AT&T Inc.
AT&T Reports Q3 2024 Results: Mobility and Fiber Growth, Slight Revenue Decline
Summary
AT&T reported third-quarter 2024 results with revenues of $30.2 billion, a slight decrease from the previous year. The company delivered a diluted EPS of $(0.03), but adjusted EPS was $0.60. Mobility service revenues grew by 4.0%, and AT&T Fiber added 226,000 net new customers. Capital expenditures were $5.3 billion, and free cash flow was $5.1 billion. AT&T reiterated its full-year 2024 financial guidance.
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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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