AT&T Inc. (NYSE:T) reported fourth-quarter results that showed continuing subscriber growth in wireless, fiber, and HBO Max while continuing to reflect strong cash flows and financial strength.
Communications
Mobility:
- 800,000 postpaid phone net adds; 1.5 million for the full year
- 1.2 million postpaid net adds; 2.2 million for the full year
- Nearly 6 million total domestic wireless net adds
- Postpaid phone churn of 0.76%, second-lowest quarter ever; full-year churn of 0.79%
- Revenues up 7.6%; service revenues up 0.5%; equipment revenues up 28.3%
- Nation’s fastest 5G wireless network and, for the 8 th consecutive quarter in a row, the fastest network in the nation
Broadband:
- 273,000 AT&T Fiber net adds; more than 1 million for the full year
- Solid IP broadband ARPU growth of 4.6% growth
Video:
- AT&T TV gains helped offset premium TV loss
- 617,000 net loss, the result of lower churn and higher quality base
WarnerMedia
• Total domestic HBO Max and HBO subscribers top 41 million and nearly 61 million worldwide
• HBO Max activations double since the end of third-quarter 2020; 17.2 million as of the end of 4Q
Source: investors.att.com
