AT&T Q4 2022 Earnings: Executing The Post-Media Era To A 'T'

Jan. 25, 2023 9:15 AM ETAT&T Inc. (T), T.PA, T.PC, TBB, TBCTMUS, VZ9 Comments


  • AT&T added 656,000 postpaid phone net adds in the fourth quarter, beating consensus estimates of 644,800, underscoring continued market share gains in consumer wireless mobility.
  • Fiber added 280,000 subscriptions, which continues to imply favourable progress in building out the higher margin FTTH business. Meanwhile, full-year 2022 FCF was in line with previous management projections.
  • Despite the slight 4Q22 revenue miss, the adjusted EPS beat (excluding one-time charges) underscores continued management prudence in handling promotional activity critical for capturing share gains without compromising profitability.
  • Faster-than-expected 5G network build-out is also accelerating time-to-monetization and contribute positively to FCF margins going forward, which is important for its income-focused investor base.
  • Looking for more investing ideas like this one? Get them exclusively at Livy Investment Research. Learn More »

In this photo illustration, a AT&T logo seen displayed on a...

SOPA Images/LightRocket via Getty Images

AT&T (NYSE:T) has had a strong year despite growing macroeconomic uncertainties hanging over its operating backdrop. The consistent fundamental outperformance demonstrated over the past year continues to underscore AT&T's ability to deliver on improving its

Thank you for reading my analysis. If you are interested in interacting with me directly in chat, more research content and tools designed for growth investing, and joining a community of like-minded investors, please take a moment to review my Marketplace service Livy Investment Research. Our service's key offerings include:

  • A subscription to our weekly tech and market news recap
  • Full access to our portfolio of research coverage and complementary editing-enabled financial models
  • A compilation of growth-focused industry primers and peer comps

Feel free to check it out risk-free through the two-week free trial. I hope to see you there!

This article was written by

Let the power of quality research drive your investment convictions

Boutique investment research shop providing professional coverage on disruptive thematic equities. Our analysis provides a deep dive on growth drivers present in the secular market to identify outperforming investments.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Recommended For You

Comments (9)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.