AT&T's earnings call reflects solid growth in its Mobility and Fiber segments, strong financial flexibility, and strategic divestments. However, these positive developments are tempered by challenges in the Business Wireline segment, impacts from natural disasters, and a decline in adjusted EPS.

Company Guidance

During AT&T's Q3 2024 earnings call, the company provided detailed guidance on several key metrics, reflecting solid performance and strategic growth. AT&T's Mobility segment delivered 403,000 postpaid phone net adds and exhibited a year-to-date EBITDA growth of over 6%, aligning with the high end of its full-year guidance. The Consumer Wireline segment reported more than 8% EBITDA growth, driven by nearly 17% growth in fiber revenues, despite challenges from a one-month work stoppage and Hurricane Helene. The company anticipates full-year adjusted EBITDA growth in the 3% range, despite facing approximately $115 million in financial impacts from recent storms and work stoppages. AT&T's free cash flow reached $12.8 billion year-to-date, with expectations to meet the midpoint of its $17 billion to $18 billion guidance range for the year. The company continues to focus on deleveraging, aiming for a net debt to adjusted EBITDA ratio in the 2.5x range by the first half of 2025, supported by ongoing reductions in vendor financing obligations and a strategic sale of its 70% stake in DIRECTV.

Strong Mobility Growth

AT&T delivered 403,000 postpaid phone net adds in the third quarter, with a year-over-year churn improvement and a Mobility EBITDA growth of 6.7%. The company is on track to achieve Mobility service revenue growth in the 3% range for the full year.

Fiber Expansion and Performance

AT&T added 226,000 AT&T Fiber net adds despite challenges and has seen nearly 17% growth in fiber revenues. The company remains on track to pass 30 million plus fiber locations by the end of 2025.

Financial Flexibility and Debt Reduction

AT&T reduced net debt by approximately $2.9 billion year-over-year and continues to improve financial flexibility. The company aims to achieve a net debt to adjusted EBITDA ratio in the 2.5x range by the first half of 2025.

Successful Divestment of DIRECTV Stake

AT&T reached an agreement to sell its remaining 70% stake in DIRECTV to TPG, further focusing on its core 5G and fiber connectivity business.

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AT&T (T) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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T Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 27, 2025	2024 (Q4)	0.50 / -	0.54	―	―	―
Oct 23, 2024	2024 (Q3)	0.57 / 0.60	0.64	-6.25% (-0.04)
Jul 24, 2024	2024 (Q2)	0.57 / 0.57	0.63	-9.52% (-0.06)
Apr 24, 2024	2024 (Q1)	0.53 / 0.55	0.6	-8.33% (-0.05)
Jan 24, 2024	2023 (Q4)	0.56 / 0.54	0.61	-11.48% (-0.07)
Oct 19, 2023	2023 (Q3)	0.62 / 0.64	0.68	-5.88% (-0.04)
Jul 26, 2023	2023 (Q2)	0.60 / 0.63	0.65	-3.08% (-0.02)
Apr 20, 2023	2023 (Q1)	0.58 / 0.60	0.77	-22.08% (-0.17)
Jan 25, 2023	2022 (Q4)	0.57 / 0.61	0.589	3.57% (+0.02)
Oct 20, 2022	2022 (Q3)	0.61 / 0.68	0.657	3.50% (+0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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T Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 23, 2024	$21.50	$22.49	+4.60%
Jul 24, 2024	$17.98	$18.92	+5.23%
Apr 24, 2024	$16.05	$16.35	+1.87%
Jan 24, 2024	$16.45	$15.96	-2.98%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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