AT&T confirms expectations for multi-year growth plan

AT&T‘s multi-year strategic growth plan will substantially advance its progress on becoming the best connectivity provider in America. As a result of the investment-led strategy announced at its 2024 Analyst & Investor Day, the Company expects to be in a differentiated position within the connectivity industry by the end of the decade. While building the network of the future, AT&T is increasing its opportunity to serve customers how they want to be served, by one provider in a converged manner. In Mobility, the Company continues to expect full-year wireless service growth in the higher end of the 2% to 3% range and Mobility EBITDA growth in the higher end of the 3% to 4% range. As previously stated, AT&T’s 2025 guidance anticipates a healthy wireless market with further normalization of net adds and overall activity levels. Additionally, customers reaching the end of their device promotions returned to a more normalized level on a seasonal basis in the fourth quarter of 2024. Postpaid phone net additions in January were impacted by this normalization, typical seasonality and the timing of promotional offers. The Company is pleased with the customer response to the recent launch of AT&T Guarantee and offers introduced over the past several weeks and expects this solid performance to continue for the remainder of the quarter. In Consumer Wireline, the Company continues to expect full-year consumer fiber broadband revenue growth in the mid-teens and Consumer Wireline EBITDA growth in the high-single to low-double-digit range. AT&T Fiber penetration rates continue to exceed initial business case assumptions with net adds varying from quarter to quarter based primarily on the pace of new fiber locations passed, seasonality and marketplace dynamics. In Business Wireline, the Company continues to expect full-year Business Wireline EBITDA to decline in the mid-teens range primarily due to continued industry-wide secular declines in legacy services.