AT&T's (T.US) Q4 earnings exceed expectations due to robust growth in mobile and fiber users.

AT&T (T.US) exceeded Wall Street's expectations in Q4, as seasonal promotions and bundled product discounts drove better-than-expected growth in mobile and fiber internet customers. Data showed the company's Q4 revenue was $32.3 billion, up 1% YoY, slightly above Wall Street's expectations. The company also reported adding 482,000 mobile users per month, topping analysts' expectations of 442,000. Adjusted EPS was 54 cents, flat YoY, topping analysts' expectations of 50 cents. The company added 307,000 fiber internet service customers, topping analysts' expectations of 266,000, as the strike impact faded. AT&T CEO John Stankey said, "We finished 2024 with strong momentum. As we expand our nation's largest fiber network, modernize our wireless network, grow our business, and begin stock repurchases in the second half, customers and shareholders can expect more value in 2025." AT&T painted a rosy picture of continued growth over the next three years, including double-digit percentage revenue growth in 2027, at its investor day in December. The company reiterated its 2025 EPS guidance of $1.97-$2.07, excluding certain items. 2024 EPS was $1.95. The guidance, announced in December, excluded the impact of AT&T's ownership of satellite television service DirecTV. AT&T expects to complete the sale of the business in the first half of 2025, returning to its roots as a telecommunications provider. AT&T's stock rose 36% last year. As of writing, AT&T traded 1.06% higher before the market opened.