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8-K: Third Quarter 2024 Financial Results

SEC ·  Oct 23, 2024 06:39

Summary by Moomoo AI

On October 23, 2024, AT&T Inc. (NYSE: T) released its third-quarter financial results, showcasing a consistent growth in Mobility service and broadband revenues, driven by an increase in 5G and fiber subscribers. The company reported revenues of $30.2 billion, a diluted EPS of $(0.03), and an adjusted EPS of $0.60. Operating income stood at $2.1 billion, with an adjusted operating income of $6.5 billion. Net income was reported at $0.1 billion, with an adjusted EBITDA of $11.6 billion. The quarter saw a cash flow from operating activities of $10.2 billion and capital expenditures of $5.3 billion, resulting in a free cash flow of $5.1 billion. AT&T added 403,000 postpaid phone net subscribers and 226,000 AT&T Fiber net subscribers during the quarter. Despite challenges such as severe weather and a work stoppage...Show More
On October 23, 2024, AT&T Inc. (NYSE: T) released its third-quarter financial results, showcasing a consistent growth in Mobility service and broadband revenues, driven by an increase in 5G and fiber subscribers. The company reported revenues of $30.2 billion, a diluted EPS of $(0.03), and an adjusted EPS of $0.60. Operating income stood at $2.1 billion, with an adjusted operating income of $6.5 billion. Net income was reported at $0.1 billion, with an adjusted EBITDA of $11.6 billion. The quarter saw a cash flow from operating activities of $10.2 billion and capital expenditures of $5.3 billion, resulting in a free cash flow of $5.1 billion. AT&T added 403,000 postpaid phone net subscribers and 226,000 AT&T Fiber net subscribers during the quarter. Despite challenges such as severe weather and a work stoppage in the Southeast, the company has maintained its 19th consecutive quarter of adding over 200,000 new AT&T Fiber customers. CEO John Stankey confirmed the company's confidence in reiterating its full-year consolidated financial guidance for 2024, which includes wireless service revenue growth in the 3% range and broadband revenue growth of 7%+. The company also aims to achieve a net debt-to-adjusted EBITDA ratio in the 2.5x range by the first half of 2025 and is on track to pass 30 million consumer and business locations with fiber by the end of 2025.

This announcement is a separate document:

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Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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