AT&T 3Q18 revenues reach USD45.7bn following Time Warner takeover

25 Oct 2018

US telecoms giant AT&T Inc has reported consolidated operating revenues of USD45.7 billion for the three months ended 30 September 2018, up from USD39.7 billion on an annualised basis, boosted by the recent takeover of entertainment giant Time Warner. EBITDA for the period under review jumped to USD15.4 billion, from USD11.8 billion year-on-year, while third quarter operating income increased from USD5.8 billion to USD7.3 billion. Meanwhile, net income attributable to AT&T increased from USD3.0 billion to USD4.7 billion in Q3.

In operational terms, AT&T reported a total of 150.252 million wireless subscribers in its domestic market as of 30 September 2018, which includes 8.183 million reseller accounts and 48.179 connected devices. In terms of fixed broadband connections, AT&T claimed 14.441 million ‘entertainment’ users and 1.305 million ‘business’ clients. Elsewhere, AT&T’s ‘International’ segment reported 17.305 million mobile users in Mexico as of end-September, alongside 13.640 million Latin American pay-TV customers.

Randall Stephenson, AT&T chairman and CEO, commented: I’m pleased with the progress we made on a number of fronts in the third quarter. Our US wireless business is growing and it’s the single biggest contributor to our earnings and cash flow … And as we’re nearing completion of our fibre build and making pricing moves on video, we’re laying the foundation for stabilising our Entertainment Group profitability in 2019. Across the business, I like our momentum and feel confident that we’re on track to deliver on our plans.’

United States, AT&T