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AT&T 1Q23 revenues up 1.4% to USD30.1bn

21 Apr 2023

US telecoms giant AT&T Inc has reported consolidated operating revenues of USD30.139 billion for the three months ended 31 March 2023, up 1.4% from USD29.712 billion on an annualised basis. AT&T notes that the increased top-line figure reflects higher sales at its ‘Mobility’, ‘Mexico’ and ‘Consumer Wireline’ units, partly offset by lower ‘Business Wireline’ revenues. First quarter EBITDA climbed from USD9.999 billion to USD10.633 billion, while operating income increased from USD5.537 billion in 1Q22 to USD6.002 billion in the period under review. Finally, net income attributable to AT&T slumped from USD4.810 billion to USD4.228 billion in the first quarter of 2023.

In operational terms, AT&T reported a total of 222.839 million mobile subscriptions in its domestic market as of 31 March 2023, broken down as 85.421 million post-paid subscriptions, 19.200 million pre-paid subscriptions, 6.192 million reseller accounts and 112.026 million connected devices. In terms of fixed broadband uptake, meanwhile, AT&T claimed 13.730 million subscriptions in 1Q23, of which 7.487 million were connected via fibre-to-the-home (FTTH) technology. Elsewhere, AT&T reported 21.613 million mobile subscriptions in Mexico as of end-March 2023.

Coverage-wise, AT&T’s 5G network now reaches 290 million people, or roughly 86% of the population. Fibre connectivity, meanwhile, is available at 19.7 million residential buildings and more than three million business properties in more than 100 US metro areas. AT&T says it is on track to pass 30 million fibre locations by the end of 2025.

United States, AT&T

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