AT&T Inc.
AT&T Inc. Announces First-Quarter 2024 Financial Results
Summary
AT&T Inc. reported a net income of $3.4 billion for the first quarter of 2024, down from $4.2 billion in the same period of 2023. The decline was driven by restructuring charges and impairments. Operating revenues were $30.0 billion, slightly down from $30.1 billion in the first quarter of 2023. The Communications segment saw a slight decrease in revenues, while the Latin America segment experienced growth. AT&T also provided supplementary financial data and segment operating results in the exhibit.
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Exhibits (1)
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About AT&T Inc.
AT&T Inc. is a leading telecommunications conglomerate that provides a wide array of communication services. Its primary function is to offer wired and wireless voice and data telecommunications services to consumers, businesses, and governmental agencies. AT&T operates prominent brands such as AT&T Mobility, offering wireless voice and data services, and provides broadband subscription television services through its subsidiary, DirecTV. The company plays a significant role in pioneering broadband networks and building advanced mobile and 5G infrastructures, impacting various sectors such as media, entertainment, and technology. Headquartered in Dallas, Texas, AT&T also holds a strategic position in content distribution following its acquisition of Time Warner, diversifying with ventures into media production and streaming services. AT&T continues to be a driving force in shaping global communications and media landscapes by maintaining robust connectivity solutions and content delivery mechanisms.
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