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AT&T reports 3Q20 revenues of USD42.3bn

23 Oct 2020

US telecoms giant AT&T Inc has reported consolidated operating revenues of USD42.34 billion for the three months ended 30 September 2020, down from USD44.59 billion on an annualised basis. EBITDA for the period under review dipped to USD13.16 billion, from USD14.85 billion year-on-year, while third quarter operating income decreased from USD7.90 billion to USD6.13 billion. Meanwhile, net income attributable to AT&T dropped from USD3.70 billion to USD2.82 billion in Q3.

In operational terms, AT&T reported a total of 176.744 million wireless subscribers in its domestic market as of 30 September 2020, which includes 6.708 million reseller accounts and 75.967 million connected devices. In terms of fixed broadband connections, AT&T claimed 14.102 million ‘entertainment’ users, of which 4.678 million are fibre-to-the-home (FTTH) accesses. Elsewhere, AT&T’s ‘International’ segment reported 18.414 million mobile users in Mexico as of end-September, alongside 10.893 million Latin American pay-TV customers.

AT&T CEO John Stankey commented: ‘We delivered a solid quarter with good subscriber momentum in our market focus areas of connectivity and software-based entertainment. Wireless post-paid growth was the strongest that it has been in years with one million net additions, including 645,000 phones. We added more than 350,000 fibre broadband customers and are on track to grow our fibre base by more than 25% this year.’

United States, AT&T

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