AT&T Posts Impressive 2024 Performance with Subscriber Gains
AT&T's Strong Financial Performance in 2024
AT&T Inc. (NYSE: T) recently reported impressive fourth-quarter and annual results, showcasing robust growth across its various service areas, including 5G and fiber subscriptions. This performance reflects a consistent commitment to enhancing customer experience and operational efficiency.
Key Achievements for Fourth Quarter 2024
In the latest financial disclosures, AT&T achieved consolidated revenues of $32.3 billion for the fourth quarter, increasing the net income to $4.4 billion. The company's diluted earnings per share (EPS) rose to $0.56, with an adjusted EPS of $0.54. These numbers indicate a solid operational foundation and strong revenue streams driven by a customer-focused strategy.
Growth in Subscriber Base
During the fourth quarter, AT&T added 482,000 postpaid phone customers, maintaining an industry-leading postpaid phone churn rate of just 0.85%. This comparison is particularly favorable in an aggressively competitive mobile market. Additionally, AT&T Fiber saw a net gain of 307,000 subscribers, highlighting the success of its fiber optic offerings.
Service Revenue Increases
Mobility service revenues reached $16.6 billion, a growth of 3.3% compared to last year. This increase was fueled by strong demand for mobile services and equipment. The consumer broadband revenues also ascended to $2.9 billion, up by 7.8%, reflecting the growing trend of consumers seeking reliable internet services.
Full Year 2024 Overview
For the entire year, AT&T generated total revenues of $122.3 billion. Its operating income was reported at $19.0 billion, with a net income of $12.3 billion. The adjusted EBITDA amounted to $44.8 billion, an illustration of efficient operational management amidst fluctuating market conditions.
Strategic Focus on Fiber and 5G
AT&T's investment in expanding its fiber network remains a key part of its growth strategy. With over 28.9 million locations passed by fiber, the company is well-positioned to capture demand for high-speed internet access. The company expects momentum to continue as it leverages these assets to drive both residential and business services.
Plans for 2025 and Beyond
Looking ahead, AT&T anticipates steady service revenue growth in the low-single-digit range for the full year 2025. The company aims to progress in improving mobility EBITDA and investing in network upgrades and expansions. As AT&T looks to streamline operations, it plans to commence share repurchases later in the year, signifying confidence in its operational resilience.
Frequently Asked Questions
What were AT&T's revenues for the fourth quarter of 2024?
AT&T reported consolidated revenues of $32.3 billion for the fourth quarter of 2024.
How many subscribers did AT&T add in the fourth quarter?
AT&T added 482,000 postpaid phone subscribers in the fourth quarter of 2024.
What were the highlights of AT&T's full year 2024 results?
For the full year 2024, AT&T had total revenues of $122.3 billion, with a net income of $12.3 billion and adjusted EBITDA of $44.8 billion.
What is AT&T's strategy for 2025?
AT&T's strategy for 2025 includes low-single-digit revenue growth, focusing on improvements in mobility EBITDA, network investments, and starting share repurchases.
How does AT&T plan to expand its fiber network?
AT&T continues to enhance its fiber network by expanding across various locations, aiming at increasing customer reach and increasing market penetration.
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