What is AT&T's gross profit margin?

What were the key takeaways from AT&T’s earnings call?

Did AT&T beat or miss consensus estimates last quarter?

What is the market's earnings forecast for AT&T next quarter?

What factors drove the changes in AT&T's revenue and profit?

What does AT&T do and what are its main business segments?

What is AT&T's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for AT&T year over year?

- **Broadband Growth**: 550,000 new broadband subscribers, highest in 8 years, with 10 million+ fiber subscribers.
- **Strategic Acquisitions**: EchoStar spectrum deployment and Lumen deal to boost connectivity and growth.
- **Financial Resilience**: Free cash flow $4.9B, on track for $16B annual target.
- **Convergence Success**: 41.5% of fiber households use AT&T wireless, driving lower churn.
- **Future Expansion**: 60 million fiber locations by 2030, enhancing connectivity leadership.

**【CEO Summary Section】**
- Delivered strong Q3 performance, with 405,000 postpaid phone net adds and 550,000 new broadband subscribers, the highest in 8 years.
- Consumer Wireline revenue grew 4.1%, driven by 16.8% fiber revenue growth, reaching over 10 million fiber subscribers.
- Convergence strategy success: 41.5% of fiber households use AT&T wireless, with lower churn and higher lifetime value.
- Strategic acquisitions: EchoStar spectrum deployment to expand Internet Air, and Lumen deal expected to close early 2026.
- Aiming to lead in advanced connectivity by 2030, with 60 million fiber locations by 2030.

**【CFO Financial Commentary】**
- Total revenue up 1.6% to $42.0 billion, adjusted EBITDA up 2.4%, and free cash flow of $4.9 billion.
- Consumer Wireline EBITDA grew 15%, driven by fiber and fixed wireless expansion.
- Full year guidance: service revenue growth in low single digits, adjusted EBITDA up 3%.
- Returned $3.5 billion to shareholders, with $4 billion buyback target.

**【Q&A Highlights】**
- Broadband expansion: 31 million fiber locations, targeting 60 million by 2030, with 2/3 U.S. population covered by EchoStar spectrum by mid-November.
- Managing competition through convergence, with ARPU pressure offset by long-term value from underpenetrated segments.
- LEO satellites seen as complementary, with plans for direct-to-device offering.
- Legal settlements impact Q4 free cash flow by $0.5 billion, but annual guidance remains intact.

AT&T Inc. (T) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

T

T fundamentals

You can ask Aime