Summary by Moomoo AI
AT&T Inc. has reported its financial results and business developments for the year ended December 31, 2023. Financial Performance: The company's operating revenues increased by 1.4% year-over-year to $122,428 million, driven by growth in Mobility and Consumer Wireline revenues, partially offset by declines in Business Wireline revenues. The Communications segment, which provides services to businesses and consumers in the U.S. and globally, contributed approximately 97% of the total segment operating revenues. Operating income for the Communications segment rose by 4.0% to $27,801 million. The Latin America segment, which provides wireless services in Mexico, saw a 25.1% increase in operating revenues to $3,932 million. Overall, AT&T's operating income significantly improved to $23,461 million. Business Development: AT&T's business units showed varied performance, with...Show More
