The earnings call highlighted strong growth in mobility and fiber, significant capital investments, and improved financial performance. However, there were challenges in the Business Wireline segment and the ongoing transition from legacy copper networks. Overall, the positive aspects of the call, including subscriber growth and financial strength, outweigh the negatives.

Company Guidance

During AT&T's Fourth Quarter 2024 earnings call, guidance for the upcoming year was provided with a focus on maintaining strong operational performance and strategic investments. In 2025, AT&T plans to grow its 5G and fiber subscriber base, continuing the momentum from 2024, which saw 1.7 million postpaid phone net additions and 1 million or more AT&T Fiber subscribers added for seven consecutive years. The company aims to achieve a net debt to adjusted EBITDA ratio of 2.5 times by mid-2025, enabling the commencement of up to $10 billion in share repurchases as part of a broader $40 billion shareholder return plan. AT&T also targets $3 billion in cost savings by the end of 2027, facilitated by AI integration and the transition from legacy copper network operations. Capital investment is projected to remain around $22 billion, supporting network modernization and expansion. The guidance reflects a commitment to profitable growth and enhanced shareholder returns while emphasizing the importance of a durable franchise for long-term success.

Strong Mobility Performance

AT&T achieved 1.7 million postpaid phone net additions with service revenue growth of 3.5%. They expect to lead the industry in postpaid phone churn for the 14th time in the last 16 quarters.

Fiber Subscriber Growth

AT&T added 1 million or more fiber subscribers for seven consecutive years. They were named America's fastest Internet by Ookla and achieved six consecutive quarters of positive broadband net adds.

Record Capital Investment

AT&T invested about $22 billion in capital investment last year, maintaining industry-leading levels of investment.

Financial Performance

Fourth quarter revenues increased by nearly 1%, driven by wireless service and equipment revenues, as well as broadband revenues. Adjusted EBITDA for the quarter was up 2.2%.

Cash Flow and Debt Reduction

Fourth quarter free cash flow was $4.8 billion, and AT&T reduced net debt by $8.8 billion for the full year.

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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

Daily Earnings Calendar >

T Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 24, 2018	2018 (Q2)	- / 0.69	0.597	15.08% (+0.09)	―	―
Oct 24, 2018	2018 (Q3)	- / 0.68	0.559	21.65% (+0.12)	―	―
Jan 30, 2019	2018 (Q4)	- / 0.65	0.589	10.19% (+0.06)	―	―
Apr 24, 2019	2019 (Q1)	- / 0.65	0.642	1.09% (<+0.01)	―	―
Jul 24, 2019	2019 (Q2)	- / 0.67	0.687	-2.18% (-0.02)	―	―
Oct 28, 2019	2019 (Q3)	- / 0.71	0.68	4.41% (+0.03)	―	―
Jan 29, 2020	2019 (Q4)	- / 0.67	0.649	3.54% (+0.02)	―	―
Apr 22, 2020	2020 (Q1)	- / 0.63	0.649	-2.31% (-0.02)	―	―
Jul 23, 2020	2020 (Q2)	- / 0.63	0.672	-6.70% (-0.05)	―	―
Oct 22, 2020	2020 (Q3)	- / 0.57	0.71	-19.15% (-0.14)	―	―

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
Jan 27, 2025	$22.72	$24.14	+6.25%
Oct 23, 2024	$21.23	$22.21	+4.62%
Jul 24, 2024	$17.75	$18.68	+5.24%
Apr 24, 2024	$15.85	$16.15	+1.89%

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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