AT&T Inc. reported a slight decrease in operating revenues for the second quarter and first six months of 2024, with figures standing at $29,797 million and $59,825 million respectively, marking a 0.4% year-over-year decline for both periods. The Communications segment experienced a 0.9% drop in operating revenues for the quarter and a 1.0% decrease for the six-month period, primarily due to lower Business Wireline service revenues and Mobility equipment sales. However, Mobility service and Consumer Wireline revenues saw an uptick. The Latin America segment, on the other hand, showed a 14.1% increase in operating revenues for the quarter and a 17.1% rise for the six-month period, driven by subscriber growth and higher ARPU. Operating income for AT&T decreased by 10.1% in the second...Show More

AT&T Inc. reported a slight decrease in operating revenues for the second quarter and first six months of 2024, with figures standing at $29,797 million and $59,825 million respectively, marking a 0.4% year-over-year decline for both periods. The Communications segment experienced a 0.9% drop in operating revenues for the quarter and a 1.0% decrease for the six-month period, primarily due to lower Business Wireline service revenues and Mobility equipment sales. However, Mobility service and Consumer Wireline revenues saw an uptick. The Latin America segment, on the other hand, showed a 14.1% increase in operating revenues for the quarter and a 17.1% rise for the six-month period, driven by subscriber growth and higher ARPU. Operating income for AT&T decreased by 10.1% in the second quarter and 6.5% for the first six months, with operating income margins also experiencing a decline. The company's debt ratio was reported at 51.8%, down from 54.8% the previous year. AT&T's capital expenditures for the first six months amounted to $8,118 million, with an additional $1,391 million paid for vendor financing. The company remains compliant with the covenants of its credit facilities and has not engaged in any significant share repurchases during the quarter. AT&T continues to navigate a competitive and regulatory environment, with recent FCC reclassification of broadband services and the end of the Affordable Connectivity Program impacting the industry landscape.