AT&T Inc. has closed the books on 2024 with impressive financial results, signaling a robust recovery and growth trajectory in the highly competitive telecommunications sector.
The company unveiled its fourth-quarter earnings today, showcasing a remarkable performance that has outpaced market expectations and reignited investor enthusiasm.
In the fourth quarter, AT&T reported revenues of $32.3 billion, a slight uptick from $32.0 billion in the same quarter last year.
The telecommunications giant posted a net income of $4.4 billion, translating to $0.56 per share, a significant leap from $2.1 billion or $0.30 per share in the prior year.
Adjusted earnings per share (EPS) remained steady at $0.54, while adjusted EBITDA reached an impressive $10.8 billion.
AT&T’s growth story is underscored by a surge in its subscriber base. The company added 482,000 postpaid phone subscribers during the quarter, achieving a remarkably low postpaid churn rate of just 0.85%.
In addition, AT&T Fiber continued its upward trend with a net gain of 307,000 subscribers, marking over 200,000 net additions for 20 consecutive quarters—a testament to the increasing demand for high-speed internet.
The company’s mobility service revenues climbed by 3.3% year-over-year, reaching $16.6 billion, while consumer broadband revenues surged by 7.8% to $2.9 billion.
These figures reflect AT&T’s commitment to enhancing its network capabilities and delivering exceptional customer service.
The positive earnings report has sparked optimism among investors, with AT&T’s stock rising nearly 2% in premarket trading following the announcement.
Over the past year, shares have appreciated by more than 30%, highlighting strong market sentiment towards AT&T’s strategic initiatives and operational effectiveness.
Looking ahead, AT&T projects low-single-digit growth in service revenues for 2025 and anticipates adjusted EBITDA growth of at least 3%.
CEO John Stankey emphasized that these results are indicative of consistent execution and strategic focus over recent years, positioning AT&T favorably for continued success in the telecom landscape.
In conclusion, AT&T’s strong finish to 2024 not only underscores its resilience but also sets a promising stage for future growth as it expands its 5G and fiber networks while prioritizing shareholder value.
With these robust results, AT&T is poised to remain a key player in the ever-evolving telecommunications industry.
Also Read
Oklo Stock Surges Amid Growing Interest in AI and Nuclear Power
Microsoft Set to Unveil Earnings: What Investors Can Expect from the Tech Giant
In a move that is already making waves across the healthcare and political landscape, US…
Logistics is the backbone of Africa’s economic growth. In 2025, as trade flows expand under…
CSL Limited (ASX: CSL), one of Australia’s leading biotechnology firms, has seen its share price…
U.S. President Donald Trump has announced a 100% tariff on imported branded and patented pharmaceutical…
U.S. equities dipped today, reflecting investor caution as the latest economic data complicates the Federal…
Iron Hill Brewery & Restaurant, a beloved chain known for its craft beers and casual…