AT&T Beats Subscriber Expectations Despite Competitive Headwinds

4 days ago

Tom Keane

">> We'll go to AT&T ticker T. Um this is the smallest Yes. of the big three US wireless providers. It shares are up about 1% so the big news is that it added more mobile phone home internet subscribers this summer than analysts thought they would. um also picked up new customers for that fixed wireless internet service it has called internet air. Um so if you want the numbers about 405,000 new mobile phone customers in the third quarter they had this heavy promo push, right? They were pushing this new customer guarantee. They promised things like a better network reliability, better customer service, the best smartphone deals. Um revenue just fell short of estimates, adjusted earnings per share, they came in uh in line, but it's really those those numbers um the subscriber numbers that they were touting. It just I mean the churn in the wireless business is brutal. It's so competitive here. I've never changed my wireless."

The speaker highlights AT&T's better-than-expected subscriber addition, emphasizing strong promotional efforts and customer acquisition in a competitive market, while noting revenue came in slightly below estimates and acknowledging the harsh churn environment.

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