AT&T Inc. (NYSE: T) reported strong fourth-quarter and full-year results that showcased “solid momentum” in gaining and retaining profitable 5G and fiber subscribers. The company said it met all 2024 consolidated financial guidance and reiterates all financial and operational guidance for 2025 and beyond.
“The strong results this quarter are the result of a four-plus-year period of hard work and consistent execution by our teams, which has positioned us well for a new era of growth,” said John Stankey, AT&T CEO. “We ended 2024 with strong momentum. Customers and shareholders can look forward to receiving even more value in 2025 as we expand the country’s largest fiber network, modernize our wireless network, grow our business and begin share repurchases in the second half of the year.”
Fourth-Quarter Consolidated Results
- Revenues of $32.3 billion
- Diluted EPS of $0.56; adjusted EPS of $0.54
- Operating income of $5.3 billion; adjusted operating income of $5.4 billion
- Net income of $4.4 billion; adjusted EBITDA of $10.8 billion
- Cash from operating activities of $11.9 billion, up $0.5 billion year over year
- Capital expenditures of $6.8 billion; capital investment of $7.1 billion
- Free cash flow of $4.8 billion, down $1.5 billion year over year as the Company continued to drive a more ratable quarterly free cash flow cadence
Fourth-Quarter Highlights
- 482,000 postpaid phone net adds with an expected industry-leading postpaid phone churn of 0.85 percent
- Mobility service revenues of $16.6 billion, up 3.3 percent year over year
- 307,000 AT&T Fiber net adds; 200,000, or more, net adds for 20 consecutive quarters
- Consumer broadband revenues of $2.9 billion, up 7.8 percent year over year
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