AT&T's postpaid wireless adds drop, U-verse adds grow


AT&T (T) saw 363K wireless postpaid net adds in Q3 (388K from tablets), down from 551K in Q2 and 398K in Q1. Verizon had 927K postpaid net adds in Q3. Thanks to new Aio and GoPhone service plans, AT&T's prepaid net adds rose to 192K from 11K in Q2 and -184K in Q1.

Wireless service revenue +3.7% Y/Y in Q3 vs. +5.1% in Q2, thanks to a 17.6% increase in data revenue. Wireless op. margin -50 bps Y/Y to 26.4%, EBITDA service margin +40 bps to 42%. Postpaid ARPU (inc. tablets) rose 1.5% Y/Y. 75% of postpaid subs now use smartphones, up from 73% in Q2.

655K U-verse Internet subs and 265K U-verse TV subs were added vs. 641K and 233K in Q2. The total U-verse sub base is now above 10M.

Wireline revenue -1% Y/Y vs. -0.9% in Q2. Data revenue +5.9%, but voice revenue -9.7% thanks to an 11.7% drop in voice connections. Wireline op. margin was 10.6%, -150 bps Y/Y.

$1.9B was spent on buybacks, down from $3.3B in Q2. Free cash flow was $3.2B, below net income of $3.8B.

T nearly unchanged AH. CC getting started.

Q3 results. PR

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs