AT&T's subscriber growth reports and year-end summary for 2025

AT&T Surpasses Q4 Estimates with $0.54 EPS, $32.3B Revenue; Strong Fiber, 5G Growth

Jan 28, 2025, 12:03 PM

AT&T reported strong fourth-quarter 2024 earnings, beating Wall Street projections. The company's adjusted earnings per share (EPS) came in at $0.54, surpassing estimates of $0.50. Revenue for the quarter was $32.3 billion, slightly above the estimated $32.03 billion and representing a 0.9% year-over-year increase. Net income for the quarter was $4.4 billion, and operating income was $5.3 billion, with adjusted operating income of $5.4 billion. Cash from operating activities totaled $11.9 billion. Adjusted EBITDA was $10.8 billion. Free cash flow stood at $4.8 billion, slightly exceeding the estimate of $4.78 billion. AT&T's robust performance was driven by growth in its fiber and 5G services. The company added 307,000 fiber net subscribers, exceeding the estimated 265,604, marking the seventh consecutive year of adding over one million fiber subscribers. Broadband revenue increased by 7.8% year-over-year. AT&T also reported 482,000 postpaid net additions and achieved record mobility EBITDA. Mobility revenue reached $23.1 billion, beating estimates of $22.74 billion. For the full year, AT&T's revenues totaled $122.3 billion. The company reaffirmed its guidance for 2025 adjusted EPS of $1.97 to $2.07, despite estimates being slightly higher at $2.16. AT&T's strong Q4 results reflect robust demand for its 5G and fiber services, positioning the company for continued growth in the coming year.