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

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

What guidance did AT&T's management provide for the next earnings period?

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

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

What is AT&T's gross profit margin?

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

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.

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