AT&T revenues drop to USD168.9bn in 2021

27 Jan 2022

US telecoms giant AT&T has reported operating revenues of USD168.9 billion for the twelve months ended 31 December 2021, down from USD171.8 billion in 2020. The lower figure reflects the separation of AT&T’s US pay-TV businesses, which occurred in the third quarter of 2021, and the impacts from other divested businesses. Operating income for the year under review climbed from USD6.4 billion to USD23.3 billion, while EBITDA jumped from USD34.9 billion to USD46.2 billion. Finally, the telco posted an annual net profit (attributable to AT&T) of USD20.1 billion – compared to net loss of USD5.2 billion in 2020.

In operational terms, AT&T reported a total of 201.791 million mobile subscriptions in its domestic market as of 31 December 2021, broken down as 81.534 million post-paid accounts, 19.028 million pre-paid users, 6.113 million reseller customers and 95.116 million connected devices. In terms of fixed broadband meanwhile, AT&T claimed 14.160 million ‘Consumer’ subscriptions at end-2021, of which 5.992 million were fibre-optic accesses. Elsewhere, AT&T’s ‘Latin America’ segment reported 20.362 million mobile subscriptions in Mexico as of end-December.

John Stankey, AT&T CEO, commented: ‘A year and a half ago, we began simplifying our business to reposition AT&T for growth and we’re extremely pleased with how we’ve executed on that commitment. We ended 2021 the way we started it – by growing our customer relationships, running our operations more effectively and efficiently, and sharpening our focus. Our momentum is strong and we’re confident there is more opportunity to continue to grow our customer base and drive costs from the business.’

United States, AT&T