🔹 Adj EPS: $0.54 (Est. $0.50) 🟢
🔹 Revenue: $32.3B (Est. $32.03B) 🟢
🔹 Free Cash Flow: $4.8B (Est. $4.78B) 🟡
🔹 Adjusted EBITDA: $10.8B (Est. $10.84B) 🟡
2025 Guidance:
🔹 Adjusted EPS: $1.97-$2.07 (Est. $2.16) 😕
🔹 Consolidated Service Revenue Growth: Low-single digits
🔹 Mobility Service Revenue Growth: High end of 2%-3%
🔹 Consumer Fiber Broadband Revenue Growth: Mid-teens
🔹 Adjusted EBITDA Growth: 3%+
🔹 Free Cash Flow: $16B+ (Excluding DIRECTV)
Q1 Segment:
Communications Segment:
🔹 Revenue: $31.1B (Est. $30.27B) 🟢; UP +1.1% YoY
🔹 Operating Income: $6.19B; DOWN -6.3% YoY
🔹 Operating Income Margin: 19.9% (Prev. 21.5%; DOWN 160 bps)
Mobility:
🔹 Revenue: $23.13B (Est. $22.74B) 🟢; UP +3.3% YoY
🔹 Service Revenue: $16.56B; UP +3.3% YoY
🔹 Equipment Revenue: $6.57B; UP +3.3% YoY
🔹 Postpaid Phone Net Adds: 482,000 (Est. 745,000) 🔴
🔹 Postpaid Phone Churn: 0.85% (Est. 1.01%) 🟢
🔹 Postpaid ARPU: $56.72; UP +0.9% YoY
🔹 EBITDA: $8.89B (Est. $8.9B) 🟡; UP +6.1% YoY
🔹 EBITDA Service Margin: 53.7% (Prev. 52.2%; UP 150 bps)
Consumer Wireline:
🔹 Revenue: $3.47B (Est. $3.46B) 🟡; UP +3.4% YoY
🔹 Broadband Revenue: $2.91B; UP +7.8% YoY
🔹 AT&T Fiber Net Adds: 307,000 (Est. 265,604) 🟢
🔹 Fiber ARPU: $71.71; UP +4.7% YoY
🔹 EBITDA: $1.22B (Est. $1.15B) 🟢; UP +9.8% YoY
Business Wireline:
🔹 Revenue: $4.55B (Est. $4.48B) 🟡; DOWN -10% YoY
🔹 EBITDA: $1.20B (Est. $1.21B) 🟡; DOWN -22% YoY
🔹 Operating Income: -$211M (Prev. $165M)
Latin America Segment:
🔹 Revenue: $1.04B (Est. $1.12B) 🔴; DOWN -4.2% YoY
🔹 EBITDA: $171M; UP +24.8% YoY
🔹 Wireless Net Adds: 665,000; UP from 562,000 YoY
🔹 Postpaid Net Adds: 204,000; UP from 151,000 YoY
CEO Commentary:
🔸 "The strong results this quarter are the result of years of hard work and execution. We’re entering 2025 with solid momentum, expanding the country’s largest fiber network and modernizing our wireless network." – John Stankey, CEO