AT&T reported Q1 communications revenue of $29.2 billion, up 1.0% year over year due to increases in Mobility and Consumer Wireline, which more than offset a decline in Business Wireline. Operating income was $6.7 billion, up 3.9% year over year, with operating income margin of 23.1%, compared to 22.5% in the year-ago quarter.
“Our teams take pride in connecting more people to greater possibility through 5G and fiber,” said John Stankey, AT&T CEO. “We’re winning thanks to a proven and sustainable playbook that centers on simple, customer-centric experiences. As a result, we’re adding high-value customers, and when they choose AT&T, they stay with us. The work we’re doing today is establishing a foundation for durable, long-term growth, and we remain confident in our full-year guidance.”
Some highlights:
- Total wireless net adds were 5.1 million including:
- 542,000 postpaid net adds with:
- 424,000 postpaid phone net adds
- (56,000) postpaid tablet and other branded computing device net losses
- 174,000 other net adds
- 40,000 prepaid phone net adds
- Postpaid churn was 0.99% versus 0.94% in the year-ago quarter.
- Postpaid phone churn was 0.81% versus 0.79% in the year-ago quarter.
- Prepaid churn was 2.73%, with Cricket substantially lower, versus 2.77% in the year-ago quarter.
- Postpaid phone ARPU was $55.05, up nearly 2.0% versus the year-ago quarter, due to prior-year pricing actions, higher international roaming and a mix shift to higher-priced unlimited plans.
- FirstNet connections reached approximately 4.7 million across more than 25,000 agencies.
- More than 750,000 U.S. business buildings are lit with fiber from AT&T and more than 10 million business customer locations are on or within 1,000 feet of AT&T fiber.
- Total broadband net losses, excluding DSL, were 23,000, reflecting AT&T Fiber net adds of 272,000, more than offset by losses in non-fiber services.
- AT&T Fiber now has the ability to serve 19.7 million customer locations and offers symmetrical, multi-gig speeds across parts of its entire footprint of more than 100 metro areas.
- In Mexico, total wireless net adds were 10,000, including 58,000 prepaid net losses, 49,000 postpaid net adds and 19,000 reseller net adds.