$T (+0.66%) | AT&T Q3'24 Earnings Highlights:

🔹 Adj EPS: $0.60 (Est. $0.59) 🟢; DOWN -6.3% YoY

🔹 Revenue: $30.2B (Est. $30.5B) 🔴; DOWN -0.7% YoY

🔹 Adj EBITDA: $11.6B (Est. $11.38B) 🟢; UP +3.6% YoY

🔹 Free Cash Flow: $5.1B (Est. $4.69B) 🟢; DOWN -1.9% YoY

Reiterated FY'24 Guidance:

🔹 Adj EPS: $2.15 - $2.25 (Est. $2.22) 😐

🔹 Capital Expenditures: $21B - $22B (Est. $18.6B) 🔴

🔹 Business Wireline EBITDA: Now expects a decline in the high-teens range (Prior: down mid-teens) 🔴

🔹 Free Cash Flow: $17B - $18B

🔹 Adjusted EBITDA Growth: +3%

🔹 Wireless Service Revenue Growth: ~+3%

🔹 Broadband Revenue Growth: +7% or more

🔹 Consumer Wireline EBITDA Growth: Mid-to-high-single-digit range

Segment Performance:

Mobility Segment:

🔹 Revenue: $21.1B (Est. $21.17B) 🔴; UP +1.9% YoY

🔹 Mobility Service Revenue: $16.54B; UP +4.0% YoY

🔹 Adjusted EBITDA: $9.5B; UP +6.7% YoY

🔹 Postpaid Phone Net Adds: +403,000 (Est. +394,645) 🟢

🔹 Postpaid Phone Churn: 0.78% (Est. 0.77%) 🟡; Improved from 0.79% YoY

Consumer Wireline Segment:

🔹 Revenue: $3.42B; UP +2.6% YoY

🔹 Broadband Revenue: $2.84B; UP +6.4% YoY

🔹 AT&T Fiber Net Adds: +226,000 (Est. +265,390) 🔴

🔹 Broadband ARPU: $68.25; UP +5.1% YoY

🔹 Fiber ARPU: $70.36; UP +3.2% YoY

Business Wireline Segment:

🔹 Revenue: $4.6B; DOWN -11.8% YoY

🔹 Operating Income: $(43)M (Prior: $350M YoY)

🔹 EBITDA: $1.36B; DOWN -20.0% YoY

Latin America Segment (Mexico):

🔹 Revenue: $1.02B (Est. $1.08B) 🔴; UP +3.0% YoY

🔹 Operating Income: $10M (Prior: $(29)M YoY)

🔹 EBITDA: $168M; UP +8.4% YoY

🔹 Total Wireless Net Adds: +275,000

🔹 Postpaid Net Adds: +139,000

🔹 Prepaid Net Adds: +187,000