as of 30 June 2018, broken down as 77.372 million post-paid subscribers, 16.217 million pre-paid users, 8.582 million reseller accounts and 44.718 connected devices. In terms of fixed broadband connections, AT&T claimed 14.455 ‘entertainment’ users and 1.317 million ‘business’ clients. Elsewhere, AT&T’s ‘International’ segment reported 16.398 million mobile users in Mexico as of end-June, alongside 13.622 million Latin American pay-TV customers.

Randall Stephenson, AT&T chairman and CEO, commented: ‘It was an exciting quarter for AT&T as we completed the acquisition of Time Warner on 14 June and created a modern media company built around premium content, 170 million direct-to-customer relationships, advertising technology and high-speed networks … Our goal is to reshape the way media and entertainment work for consumers, and you will see us continue to do exactly that.’

United States, AT&T