AT&T posts USD45bn revenue, USD3.7bn profit in Q2

25 Jul 2019

US telecoms giant AT&T reported consolidated operating revenues of USD44.0 billion for the second quarter of 2019, up 13% from USD39.0 billion in the same quarter of 2018, primarily due to its acquisition of media and entertainment conglomerate Time Warner which completed in June last year. Operating income in the three months to 30 June 2019 reached USD7.5 billion, up from USD6.5 billion in the year-ago quarter, while quarterly net income attributable to AT&T shrank to USD3.7 billion (2Q18: USD5.1 billion).

Largest group division AT&T Mobility posted a 1.3% y-o-y revenue improvement to USD17.5 billion in 2Q19 and reported a total of 159.665 million wireless subscribers/connections in the US at 30 June, up from 146.889 million twelve months previously. The latest wireless total included 76.282 million post-paid subscribers, 17.602 million pre-paid users, 7.392 million reseller accounts and 58.389 million connected devices. AT&T also claimed 14.420 million total fixed broadband connections in 2Q19, down slightly from 14.455 million a year ago, with fibre broadband lines rising significantly from 2.204 million at mid-2018 to 3.378 million a year later. AT&T Mexico reported 18.021 million mobile users at end-June 2019, climbing from 16.398 million at mid-2018.

United States, AT&T, AT&T Communications, AT&T Mexico